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%.
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.
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.
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