Key Points
- Andrew Dakos, CEO of Total Return Securities (NYSE:SWZ), bought 1,700 shares on March 11 at $6.00 each, bringing his holdings to 63,795 shares worth about $382,770 (a 2.74% increase in his position).
- The CEO has been consistently buying since early February, acquiring roughly 52,524 shares across multiple trades between Feb. 3 and Mar. 12 at about $6 per share, signaling sustained insider confidence.
Total Return Securities, Inc. (NYSE:SWZ - Get Free Report) CEO Andrew Dakos bought 1,700 shares of the firm's stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average cost of $6.00 per share, for a total transaction of $10,200.00. Following the purchase, the chief executive officer owned 63,795 shares in the company, valued at $382,770. This represents a 2.74% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Andrew Dakos also recently made the following trade(s):
- On Thursday, March 12th, Andrew Dakos bought 3,324 shares of Total Return Securities stock. The stock was purchased at an average cost of $6.00 per share, with a total value of $19,944.00.
- On Friday, March 6th, Andrew Dakos bought 12,500 shares of Total Return Securities stock. The stock was purchased at an average cost of $5.97 per share, with a total value of $74,625.00.
- On Thursday, March 5th, Andrew Dakos purchased 12,000 shares of Total Return Securities stock. The shares were acquired at an average price of $6.01 per share, for a total transaction of $72,120.00.
- On Friday, February 27th, Andrew Dakos purchased 2,000 shares of Total Return Securities stock. The shares were acquired at an average cost of $6.20 per share, for a total transaction of $12,400.00.
- On Thursday, February 26th, Andrew Dakos acquired 5,000 shares of Total Return Securities stock. The stock was acquired at an average cost of $6.17 per share, with a total value of $30,850.00.
- On Wednesday, February 4th, Andrew Dakos acquired 6,000 shares of Total Return Securities stock. The stock was acquired at an average cost of $6.03 per share, with a total value of $36,180.00.
- On Tuesday, February 3rd, Andrew Dakos acquired 10,000 shares of Total Return Securities stock. The stock was acquired at an average price of $5.97 per share, with a total value of $59,700.00.
Total Return Securities Stock Down 0.5%
Shares of SWZ opened at $5.98 on Friday. Total Return Securities, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $9.43. The firm's 50 day moving average price is $6.10 and its 200 day moving average price is $6.08.
Hedge Funds Weigh In On Total Return Securities
Several institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in shares of Total Return Securities during the second quarter worth $55,000. Marex Group plc purchased a new position in Total Return Securities in the fourth quarter valued at $62,000. Private Management Group Inc. acquired a new position in Total Return Securities during the 2nd quarter worth $67,000. Capital Investment Counsel Inc acquired a new position in Total Return Securities during the 4th quarter worth $93,000. Finally, TrueMark Investments LLC purchased a new stake in Total Return Securities during the 4th quarter worth about $95,000. Institutional investors and hedge funds own 41.12% of the company's stock.
Total Return Securities Company Profile
(
Get Free Report)
Total Return Securities (NYSE:SWZ) is a closed-end management investment company listed on the New York Stock Exchange. The fund seeks to deliver a high total return for shareholders by combining capital appreciation with current income. It provides access to a diversified portfolio of equity and fixed-income securities spanning multiple industries and regions.
SWZ's investment strategy typically blends dividend-paying common stocks, corporate bonds and other credit instruments. The fund may employ moderate leverage to enhance returns and pursues an active management approach, dynamically adjusting its allocations in response to evolving market conditions.
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