Hilton Capital Management Lowers stake in American Midstream Partners LP (AMID)

American Midstream Partners LP (AMID) : Hilton Capital Management reduced its stake in American Midstream Partners LP by 0.79% during the most recent quarter end. The investment management company now holds a total of 18,850 shares of American Midstream Partners LP which is valued at $226,200 after selling 150 shares in American Midstream Partners LP , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.American Midstream Partners LP makes up approximately 0.07% of Hilton Capital Management’s portfolio.

Other Hedge Funds, Including , Sigma Planning Corp added AMID to its portfolio by purchasing 11,601 company shares during the most recent quarter which is valued at $139,792. American Midstream Partners LP makes up approx 0.02% of Sigma Planning Corp’s portfolio. Simplex Trading sold out all of its stake in AMID during the most recent quarter. The investment firm sold 1,892 shares of AMID which is valued $22,704.Cutler Group Lp boosted its stake in AMID in the latest quarter, The investment management firm added 1,679 additional shares and now holds a total of 2,800 shares of American Midstream Partners LP which is valued at $34,020.Laurel Wealth Advisors reduced its stake in AMID by selling 1,000 shares or 4.24% in the most recent quarter. The Hedge Fund company now holds 22,600 shares of AMID which is valued at $268,940. American Midstream Partners LP makes up approx 0.13% of Laurel Wealth Advisors’s portfolio.

American Midstream Partners LP opened for trading at $12 and hit $12.1 on the upside on Friday, eventually ending the session at $12.02, with a gain of 0.42% or 0.05 points. The heightened volatility saw the trading volume jump to 4,59,050 shares. Company has a market cap of $371 M.

Many Wall Street Analysts have commented on American Midstream Partners LP. American Midstream Partners LP was Upgraded by Ladenburg Thalmann to ” Buy” on Jul 21, 2016.

American Midstream Partners LP owns operates develops and acquires a diversified portfolio of midstream energy assets. The Company gathers treats processes and transports natural gas fractionates natural gas liquids (NGLs) and stores specialty chemical products through its ownership and operation of 12 gathering systems five processing facilities three fractionation facilities three interstate pipelines five intrastate pipelines and four marine terminal sites. The Company operates through three segments: Gathering and Processing Transmission and Terminals. The Gathering and Processing segment gathers processes transports and treats natural gas. The Transmission segment transports natural gas. The Terminals segment provides above-ground storage services at the Company’s marine terminals that support commodity brokers refiners and chemical manufacturers to store a range of products including petroleum products distillates chemicals and agricultural products.

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