Pallas Capital Advisors LLC Makes New Investment in Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Pallas Capital Advisors LLC acquired a new stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 61,689 shares of the financial services provider’s stock, valued at approximately $764,000.

A number of other institutional investors also recently modified their holdings of the stock. Bessemer Group Inc. bought a new position in Kayne Anderson Energy Infrastructure Fund during the third quarter worth $31,000. JPMorgan Chase & Co. increased its stake in Kayne Anderson Energy Infrastructure Fund by 114,616.7% in the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 6,877 shares in the last quarter. Brown Advisory Inc. bought a new stake in Kayne Anderson Energy Infrastructure Fund in the second quarter valued at $105,000. Ameritas Advisory Services LLC raised its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 420.4% during the third quarter. Ameritas Advisory Services LLC now owns 12,610 shares of the financial services provider’s stock valued at $156,000 after purchasing an additional 10,187 shares during the period. Finally, Cresset Asset Management LLC acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter valued at about $164,000.

Kayne Anderson Energy Infrastructure Fund Price Performance

KYN stock opened at $14.28 on Tuesday. The company’s 50-day moving average is $13.67 and its 200-day moving average is $12.61. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1 year low of $9.82 and a 1 year high of $14.49.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.085 dividend. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 7.1%.

Insider Transactions at Kayne Anderson Energy Infrastructure Fund

In other news, Director Holli C. Ladhani acquired 3,600 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction on Monday, February 23rd. The stock was purchased at an average price of $13.89 per share, with a total value of $50,004.00. Following the completion of the purchase, the director owned 3,600 shares of the company’s stock, valued at approximately $50,004. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Austin Colby Parker acquired 2,500 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The shares were purchased at an average price of $14.32 per share, with a total value of $35,800.00. Following the acquisition, the chief financial officer owned 12,011 shares of the company’s stock, valued at approximately $171,997.52. This represents a 26.29% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 36,100 shares of company stock worth $506,154 in the last three months.

Kayne Anderson Energy Infrastructure Fund 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.