Owen LaRue LLC Sells 229,955 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Owen LaRue LLC cut its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 52.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 205,247 shares of the investment management company’s stock after selling 229,955 shares during the quarter. DNP Select Income Fund accounts for about 0.9% of Owen LaRue LLC’s holdings, making the stock its 27th biggest holding. Owen LaRue LLC owned approximately 0.06% of DNP Select Income Fund worth $1,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Crews Bank & Trust bought a new stake in DNP Select Income Fund during the fourth quarter valued at approximately $29,000. UMB Bank n.a. bought a new stake in DNP Select Income Fund during the fourth quarter valued at approximately $34,000. Tandem Financial LLC bought a new stake in DNP Select Income Fund during the fourth quarter valued at approximately $34,000. Golden State Wealth Management LLC bought a new stake in DNP Select Income Fund during the fourth quarter valued at approximately $35,000. Finally, Sandy Spring Bank lifted its position in DNP Select Income Fund by 141.4% during the fourth quarter. Sandy Spring Bank now owns 4,951 shares of the investment management company’s stock valued at $44,000 after purchasing an additional 2,900 shares during the last quarter. 8.51% of the stock is currently owned by institutional investors.

DNP Select Income Fund Price Performance

DNP stock opened at $9.64 on Tuesday. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04. The company’s 50 day moving average price is $9.48 and its two-hundred day moving average price is $9.39.

DNP Select Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, May 12th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a dividend yield of 8.09%. The ex-dividend date of this dividend is Wednesday, April 30th.

Insiders Place Their Bets

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of DNP Select Income Fund stock in a transaction that occurred 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 transaction, the director now directly owns 5,344 shares of the company’s stock, valued at approximately $50,287.04. This trade represents a 68.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.06% of the company’s stock.

About DNP Select Income Fund

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.