Fjell Capital LLC Invests $255,000 in DNP Select Income Fund Inc. (NYSE:DNP)

Fjell Capital LLC bought a new stake in DNP Select Income Fund Inc. (NYSE:DNP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 28,900 shares of the investment management company’s stock, valued at approximately $255,000.

Several other hedge funds have also recently added to or reduced their stakes in DNP. Safe Harbor Fiduciary LLC bought a new position in shares of DNP Select Income Fund in the third quarter worth $28,000. Crews Bank & Trust bought a new position in DNP Select Income Fund in the 4th quarter valued at about $29,000. UMB Bank n.a. bought a new position in DNP Select Income Fund in the 4th quarter valued at about $34,000. Tandem Financial LLC acquired a new position in DNP Select Income Fund during the 4th quarter valued at about $34,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of DNP Select Income Fund during the 4th quarter worth about $35,000. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Trading Up 0.5 %

DNP Select Income Fund stock opened at $9.50 on Wednesday. DNP Select Income Fund Inc. has a 12-month low of $8.02 and a 12-month high of $10.04. The firm has a 50 day simple moving average of $9.24 and a 200-day simple moving average of $9.42.

DNP Select Income Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were given a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a dividend yield of 8.24%.

Insider Transactions at DNP Select Income Fund

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total transaction of $107,189.31. Following the completion of the sale, the director now directly owns 5,344 shares of the company’s stock, valued at $50,287.04. This represents a 68.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.06% of the company’s stock.

DNP Select Income Fund Profile

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.