DNP Select Income Fund Inc. (NYSE:DNP) CEO David D. Jr. Grumhaus Purchases 2,000 Shares

Posted by Faye Duncan on Nov 28th, 2024

DNP Select Income Fund Inc. (NYSE:DNP – Get Free Report) CEO David D. Jr. Grumhaus bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were acquired at an average cost of $9.60 per share, with a total value of $19,200.00. Following the purchase, the chief executive officer now directly owns 8,361 shares of the company’s stock, valued at $80,265.60. This trade represents a 31.44 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

DNP Select Income Fund Stock Performance

DNP Select Income Fund stock opened at $9.65 on Thursday. DNP Select Income Fund Inc. has a 52-week low of $8.02 and a 52-week high of $10.04. The stock’s 50 day moving average price is $9.60 and its two-hundred day moving average price is $9.09.

DNP Select Income Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, November 12th. Investors of record on Friday, November 1st were paid a dividend of $0.065 per share. This represents a yield of 8.15%. The ex-dividend date was Thursday, October 31st.

Institutional Investors Weigh In On DNP Select Income Fund

A number of large investors have recently bought and sold shares of DNP. Safe Harbor Fiduciary LLC acquired a new position in shares of DNP Select Income Fund during the third quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in DNP Select Income Fund in the 3rd quarter valued at about $44,000. EdgeRock Capital LLC acquired a new position in DNP Select Income Fund during the 2nd quarter worth approximately $49,000. Future Financial Wealth Managment LLC bought a new position in DNP Select Income Fund in the third quarter worth approximately $50,000. Finally, Larson Financial Group LLC acquired a new stake in DNP Select Income Fund in the third quarter valued at approximately $54,000. 8.51% of the stock is currently owned by institutional investors and hedge funds.

About DNP Select Income Fund

(Get Free Report)

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.