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HOUSTON—James C. Baker, President of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN), recently increased his stake in the company with a significant purchase of common stock. The timing is notable as the stock has declined nearly 12% over the past week, with InvestingPro data showing RSI indicators suggesting oversold territory. On April 4, 2025, Baker acquired 25,000 shares at a price of $11.41 per share, amounting to a total transaction value of $285,250.
In addition to this purchase, Baker also received 15,101 shares through an in-kind distribution from Kayne Anderson Capital Advisors, L.P. This distribution was valued at $12.85 per share, based on a volume-weighted average price for the last 10 trading days of March, totaling $194,047. The $1.82 billion market cap fund currently offers an attractive 8.49% dividend yield.
Following these transactions, Baker's total direct ownership in the company increased to 761,040 shares. These moves reflect Baker's continued confidence in the prospects of Kayne Anderson Energy Infrastructure Fund, a company primarily focused on investing in energy infrastructure assets. For deeper insights into insider trading patterns and 8 additional key metrics, visit InvestingPro.
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