Here's Why Shares Of EnLink Midstream Surged On Tuesday

January 26, 2016 2:12 PM | 1 min read | Make a Comment

Shares of

EnLink Midstream LLCENLC

, a limited liability company whose assets consist of equity interests in EnLink Midstream Partners and Enlink Midstream Holdings, surged on Tuesday after Chickasaw Capital Management

disclosed a new 5.8 percent stake in the company. investment management firm whose portfolio managers average 20 years of MLP experience. According to a 13G filing, Chickasaw Capital Management acquired a 5.8 percent stake in EnLink Midsteam and owns more than 9.5 million shares. Shares of EnLink Midstream were trading higher by more than 8 percent at $12.83 by mid-Tuesday afternoon. However, the stock is also lower by more than 60 percent over the past year.

Market News and Data brought to you by Benzinga APIs

Posted In: Hedge Funds General Chickasaw Capital Management EnLink Midstream Midstream Oil

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!