Insider Selling: DNP Select Income Fund Inc. (NYSE:DNP) Director Sells 11,391 Shares of Stock

DNP Select Income Fund Inc. (NYSE:DNP) Director Geraldine M. Mcnamara sold 11,391 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total value of $107,189.31. Following the sale, the director now 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 Securities & Exchange Commission, which is available through this link.

DNP Select Income Fund Trading Up 0.1 %

NYSE:DNP opened at $9.46 on Friday. DNP Select Income Fund Inc. has a 52 week low of $8.02 and a 52 week high of $10.04. The company has a fifty day moving average of $9.23 and a 200 day moving average of $9.41.

DNP Select Income Fund Announces Dividend

The company also recently announced 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%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DNP. Creative Planning grew its position in shares of DNP Select Income Fund by 93.8% in the 3rd quarter. Creative Planning now owns 148,984 shares of the investment management company’s stock worth $1,496,000 after buying an additional 72,100 shares during the last quarter. Raymond James & Associates increased its position in DNP Select Income Fund by 4.9% during the 3rd quarter. Raymond James & Associates now owns 565,350 shares of the investment management company’s stock valued at $5,676,000 after purchasing an additional 26,351 shares during the period. Calton & Associates Inc. bought a new position in DNP Select Income Fund in the 3rd quarter worth $328,000. PFG Investments LLC lifted its position in shares of DNP Select Income Fund by 12.8% in the 3rd quarter. PFG Investments LLC now owns 52,485 shares of the investment management company’s stock worth $527,000 after purchasing an additional 5,951 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its stake in shares of DNP Select Income Fund by 43.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 621,270 shares of the investment management company’s stock valued at $6,238,000 after purchasing an additional 187,939 shares in the last quarter. Hedge funds and other institutional investors own 8.51% of the company’s stock.

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.