Everstar Asset Management LLC Makes New $954,000 Investment in DNP Select Income Fund Inc. (NYSE:DNP)

Everstar Asset Management LLC bought a new stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 108,185 shares of the investment management company’s stock, valued at approximately $954,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Safe Harbor Fiduciary LLC acquired a new stake in DNP Select Income Fund during the 3rd quarter valued at approximately $28,000. Crews Bank & Trust purchased a new position in shares of DNP Select Income Fund during the 4th quarter valued at approximately $29,000. UMB Bank n.a. bought a new stake in shares of DNP Select Income Fund in the fourth quarter worth $34,000. Tandem Financial LLC acquired a new stake in DNP Select Income Fund in the fourth quarter valued at $34,000. Finally, Golden State Wealth Management LLC bought a new position in DNP Select Income Fund during the 4th quarter valued at $35,000. 8.51% of the stock is owned by hedge funds and other institutional investors.

DNP Select Income Fund Price Performance

DNP opened at $9.92 on Monday. The company has a 50-day moving average of $9.47 and a 200-day moving average of $9.45. DNP Select Income Fund Inc. has a 1-year low of $8.02 and a 1-year high of $10.04.

DNP Select Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a yield of 7.87%. The ex-dividend date of this dividend is Monday, June 30th.

Insiders Place Their Bets

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total transaction of $107,189.31. Following the completion of the sale, the director now owns 5,344 shares in the company, valued at $50,287.04. The trade was a 68.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is currently owned by company insiders.

DNP Select Income Fund Company Profile

DNP Select Income Fund Inc is a closed ended balanced mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests in the public equity and fixed income markets of the United States. For the fixed income portion, the fund invests in bonds.