Sit Investment Associates Inc. raised its stake in shares of Kayne Anderson MLP Investment Co. (NYSE:KYN) by 6.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,014,356 shares of the financial services provider’s stock after acquiring an additional 60,120 shares during the period. Sit Investment Associates Inc. owned approximately 0.89% of Kayne Anderson MLP Investment worth $19,323,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of KYN. Alpha Cubed Investments LLC bought a new position in Kayne Anderson MLP Investment during the 3rd quarter valued at about $196,000. Intellectus Partners LLC lifted its stake in shares of Kayne Anderson MLP Investment by 9.9% in the 2nd quarter. Intellectus Partners LLC now owns 11,060 shares of the financial services provider’s stock worth $208,000 after purchasing an additional 1,000 shares during the period. Northern Trust Corp lifted its stake in shares of Kayne Anderson MLP Investment by 21.4% in the 2nd quarter. Northern Trust Corp now owns 16,767 shares of the financial services provider’s stock worth $316,000 after purchasing an additional 2,950 shares during the period. Steward Partners Investment Advisory LLC bought a new position in shares of Kayne Anderson MLP Investment in the 3rd quarter worth approximately $322,000. Finally, M&R Capital Management Inc. lifted its stake in shares of Kayne Anderson MLP Investment by 2.3% in the 2nd quarter. M&R Capital Management Inc. now owns 24,980 shares of the financial services provider’s stock worth $430,000 after purchasing an additional 550 shares during the period.
In other Kayne Anderson MLP Investment news, VP Ron M. Logan, Jr. acquired 20,000 shares of the stock in a transaction dated Thursday, October 26th. The shares were purchased at an average price of $15.75 per share, for a total transaction of $315,000.00. Following the purchase, the vice president now directly owns 30,773 shares of the company’s stock, valued at $484,674.75. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Kayne Anderson MLP Investment Co. (NYSE KYN) opened at $19.78 on Thursday. Kayne Anderson MLP Investment Co. has a one year low of $14.38 and a one year high of $22.15. The firm has a market cap of $2,260.00, a P/E ratio of -395.60 and a beta of 0.85.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, January 5th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 9.10%. The ex-dividend date was Thursday, January 4th.
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Kayne Anderson MLP Investment Company Profile
Kayne Anderson MLP Investment Company is a non-diversified, closed-end management investment company. The Company’s investment objective is to obtain a high after-tax total return by investing at least 85% of its total assets in energy-related master limited partnerships and their affiliates (MLPs) and in other companies that operate assets used in the gathering, transporting, processing, storing, refining, distributing, mining or marketing of natural gas, natural gas liquids, crude oil, refined petroleum products or coal.
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