Fjell Capital LLC Makes New Investment 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 fourth quarter, Holdings Channel reports. The institutional investor bought 28,900 shares of the investment management company’s stock, valued at approximately $255,000.

Other hedge funds have also made changes to their positions in the company. Kentucky Trust Co purchased a new stake in shares of DNP Select Income Fund during the fourth quarter worth $5,598,000. Wolverine Asset Management LLC purchased a new stake in shares of DNP Select Income Fund during the 4th quarter worth about $2,915,000. IHT Wealth Management LLC lifted its holdings in shares of DNP Select Income Fund by 257.6% during the 3rd quarter. IHT Wealth Management LLC now owns 425,789 shares of the investment management company’s stock valued at $4,275,000 after buying an additional 306,712 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of DNP Select Income Fund by 23.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 766,719 shares of the investment management company’s stock valued at $6,762,000 after buying an additional 145,449 shares during the last quarter. Finally, Barclays PLC bought a new stake in shares of DNP Select Income Fund in the 3rd quarter valued at approximately $1,205,000. 8.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total transaction of $107,189.31. Following the transaction, the director now owns 5,344 shares of the company’s stock, valued at approximately $50,287.04. This represents a 68.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.06% of the stock is owned by insiders.

DNP Select Income Fund Stock Up 0.5 %

Shares of DNP opened at $9.50 on Wednesday. The firm’s 50 day moving average price is $9.24 and its 200 day moving average price is $9.42. DNP Select Income Fund Inc. has a twelve month low of $8.02 and a twelve month high of $10.04.

DNP Select Income Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were issued 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%.

DNP Select Income Fund Company 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.