Birch Capital Management LLC Has $566,000 Stake in Antero Midstream Co. (NYSE:AM)

Birch Capital Management LLC increased its position in Antero Midstream Co. (NYSE:AM) by 1.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 37,482 shares of the pipeline company’s stock after acquiring an additional 655 shares during the period. Birch Capital Management LLC’s holdings in Antero Midstream were worth $566,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in shares of Antero Midstream during the 3rd quarter worth about $38,000. Blue Trust Inc. grew its holdings in Antero Midstream by 149.4% during the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock valued at $46,000 after purchasing an additional 1,857 shares during the last quarter. Brooklyn Investment Group acquired a new position in Antero Midstream in the 3rd quarter valued at $48,000. Abich Financial Wealth Management LLC acquired a new position in Antero Midstream during the 2nd quarter worth $55,000. Finally, GAMMA Investing LLC boosted its holdings in Antero Midstream by 44.5% during the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock valued at $96,000 after acquiring an additional 1,962 shares during the period. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Price Performance

Shares of AM traded down $0.01 on Tuesday, hitting $15.49. The company’s stock had a trading volume of 1,613,858 shares, compared to its average volume of 1,821,571. The company has a 50 day moving average price of $15.21 and a 200 day moving average price of $14.91. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. Antero Midstream Co. has a fifty-two week low of $11.58 and a fifty-two week high of $16.00. The company has a market capitalization of $7.46 billion, a PE ratio of 19.12 and a beta of 2.34.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.90 annualized dividend and a dividend yield of 5.81%. Antero Midstream’s dividend payout ratio (DPR) is currently 111.11%.

Insider Transactions at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the transaction, the director now directly owns 74,100 shares in the company, valued at $1,086,306. This trade represents a 11.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company cut Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective for the company. in a research report on Wednesday, December 18th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a report on Tuesday.

Antero Midstream Company Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.