Insider Selling: DNP Select Income Fund Inc. (NYSE:DNP) Director Sells $107,189.31 in Stock

DNP Select Income Fund Inc. (NYSE:DNP) Director Geraldine M. Mcnamara sold 11,391 shares of the firm’s 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 completion of the sale, the director now directly owns 5,344 shares in the company, valued at $50,287.04. This trade represents a 68.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

DNP Select Income Fund Trading Up 0.1 %

DNP Select Income Fund stock opened at $9.46 on Friday. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.04. The stock has a 50-day moving average price of $9.23 and a two-hundred day moving average price of $9.41.

DNP Select Income Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were given a $0.065 dividend. The ex-dividend date was Friday, January 31st. This represents a yield of 8.24%.

Hedge Funds Weigh In On DNP Select Income Fund

Several large investors have recently bought and sold shares of DNP. EverSource Wealth Advisors LLC raised its position in shares of DNP Select Income Fund by 10.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 11,995 shares of the investment management company’s stock worth $106,000 after acquiring an additional 1,110 shares during the last quarter. Kovack Advisors Inc. increased its holdings in DNP Select Income Fund by 2.4% in the fourth quarter. Kovack Advisors Inc. now owns 50,329 shares of the investment management company’s stock worth $444,000 after purchasing an additional 1,184 shares in the last quarter. CreativeOne Wealth LLC grew its stake in DNP Select Income Fund by 6.4% in the fourth quarter. CreativeOne Wealth LLC now owns 20,204 shares of the investment management company’s stock valued at $178,000 after acquiring an additional 1,210 shares during the period. Tortoise Investment Management LLC grew its stake in DNP Select Income Fund by 2.0% in the fourth quarter. Tortoise Investment Management LLC now owns 61,439 shares of the investment management company’s stock valued at $542,000 after acquiring an additional 1,220 shares during the period. Finally, GPS Wealth Strategies Group LLC grew its stake in DNP Select Income Fund by 11.4% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 12,000 shares of the investment management company’s stock valued at $106,000 after acquiring an additional 1,225 shares during the period. 8.51% of the stock is currently owned by institutional investors.

About DNP Select Income Fund

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.