GSA Capital Partners LLP Reduces Position in Antero Midstream Co. (NYSE:AM)

GSA Capital Partners LLP reduced its stake in Antero Midstream Co. (NYSE:AM) by 70.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,944 shares of the pipeline company’s stock after selling 40,575 shares during the quarter. GSA Capital Partners LLP’s holdings in Antero Midstream were worth $255,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AM. First Horizon Advisors Inc. increased its stake in shares of Antero Midstream by 24.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after purchasing an additional 688 shares in the last quarter. Wedmont Private Capital raised its position in Antero Midstream by 4.7% in the third quarter. Wedmont Private Capital now owns 16,862 shares of the pipeline company’s stock valued at $264,000 after purchasing an additional 759 shares during the period. CWM LLC raised its stake in shares of Antero Midstream by 10.5% during the third quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock valued at $122,000 after purchasing an additional 768 shares during the period. Nations Financial Group Inc. IA ADV grew its stake in shares of Antero Midstream by 1.0% during the second quarter. Nations Financial Group Inc. IA ADV now owns 78,573 shares of the pipeline company’s stock valued at $1,158,000 after acquiring an additional 798 shares in the last quarter. Finally, Abich Financial Wealth Management LLC boosted its stake in shares of Antero Midstream by 21.9% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company’s stock valued at $68,000 after buying an additional 818 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AM shares. Morgan Stanley raised their target price on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, August 27th. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th.

Antero Midstream Stock Performance

Shares of AM stock opened at $15.77 on Friday. The firm has a market cap of $7.59 billion, a P/E ratio of 19.47 and a beta of 2.35. The stock’s 50-day moving average is $15.18 and its two-hundred day moving average is $14.76. Antero Midstream Co. has a fifty-two week low of $11.58 and a fifty-two week high of $15.90. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.71%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream’s payout ratio is presently 111.11%.

Insider Activity at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total transaction of $146,600.00. Following the transaction, the director now owns 74,100 shares of the company’s stock, valued at approximately $1,086,306. The trade was a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.61% of the stock is owned by company insiders.

About Antero Midstream

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.