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

CUSHING RENAISS/COM (NYSE:SZC) shares are scheduled to reverse split on 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.

CUSHING RENAISS/COM stock traded up $0.17 during midday trading on Wednesday, reaching $7.80. The company’s stock had a trading volume of 160,900 shares, compared to its average volume of 99,134. CUSHING RENAISS/COM has a fifty-two week low of $3.24 and a fifty-two week high of $15.21. The business has a 50-day simple moving average of $7.19 and a 200-day simple moving average of $10.33.

The firm 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. This represents a $0.64 dividend on an annualized basis and a yield of 8.20%. The ex-dividend date is Friday, June 12th.

A number of institutional investors have recently bought and sold shares of the business. Twin Focus Capital Partners LLC purchased a new position in shares of CUSHING RENAISS/COM during the first quarter worth about $121,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of CUSHING RENAISS/COM by 23.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 27,696 shares of the investment management company’s stock worth $168,000 after purchasing an additional 5,251 shares during the last quarter. Matisse Capital purchased a new position in shares of CUSHING RENAISS/COM during the first quarter worth about $170,000. UBS Group AG grew its holdings in shares of CUSHING RENAISS/COM by 14.1% during the fourth quarter. UBS Group AG now owns 31,501 shares of the investment management company’s stock worth $427,000 after purchasing an additional 3,902 shares during the last quarter. Finally, Credit Suisse AG purchased a new position in shares of CUSHING RENAISS/COM during the fourth quarter worth about $494,000.

CUSHING RENAISS/COM Company Profile

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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