Pekin Hardy Strauss Inc. acquired a new stake in shares of Summit Midstream Partners, LP (NYSE:SMLP – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,950 shares of the pipeline company’s stock, valued at approximately $232,000.
Separately, Valeo Financial Advisors LLC purchased a new stake in shares of Summit Midstream Partners during the third quarter valued at $209,000. 42.97% of the stock is currently owned by institutional investors and hedge funds.
Summit Midstream Partners Trading Down 3.3 %
Shares of SMLP opened at $27.64 on Thursday. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.73 and a quick ratio of 0.73. Summit Midstream Partners, LP has a 1-year low of $13.00 and a 1-year high of $29.54. The business’s 50-day moving average price is $24.53 and its 200 day moving average price is $20.27.
Insider Activity
In other news, insider James David Johnston sold 3,300 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $20.25, for a total transaction of $66,825.00. Following the transaction, the insider now directly owns 22,850 shares in the company, valued at approximately $462,712.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 8,000 shares of company stock worth $179,459. 5.30% of the stock is owned by corporate insiders.
Summit Midstream Partners Company Profile
Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. The company provides natural gas gathering, compression, treating, and processing services, as well as crude oil and produced water gathering and freshwater delivery services.
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