CUSHING RENAISS/COM (NYSE:SZC) Shares Scheduled to Reverse Split on Monday, June 15th

CUSHING RENAISS/COM (NYSE:SZC)’s stock is set to reverse split on the morning of Monday, June 15th. The 1-4 reverse split was announced on Tuesday, June 2nd. The number of shares owned by shareholders will be adjusted after the market closes on Friday, June 12th.

NYSE:SZC traded up $0.17 during mid-day trading on Wednesday, hitting $7.80. The stock had a trading volume of 160,900 shares, compared to its average volume of 99,135. CUSHING RENAISS/COM has a 52 week low of $3.24 and a 52 week high of $15.21. The company has a 50 day simple moving average of $7.19 and a 200-day simple moving average of $10.33.

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.0533 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.64 annualized dividend and a dividend yield of 8.20%.

A number of institutional investors have recently made changes to their positions in SZC. Mariner Investment Group LLC acquired a new position in CUSHING RENAISS/COM during the 4th quarter worth $667,000. Envestnet Asset Management Inc. acquired a new stake in shares of CUSHING RENAISS/COM during the 4th quarter worth about $622,000. Credit Suisse AG bought a new position in CUSHING RENAISS/COM during the 4th quarter valued at about $494,000. UBS Group AG lifted its holdings in CUSHING RENAISS/COM by 14.1% during the 4th quarter. UBS Group AG now owns 31,501 shares of the investment management company’s stock valued at $427,000 after purchasing an additional 3,902 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in CUSHING RENAISS/COM by 7.0% in the fourth quarter. Advisors Asset Management Inc. now owns 326,022 shares of the investment management company’s stock valued at $128,682,000 after buying an additional 21,279 shares in the last quarter.

About CUSHING RENAISS/COM

The Cushing Renaissance Fund is a closed ended equity mutual fund launched and managed by Cushing MLP Asset Management, LP. The fund invests in stocks of companies across the energy supply chain spectrum, including upstream, midstream and downstream energy companies, as well as oil and gas services and logistics companies, energy-intensive chemical, metal and industrial and manufacturing companies and engineering and construction companies.

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