Bard Associates Inc. purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 624,480 shares of the financial services provider’s stock, valued at approximately $8,637,000. Kayne Anderson Energy Infrastructure Fund accounts for 1.9% of Bard Associates Inc.’s holdings, making the stock its 13th biggest position.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KYN. Indivisible Partners bought a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at approximately $816,000. Beverly Hills Private Wealth LLC bought a new stake in Kayne Anderson Energy Infrastructure Fund during the second quarter worth approximately $2,639,000. Cura Wealth Advisors LLC acquired a new position in Kayne Anderson Energy Infrastructure Fund during the second quarter valued at approximately $1,093,000. Closed End Fund Advisors Inc. acquired a new position in Kayne Anderson Energy Infrastructure Fund during the fourth quarter valued at approximately $3,106,000. Finally, Pallas Capital Advisors LLC acquired a new position in Kayne Anderson Energy Infrastructure Fund during the second quarter valued at approximately $853,000.
Insider Activity
In related news, Director Carita Walker acquired 3,400 shares of the stock in a transaction dated Thursday, August 20th. The shares were acquired at an average price of $14.70 per share, for a total transaction of $49,980.00. Following the completion of the purchase, the director owned 3,400 shares in the company, valued at approximately $49,980. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael J. Hennigan bought 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were bought at an average cost of $13.57 per share, for a total transaction of $203,550.00. Following the transaction, the director directly owned 20,000 shares of the company’s stock, valued at $271,400. This trade represents a 300.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 27,021 shares of company stock valued at $371,536.
Kayne Anderson Energy Infrastructure Fund Stock Performance
Kayne Anderson Energy Infrastructure Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a $0.09 dividend. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Friday, August 14th.
Kayne Anderson Energy Infrastructure Fund Company Profile
The Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end management investment company that focuses on energy infrastructure assets. The fund’s portfolio is primarily composed of equity securities of publicly traded partnerships—including master limited partnerships (MLPs)—and other energy-related companies. Key sectors in its midstream-oriented strategy include the transportation, storage, processing and distribution of natural gas, crude oil and refined products.
Since commencing operations in 2014, Kayne Anderson Energy Infrastructure Fund has pursued a dual objective of current income generation and long-term capital appreciation.
Recommended Stories
- Five stocks we like better than Kayne Anderson Energy Infrastructure Fund
- Blueprint for a Boom: SEC Clears the Crypto Runway
- Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
- Advance Auto Parts Plunged, But Its Turnaround Is Still Working
- Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
Want to see what other hedge funds are holding KYN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN – Free Report).
Receive News & Ratings for Kayne Anderson Energy Infrastructure Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kayne Anderson Energy Infrastructure Fund and related companies with MarketBeat.com's FREE daily email newsletter.
