Key Points
- Insider buying: VP John Yogi Spence purchased 1,000 XFLT shares at $16.50 each, increasing his holdings to 115,357 shares. He also bought 2,000 shares two days earlier at an average price of $17.07.
- Dividend: XFLT declared a monthly dividend of $0.225 per share, equivalent to $2.70 annually and a 16.4% yield. The trust’s reported payout ratio is 502.3%.
- Stock performance and institutional activity: XFLT opened at $16.46, compared with 50-day and 200-day moving averages of $18.99 and $18.78, respectively. CoreCap Advisors initiated a 2,916-share position valued at approximately $51,000.
XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT - Get Free Report) VP John Spence bought 1,000 shares of the business's stock in a transaction dated Friday, October 23rd. The stock was bought at an average price of $16.50 per share, for a total transaction of $16,500.00. Following the purchase, the vice president owned 115,357 shares in the company, valued at approximately $1,903,390.50. This represents a 0.87% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
John Yogi Spence also recently made the following trade(s):
- On Wednesday, October 21st, John Spence bought 2,000 shares of XAI Octagon Floating Rate & Alternative Income Trust stock. The stock was bought at an average price of $17.07 per share, with a total value of $34,140.00.
XAI Octagon Floating Rate & Alternative Income Trust Stock Up 0.1%
XFLT stock opened at $16.46 on Tuesday. The firm's 50-day simple moving average is $18.99 and its 200 day simple moving average is $18.78. XAI Octagon Floating Rate & Alternative Income Trust has a fifty-two week low of $14.92 and a fifty-two week high of $25.10.
XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a $0.2250 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 16.4%. The ex-dividend date of this dividend is Thursday, October 15th. XAI Octagon Floating Rate & Alternative Income Trust's payout ratio is currently 502.30%.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in XAI Octagon Floating Rate & Alternative Income Trust stock. CoreCap Advisors LLC acquired a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,916 shares of the company's stock, valued at approximately $51,000.
XAI Octagon Floating Rate & Alternative Income Trust Company Profile
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Get Free Report)
XAI Octagon Floating Rate & Alternative Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol XFLT. The fund seeks to provide current income and, to a lesser extent, capital appreciation by investing in a portfolio of floating-rate and alternative credit instruments.
The trust primarily invests in collateralized loan obligation (CLO) securities, including CLO debt and equity tranches, as well as senior secured loans and other floating-rate debt securities.
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