Blackstart Capital LP Invests $8.68 Million in SemGroup Corp (SEMG) Stock
Blackstart Capital LP purchased a new stake in shares of SemGroup Corp (NASDAQ:SEMG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 320,962 shares of the company’s stock, valued at approximately $8,680,000. SemGroup Corp makes up approximately 3.5% of Blackstart Capital LP’s holdings, making the stock its 15th largest holding. Blackstart Capital LP owned about 0.48% of SemGroup Corp at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in SEMG. Campbell & CO Investment Adviser LLC purchased a new stake in shares of SemGroup Corp during the second quarter valued at approximately $346,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of SemGroup Corp by 72.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,095,436 shares of the company’s stock valued at $29,577,000 after purchasing an additional 460,800 shares during the period. Bank of New York Mellon Corp raised its stake in shares of SemGroup Corp by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 1,552,483 shares of the company’s stock valued at $55,889,000 after purchasing an additional 51,743 shares during the period. Bank of Nova Scotia purchased a new stake in shares of SemGroup Corp during the first quarter valued at approximately $1,187,000. Finally, Virginia Retirement Systems ET AL raised its stake in shares of SemGroup Corp by 106.8% during the first quarter. Virginia Retirement Systems ET AL now owns 14,893 shares of the company’s stock valued at $536,000 after purchasing an additional 7,693 shares during the period.
The business also recently announced a quarterly dividend, which was paid on Monday, August 28th. Shareholders of record on Friday, August 18th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.80 dividend on an annualized basis and a yield of 6.52%.
A number of analysts have recently issued reports on SEMG shares. Royal Bank Of Canada reiterated a “buy” rating and set a $33.00 price objective on shares of SemGroup Corp in a research note on Tuesday, August 29th. BidaskClub upgraded shares of SemGroup Corp from a “sell” rating to a “hold” rating in a research note on Friday, September 8th.
About SemGroup Corp
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