Beach Point Capital Management LP Buys PGIM Short Duration High Yield Fund Inc, Eaton Vance Duration Income Fund, Cumulus Media Inc, Sells Zayo Group Holdings Inc, Caesars Entertainment Corp, EQT Corp

Santa Monica, CA, based Investment company Beach Point Capital Management LP (Current Portfolio) buys PGIM Short Duration High Yield Fund Inc, Eaton Vance Duration Income Fund, Cumulus Media Inc, Invesco Senior Income Trust, Highland Floating Rate Opportunities Fund, sells Zayo Group Holdings Inc, Caesars Entertainment Corp, EQT Corp, Blackrock CA Muni Income Tr, Marvell Technology Group during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Beach Point Capital Management LP. As of 2019Q2, Beach Point Capital Management LP owns 25 stocks with a total value of $371 million. These are the details of the buys and sells.

For the details of Beach Point Capital Management LP's stock buys and sells, go to https://www.gurufocus.com/guru/beach+point+capital+management+lp/current-portfolio/portfolioportfolio

These are the top 5 holdings of Beach Point Capital Management LP
  1. FS KKR Capital Corp (FSK) - 19,351,147 shares, 31.07% of the total portfolio. Shares added by 18.13%
  2. Sinclair Broadcast Group Inc (SBGI) - 569,376 shares, 8.23% of the total portfolio. Shares reduced by 13.08%
  3. MGM Resorts International (MGM) - 958,234 shares, 7.37% of the total portfolio. Shares added by 17.59%
  4. BlackRock Corporate High Yield Fund Inc (HYT) - 1,952,832 shares, 5.64% of the total portfolio. Shares reduced by 9%
  5. AAR Corp (AIR) - 562,826 shares, 5.58% of the total portfolio.
Added: PGIM Short Duration High Yield Fund Inc (ISD)

Beach Point Capital Management LP added to a holding in PGIM Short Duration High Yield Fund Inc by 45.45%. The purchase prices were between $13.83 and $14.63, with an estimated average price of $14.34. The stock is now traded at around $14.35. The impact to a portfolio due to this purchase was 0.87%. The holding were 710,525 shares as of .

Added: Eaton Vance Ltd Duration Income Fund (EVV)

Beach Point Capital Management LP added to a holding in Eaton Vance Ltd Duration Income Fund by 33.07%. The purchase prices were between $12.48 and $12.84, with an estimated average price of $12.64. The stock is now traded at around $12.63. The impact to a portfolio due to this purchase was 0.79%. The holding were 934,309 shares as of .

Added: Invesco Senior Income Trust (VVR)

Beach Point Capital Management LP added to a holding in Invesco Senior Income Trust by 60.70%. The purchase prices were between $4.14 and $4.35, with an estimated average price of $4.27. The stock is now traded at around $4.20. The impact to a portfolio due to this purchase was 0.66%. The holding were 1,495,303 shares as of .

Added: Cumulus Media Inc (CMLS)

Beach Point Capital Management LP added to a holding in Cumulus Media Inc by 24.98%. The purchase prices were between $15.45 and $18.7, with an estimated average price of $17.51. The stock is now traded at around $12.60. The impact to a portfolio due to this purchase was 0.66%. The holding were 660,376 shares as of .

Added: Highland Floating Rate Opportunities Fund (HFRO)

Beach Point Capital Management LP added to a holding in Highland Floating Rate Opportunities Fund by 47.52%. The purchase prices were between $13.29 and $13.84, with an estimated average price of $13.5. The stock is now traded at around $13.25. The impact to a portfolio due to this purchase was 0.6%. The holding were 502,008 shares as of .

Added: Voya Prime Rate Trust (PPR)

Beach Point Capital Management LP added to a holding in Voya Prime Rate Trust by 62.63%. The purchase prices were between $4.71 and $4.89, with an estimated average price of $4.8. The stock is now traded at around $4.78. The impact to a portfolio due to this purchase was 0.58%. The holding were 1,181,494 shares as of .

Sold Out: Zayo Group Holdings Inc (ZAYO)

Beach Point Capital Management LP sold out a holding in Zayo Group Holdings Inc. The sale prices were between $27.99 and $33.14, with an estimated average price of $31.92.

Sold Out: Caesars Entertainment Corp (CZR)

Beach Point Capital Management LP sold out a holding in Caesars Entertainment Corp. The sale prices were between $8.61 and $11.82, with an estimated average price of $9.47.

Sold Out: EQT Corp (EQT)

Beach Point Capital Management LP sold out a holding in EQT Corp. The sale prices were between $14.39 and $21.73, with an estimated average price of $19.21.

Sold Out: Blackrock CA Muni Income Tr (BFZ)

Beach Point Capital Management LP sold out a holding in Blackrock CA Muni Income Tr. The sale prices were between $12.84 and $13.26, with an estimated average price of $13.06.

Sold Out: Blackstone / GSO Strategic Credit Fund (BGB)

Beach Point Capital Management LP sold out a holding in Blackstone / GSO Strategic Credit Fund. The sale prices were between $14.22 and $14.67, with an estimated average price of $14.51.

Sold Out: Nuveen California AMT-Free Quality Municipal Incom (NKX)

Beach Point Capital Management LP sold out a holding in Nuveen California AMT-Free Quality Municipal Incom. The sale prices were between $13.87 and $14.6, with an estimated average price of $14.2.



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