Special Opportunities Fund Inc. (NYSE:SPE) Insider Buys $30,200.00 in Stock

Special Opportunities Fund Inc. (NYSE:SPE) insider Gerald Hellerman purchased 2,000 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were purchased at an average cost of $15.10 per share, with a total value of $30,200.00. Following the transaction, the insider now directly owns 13,899 shares in the company, valued at $209,874.90. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Special Opportunities Fund Inc. (SPE) traded up $0.03 during midday trading on Monday, reaching $15.40. 4,200 shares of the company’s stock traded hands, compared to its average volume of 15,500. Special Opportunities Fund Inc. has a 1-year low of $13.79 and a 1-year high of $16.20.

The business also recently disclosed an annual dividend, which was paid on Friday, December 29th. Shareholders of record on Tuesday, December 19th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 18th. This represents a yield of 1.24%.

A hedge fund recently raised its stake in Special Opportunities Fund stock. Sit Investment Associates Inc. boosted its position in shares of Special Opportunities Fund Inc. (NYSE:SPE) by 2.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 462,206 shares of the closed-end fund’s stock after purchasing an additional 13,006 shares during the quarter. Sit Investment Associates Inc. owned about 5.43% of Special Opportunities Fund worth $6,878,000 at the end of the most recent reporting period. 45.18% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on SPE. Scotiabank restated a “buy” rating and issued a $11.25 price objective on shares of Special Opportunities Fund in a report on Tuesday, October 10th. Canaccord Genuity restated a “hold” rating and issued a $7.00 price objective on shares of Special Opportunities Fund in a report on Thursday, October 12th.

COPYRIGHT VIOLATION WARNING: “Special Opportunities Fund Inc. (NYSE:SPE) Insider Buys $30,200.00 in Stock” was first posted by BBNS and is the sole property of of BBNS. If you are viewing this report on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this report can be viewed at https://baseballnewssource.com/markets/special-opportunities-fund-inc-spe-insider-gerald-hellerman-purchases-2000-shares/1818599.html.

About Special Opportunities Fund

Special Opportunities Fund, Inc (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to achieve total return. The Fund’s investment portfolio consists of investment companies, common stocks, commodity partnerships, preferred stocks, money market funds, corporate notes, liquidating trusts, corporate bonds, promissory notes, senior unsecured notes, warrants and rights.

Receive News & Ratings for Special Opportunities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Special Opportunities Fund and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets


Leave a Reply

 
© 2006-2018 BBNS.