2,660 Shares in Summit Midstream Partners, LP (NYSE:SMLP) Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC bought a new position in Summit Midstream Partners, LP (NYSE:SMLP) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 2,660 shares of the pipeline company’s stock, valued at approximately $48,000.

Separately, Pekin Hardy Strauss Inc. bought a new position in shares of Summit Midstream Partners in the 4th quarter worth $232,000. 42.97% of the stock is currently owned by institutional investors and hedge funds.

Summit Midstream Partners Stock Down 1.1 %

Shares of SMLP traded down $0.32 during trading hours on Tuesday, reaching $28.59. The stock had a trading volume of 15,049 shares, compared to its average volume of 45,422. Summit Midstream Partners, LP has a 12 month low of $13.00 and a 12 month high of $29.54. The firm has a 50-day simple moving average of $24.33 and a 200 day simple moving average of $20.22. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.34. The company has a market capitalization of $297.91 million, a price-to-earnings ratio of -4.67 and a beta of 2.33.

Summit Midstream Partners (NYSE:SMLP) last issued its quarterly earnings data on Friday, March 15th. The pipeline company reported ($1.29) earnings per share for the quarter. Summit Midstream Partners had a negative net margin of 8.49% and a negative return on equity of 4.72%. The company had revenue of $127.32 million for the quarter.

Insider Buying and Selling at Summit Midstream Partners

In other Summit Midstream Partners news, insider James David Johnston sold 3,400 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $25.21, for a total transaction of $85,714.00. Following the transaction, the insider now directly owns 48,201 shares in the company, valued at approximately $1,215,147.21. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 8,000 shares of company stock worth $179,459. Corporate insiders own 5.30% of the company’s stock.

About Summit Midstream Partners

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.