Hodges Capital Management buys $42.3 Million stake in EnLink Midstream LLC (ENLC)

EnLink Midstream LLC (ENLC) : Hodges Capital Management scooped up 952,904 additional shares in EnLink Midstream LLC during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 26, 2016. The investment management firm now holds a total of 2,723,029 shares of EnLink Midstream LLC which is valued at $42.3 Million.EnLink Midstream LLC makes up approximately 1.93% of Hodges Capital Management’s portfolio.

Other Hedge Funds, Including , Pinnacle Holdings boosted its stake in ENLC in the latest quarter, The investment management firm added 2,563 additional shares and now holds a total of 58,701 shares of EnLink Midstream LLC which is valued at $895,190. EnLink Midstream LLC makes up approx 0.48% of Pinnacle Holdings’s portfolio.Raymond James Financial Services Advisors boosted its stake in ENLC in the latest quarter, The investment management firm added 4,243 additional shares and now holds a total of 27,180 shares of EnLink Midstream LLC which is valued at $414,495.Credit Suisse Ag boosted its stake in ENLC in the latest quarter, The investment management firm added 427,815 additional shares and now holds a total of 664,630 shares of EnLink Midstream LLC which is valued at $10.1 Million. EnLink Midstream LLC makes up approx 0.01% of Credit Suisse Ag’s portfolio. Hbk Investments L P added ENLC to its portfolio by purchasing 54,132 company shares during the most recent quarter which is valued at $744,315. EnLink Midstream LLC makes up approx 0.02% of Hbk Investments L P’s portfolio.Sg Americas Securities boosted its stake in ENLC in the latest quarter, The investment management firm added 1,411 additional shares and now holds a total of 19,199 shares of EnLink Midstream LLC which is valued at $263,986.

EnLink Midstream LLC opened for trading at $15.52 and hit $16.46 on the upside on Wednesday, eventually ending the session at $16.34, with a gain of 4.28% or 0.67 points. The heightened volatility saw the trading volume jump to 5,48,654 shares. Company has a market cap of $2,942 M.

Many Wall Street Analysts have commented on EnLink Midstream LLC. EnLink Midstream LLC was Downgraded by Credit Suisse to ” Neutral” on Mar 17, 2016.

Enlink Midstream LLC is a limited liability company. The Company’s assets consist of equity interests in EnLink Midstream Partners LP (Partnership) and EnLink Midstream Holdings LP (Midstream Holdings). The Partnership is a publicly traded limited partnership engaged in the gathering transmission processing and marketing of natural gas and natural gas liquids (NGLs) condensate and crude oil as well as providing crude oil condensate and brine services to producers. Midstream Holdings is engaged in the gathering transmission and processing of natural gas. The Company has approximately 17431152 common units representing an aggregate 7% limited partner interest in the Partnership. As of December 31 2014 the Company also has 100% ownership interest in EnLink Midstream Partners GP LLC which is the general partner of the Partnership. The Company also had 25% limited partner interest in Midstream Holdings as of February 17 2015.

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