Selz Capital Lowers stake in OCI Partners LP (OCIP)

OCI Partners LP (OCIP) : Selz Capital reduced its stake in OCI Partners LP by 2.38% during the most recent quarter end. The investment management company now holds a total of 145,000 shares of OCI Partners LP which is valued at $1,081,700 after selling 3,533 shares in OCI Partners LP , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.OCI Partners LP makes up approximately 0.30% of Selz Capital’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in OCIP in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 1,151 shares of OCI Partners LP which is valued at $8,644.

OCI Partners LP opened for trading at $7.49 and hit $7.65 on the upside on Wednesday, eventually ending the session at $7.55, with a gain of 1.07% or 0.08 points. The heightened volatility saw the trading volume jump to 15,631 shares. Company has a market cap of $657 M.

OCI Partners LP is an owner and operator of an integrated methanol and ammonia production facility that is located on the Texas Gulf Coast near Beaumont. The Company is a methanol producer in the United States with an annual methanol production capacity of approximately 730000 metric tons. It has a maximum annual ammonia production capacity of approximately 265000 metric tons. The Company purchases natural gas from third parties and processes the natural gas into synthesis gas which it then further processes in the production of methanol and ammonia. The Company stores and sells the processed methanol and ammonia to industrial and commercial customers for further processing or distribution.

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