OMERS ADMINISTRATION Corp Makes New $382,000 Investment in Summit Midstream Corporation (NYSE:SMC)

OMERS ADMINISTRATION Corp purchased a new position in Summit Midstream Corporation (NYSE:SMC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,100 shares of the company's stock, valued at approximately $382,000. OMERS ADMINISTRATION Corp owned about 0.09% of Summit Midstream at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership bought a new stake in Summit Midstream during the 4th quarter valued at $3,829,000. Graham Capital Wealth Management LLC acquired a new position in shares of Summit Midstream during the 4th quarter valued at $3,061,000. Eagle Global Advisors LLC increased its position in shares of Summit Midstream by 131.7% during the 4th quarter. Eagle Global Advisors LLC now owns 73,962 shares of the company's stock valued at $2,794,000 after purchasing an additional 42,035 shares during the period. Bridgeway Capital Management LLC acquired a new position in shares of Summit Midstream during the 4th quarter valued at $2,321,000. Finally, Rangeley Capital LLC acquired a new position in shares of Summit Midstream during the 4th quarter valued at $2,183,000. Institutional investors own 42.97% of the company's stock.

Insiders Place Their Bets

In other news, CEO J Heath Deneke sold 1,000 shares of Summit Midstream stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $41.96, for a total value of $41,960.00. Following the transaction, the chief executive officer now directly owns 243,326 shares in the company, valued at approximately $10,209,958.96. The trade was a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 15,052 shares of company stock valued at $586,956 over the last quarter. Insiders own 37.80% of the company's stock.

Summit Midstream Price Performance

Shares of NYSE SMC traded up $0.22 during mid-day trading on Thursday, reaching $26.91. The company had a trading volume of 74,616 shares, compared to its average volume of 82,412. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.20. The stock has a market cap of $501.64 million, a PE ratio of -2.10 and a beta of 1.17. The company has a 50-day moving average price of $30.32 and a two-hundred day moving average price of $35.93. Summit Midstream Corporation has a 1-year low of $25.00 and a 1-year high of $45.89.

Summit Midstream (NYSE:SMC - Get Free Report) last issued its quarterly earnings results on Friday, March 21st. The company reported ($2.40) earnings per share for the quarter. Summit Midstream had a negative net margin of 23.01% and a positive return on equity of 0.71%. During the same period in the previous year, the company posted ($2.12) EPS.

Summit Midstream Profile

Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. It operates natural gas, crude oil, and produced water gathering systems in four unconventional resource basins, including the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations; the Denver-Julesburg Basin that consists of the Niobrara and Codell shale formations in Colorado and Wyoming; the Fort Worth Basin in Texas, which comprises the Barnett Shale formation; and the Piceance Basin in Colorado, which includes the Mesaverde formation, as well as the emerging Mancos and Niobrara Shale formations.