Bank of Montreal Can lifted its position in American Midstream Partners LP (NYSE:AMID) by 240.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,000 shares of the pipeline company’s stock after purchasing an additional 60,000 shares during the quarter. Bank of Montreal Can owned about 0.12% of American Midstream Partners worth $867,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its position in shares of American Midstream Partners by 80.4% during the 1st quarter. Wells Fargo & Company MN now owns 106,788 shares of the pipeline company’s stock worth $1,153,000 after purchasing an additional 47,589 shares in the last quarter. Intrinsic Edge Capital Management LLC boosted its position in shares of American Midstream Partners by 68.8% during the 1st quarter. Intrinsic Edge Capital Management LLC now owns 191,431 shares of the pipeline company’s stock worth $2,067,000 after purchasing an additional 78,027 shares in the last quarter. Cannell Peter B & Co. Inc. boosted its position in shares of American Midstream Partners by 78.4% during the 1st quarter. Cannell Peter B & Co. Inc. now owns 61,200 shares of the pipeline company’s stock worth $661,000 after purchasing an additional 26,900 shares in the last quarter. UBS Group AG boosted its position in shares of American Midstream Partners by 25.8% during the 1st quarter. UBS Group AG now owns 849,407 shares of the pipeline company’s stock worth $9,174,000 after purchasing an additional 173,973 shares in the last quarter. Finally, Aspen Investment Management Inc bought a new position in shares of American Midstream Partners during the 1st quarter worth about $166,000. 42.91% of the stock is owned by hedge funds and other institutional investors.

In other American Midstream Partners news, insider Arclight Energy Partners Fund purchased 597,728 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The shares were acquired at an average price of $6.16 per share, with a total value of $3,682,004.48. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 5.40% of the stock is currently owned by company insiders.

A number of equities analysts have recently issued reports on AMID shares. UBS Group cut shares of American Midstream Partners from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $16.00 to $11.00 in a research report on Monday, April 30th. ValuEngine raised shares of American Midstream Partners from a “strong sell” rating to a “sell” rating in a research report on Monday, May 14th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $14.00.

AMID stock opened at $6.40 on Monday. American Midstream Partners LP has a 1 year low of $5.30 and a 1 year high of $15.25. The company has a quick ratio of 1.64, a current ratio of 1.66 and a debt-to-equity ratio of 8.30.

American Midstream Partners (NYSE:AMID) last announced its quarterly earnings results on Thursday, August 9th. The pipeline company reported ($0.48) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.24). American Midstream Partners had a negative net margin of 13.56% and a negative return on equity of 57.25%. The business had revenue of $220.22 million during the quarter.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 14th. Investors of record on Monday, August 6th were given a $0.1031 dividend. The ex-dividend date was Friday, August 3rd. This represents a $0.41 annualized dividend and a yield of 6.44%.

American Midstream Partners Company Profile

American Midstream Partners, LP provides midstream infrastructure that links the producers of natural gas, crude oil, natural gas liquids (NGLs), condensate, and specialty chemicals to various intermediate and end-use markets in the United States and Mexico. Its Gas Gathering and Processing Services segment offers services to producers of natural gas and crude oil, including transporting raw natural gas and crude oil from various receipt points through gathering systems, treating the raw natural gas, processing raw natural gas to separate the NGLs from the natural gas, fractionating NGLs, and selling or delivering pipeline-quality natural gas and NGLs.

Recommended Story: Understanding Average Daily Trade Volume

Want to see what other hedge funds are holding AMID? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Midstream Partners LP (NYSE:AMID).

Institutional Ownership by Quarter for American Midstream Partners (NYSE:AMID)

Receive News & Ratings for American Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.