Key Points
- CEO Andrew Dakos bought 5,500 shares of Total Return Securities at an average price of $5.99, spending $32,945 and lifting his holdings to 126,000 shares.
- The purchase increased Dakos’s ownership by 4.56%, and the filing highlights a pattern of repeated insider buying in recent weeks.
- Total Return Securities stock opened at $6.02, trading near its 52-week range of $5.84 to $6.43, while institutional investors hold about 41.12% of the company’s stock.
Total Return Securities, Inc. (NYSE:SWZ - Get Free Report) CEO Andrew Dakos bought 5,500 shares of the business's stock in a transaction that occurred on Thursday, May 28th. The shares were acquired at an average price of $5.99 per share, for a total transaction of $32,945.00. Following the completion of the transaction, the chief executive officer owned 126,000 shares in the company, valued at $754,740. This trade represents a 4.56% increase in their ownership of the stock. The purchase 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 Wednesday, May 27th, Andrew Dakos bought 7,500 shares of Total Return Securities stock. The shares were acquired at an average price of $5.97 per share, for a total transaction of $44,775.00.
- On Friday, April 17th, Andrew Dakos bought 3,000 shares of Total Return Securities stock. The shares were acquired at an average price of $6.09 per share, for a total transaction of $18,270.00.
- On Thursday, April 16th, Andrew Dakos purchased 7,718 shares of Total Return Securities stock. The shares were purchased at an average price of $6.06 per share, with a total value of $46,771.08.
- On Thursday, April 16th, Andrew Dakos purchased 547 shares of Total Return Securities stock. The shares were purchased at an average price of $6.04 per share, with a total value of $3,303.88.
- On Wednesday, April 8th, Andrew Dakos purchased 4,000 shares of Total Return Securities stock. The shares were purchased at an average price of $5.97 per share, with a total value of $23,880.00.
- On Tuesday, April 7th, Andrew Dakos purchased 2,000 shares of Total Return Securities stock. The shares were purchased at an average price of $5.95 per share, with a total value of $11,900.00.
- On Monday, April 6th, Andrew Dakos purchased 100 shares of Total Return Securities stock. The shares were purchased at an average price of $5.95 per share, with a total value of $595.00.
- On Thursday, April 2nd, Andrew Dakos purchased 4,863 shares of Total Return Securities stock. The shares were purchased at an average price of $5.93 per share, with a total value of $28,837.59.
- On Thursday, March 12th, Andrew Dakos purchased 3,324 shares of Total Return Securities stock. The shares were purchased at an average price of $6.00 per share, with a total value of $19,944.00.
- On Wednesday, March 11th, Andrew Dakos purchased 1,700 shares of Total Return Securities stock. The shares were purchased at an average price of $6.00 per share, with a total value of $10,200.00.
Total Return Securities Stock Performance
Total Return Securities stock opened at $6.02 on Friday. Total Return Securities, Inc. has a 52-week low of $5.84 and a 52-week high of $6.43. The firm has a 50 day moving average price of $6.00 and a two-hundred day moving average price of $6.07.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in Total Return Securities during the 2nd quarter worth approximately $55,000. Marex Group plc bought a new stake in shares of Total Return Securities in the 4th quarter valued at $62,000. Bank of America Corp DE increased its stake in shares of Total Return Securities by 375.2% in the 4th quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund's stock valued at $102,000 after acquiring an additional 10,795 shares in the last quarter. Capital Investment Counsel Inc bought a new stake in shares of Total Return Securities in the 4th quarter valued at $93,000. Finally, TrueMark Investments LLC bought a new stake in shares of Total Return Securities in the 4th quarter valued at $95,000. Institutional investors 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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