GSA Capital Partners LLP raised its position in shares of American Midstream Partners LP (NYSE:AMID) by 41.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,100 shares of the company’s stock after buying an additional 10,000 shares during the period. GSA Capital Partners LLP owned 0.11% of American Midstream Partners worth $403,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of AMID. Arrow Investment Advisors LLC increased its stake in shares of American Midstream Partners by 23.6% in the second quarter. Arrow Investment Advisors LLC now owns 98,322 shares of the company’s stock worth $1,163,000 after buying an additional 18,800 shares during the period. Bank of Montreal Can acquired a new stake in shares of American Midstream Partners during the second quarter worth about $296,000. Sigma Planning Corp acquired a new stake in shares of American Midstream Partners during the second quarter worth about $137,000. Mount Lucas Management LP increased its stake in shares of American Midstream Partners by 16.0% in the first quarter. Mount Lucas Management LP now owns 14,500 shares of the company’s stock worth $100,000 after buying an additional 2,000 shares during the period. Finally, Price Michael F increased its stake in shares of American Midstream Partners by 12.2% in the first quarter. Price Michael F now owns 522,500 shares of the company’s stock worth $3,616,000 after buying an additional 57,000 shares during the period. Hedge funds and other institutional investors own 28.07% of the company’s stock.

Shares of American Midstream Partners LP (NYSE:AMID) traded up 4.04% during trading on Wednesday, reaching $14.41. The company’s stock had a trading volume of 82,204 shares. The stock’s market cap is $458.37 million. The company has a 50 day moving average of $12.86 and a 200-day moving average of $11.00. American Midstream Partners LP has a 12-month low of $3.80 and a 12-month high of $15.19.

American Midstream Partners (NYSE:AMID) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by $0.59. The business earned $55.40 million during the quarter, compared to the consensus estimate of $63.92 million. American Midstream Partners had a positive return on equity of 8.15% and a negative net margin of 65.51%. Analysts forecast that American Midstream Partners LP will post $0.70 EPS for the current year.

A number of brokerages have recently issued reports on AMID. RBC Capital Markets began coverage on American Midstream Partners in a research report on Friday, August 19th. They set an “outperform” rating and a $16.00 price target for the company. Royal Bank Of Canada assumed coverage on American Midstream Partners in a research report on Friday, August 19th. They set an “outperform” rating and a $16.00 price target for the company. Ladenburg Thalmann raised American Midstream Partners from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Thursday, July 21st. Finally, Zacks Investment Research raised American Midstream Partners from a “strong sell” rating to a “hold” rating in a report on Monday, July 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $10.14.

In other news, major shareholder Spectrum Securities Cor Energy sold 51,864 shares of the company’s stock in a transaction dated Thursday, July 14th. The stock was sold at an average price of $12.15, for a total value of $630,147.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.40% of the stock is owned by insiders.

About American Midstream Partners

American Midstream Partners, LP owns, operates, develops and acquires a portfolio of midstream energy assets. The Company is engaged in the business of gathering, treating, processing and transporting natural gas; gathering, transporting, storing, treating and fractionating natural gas liquids (NGLs); gathering, storing and transporting crude oil and condensates, and storing specialty chemical products.

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