iSAM Funds UK Ltd Makes New Investment in Antero Midstream Co. (NYSE:AM)

iSAM Funds UK Ltd acquired a new position in Antero Midstream Co. (NYSE:AM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 39,593 shares of the pipeline company’s stock, valued at approximately $596,000.

Other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in Antero Midstream by 98.6% in the 3rd quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock worth $2,564,000 after acquiring an additional 86,001 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Antero Midstream by 10.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock worth $5,402,000 after purchasing an additional 34,222 shares during the period. Westwood Holdings Group Inc. boosted its holdings in shares of Antero Midstream by 5.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock worth $49,516,000 after purchasing an additional 184,911 shares during the period. Susquehanna Fundamental Investments LLC boosted its holdings in shares of Antero Midstream by 23.0% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 457,121 shares of the pipeline company’s stock worth $6,738,000 after purchasing an additional 85,416 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Antero Midstream in the 2nd quarter worth approximately $559,000. Institutional investors own 53.97% of the company’s stock.

Insider Activity at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the completion of the sale, the director now directly owns 74,100 shares in the company, valued at approximately $1,086,306. This represents a 11.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is owned by company insiders.

Analyst Ratings Changes

AM has been the subject of a number of recent research reports. Morgan Stanley lifted their target price on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, August 27th. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a report on Thursday, November 28th.

Antero Midstream Price Performance

AM opened at $15.32 on Friday. The business has a fifty day moving average of $15.31 and a 200 day moving average of $14.83. Antero Midstream Co. has a 52-week low of $11.58 and a 52-week high of $16.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The stock has a market cap of $7.37 billion, a P/E ratio of 18.91 and a beta of 2.39.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.88%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream’s payout ratio is currently 111.11%.

Antero Midstream Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.