Jane Street Group LLC Purchases Shares of 6,483 Summit Midstream Corporation (NYSE:SMC)

Jane Street Group LLC purchased a new stake in shares of Summit Midstream Corporation (NYSE:SMC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,483 shares of the company’s stock, valued at approximately $227,000. Jane Street Group LLC owned approximately 0.06% of Summit Midstream as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fractal Investments LLC acquired a new position in Summit Midstream during the third quarter valued at approximately $1,576,000. Virtus Fund Advisers LLC acquired a new position in shares of Summit Midstream during the third quarter worth $3,794,000. Valeo Financial Advisors LLC acquired a new position in shares of Summit Midstream during the third quarter worth $529,000. Finally, Pekin Hardy Strauss Inc. acquired a new position in shares of Summit Midstream during the third quarter worth $1,311,000. 42.97% of the stock is owned by institutional investors and hedge funds.

Summit Midstream Trading Up 0.7 %

NYSE SMC opened at $37.83 on Friday. The stock’s fifty day moving average price is $36.47. Summit Midstream Corporation has a 52 week low of $15.56 and a 52 week high of $40.75. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $402.85 million, a PE ratio of -2.95 and a beta of 2.37.

Insider Transactions at Summit Midstream

In related news, CEO J Heath Deneke sold 1,000 shares of Summit Midstream stock in a transaction on Monday, January 6th. The shares were sold at an average price of $37.81, for a total value of $37,810.00. Following the completion of the sale, the chief executive officer now owns 254,006 shares in the company, valued at approximately $9,603,966.86. The trade was a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 21,000 shares of company stock valued at $765,470. Corporate insiders own 5.30% of the company’s stock.

About Summit Midstream

Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. It operates natural gas, crude oil, and produced water gathering systems in four unconventional resource basins, including the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations; the Denver-Julesburg Basin that consists of the Niobrara and Codell shale formations in Colorado and Wyoming; the Fort Worth Basin in Texas, which comprises the Barnett Shale formation; and the Piceance Basin in Colorado, which includes the Mesaverde formation, as well as the emerging Mancos and Niobrara Shale formations.