Insider Selling: Salient MLP And Energy Infrastructure CEO Sells 5,000 Shares of Stock (SMF)
Salient MLP And Energy Infrastructure (NYSE:SMF) CEO Gregory Allen Reid sold 5,000 shares of the company’s stock on the open market in a transaction dated Thursday, June 19th. The shares were sold at an average price of $31.33, for a total transaction of $156,650.00. Following the sale, the chief executive officer now directly owns 2,482 shares in the company, valued at approximately $77,761. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Salient MLP And Energy Infrastructure (NYSE:SMF) traded up 1.40% during mid-day trading on Tuesday, hitting $32.5075. 30,049 shares of the company’s stock traded hands. Salient MLP And Energy Infrastructure has a one year low of $25.50 and a one year high of $33.18. The stock has a 50-day moving average of $31.51 and a 200-day moving average of $29.47.
A number of analysts have recently weighed in on SMF shares. Analysts at Stifel downgraded shares of Salient MLP And Energy Infrastructure from a “buy” rating to a “hold” rating in a research note on Tuesday, June 3rd. Analysts at Stifel Nicolaus downgraded shares of Salient MLP And Energy Infrastructure from a “buy” rating to a “hold” rating in a research note on Tuesday, June 3rd. They now have a $30.00 price target on the stock.
Salient MLP and Energy Infrastructure Fund (NYSE:SMF), is an organized, non-diversified, closed-end management investment company.
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