Insider Buying: Special Opportunities Fund, Inc. (SPE) Insider Acquires 1,500 Shares of Stock

Special Opportunities Fund, Inc. (NYSE:SPE) insider Gerald Hellerman purchased 1,500 shares of Special Opportunities Fund stock in a transaction dated Thursday, May 23rd. The shares were purchased at an average cost of $13.31 per share, for a total transaction of $19,965.00. Following the completion of the transaction, the insider now owns 26,992 shares of the company’s stock, valued at $359,263.52. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of NYSE SPE traded up $0.01 during midday trading on Friday, reaching $13.35. 10,433 shares of the stock were exchanged, compared to its average volume of 18,491. Special Opportunities Fund, Inc. has a 12 month low of $11.22 and a 12 month high of $15.40.

The company also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th were given a dividend of $0.076 per share. The ex-dividend date was Monday, April 15th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 6.83%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Calton & Associates Inc. bought a new stake in Special Opportunities Fund in the 1st quarter valued at $144,000. Segall Bryant & Hamill LLC bought a new stake in Special Opportunities Fund in the 4th quarter valued at $160,000. Finally, Scotia Capital Inc. lifted its position in Special Opportunities Fund by 23.3% in the 4th quarter. Scotia Capital Inc. now owns 26,688 shares of the closed-end fund’s stock valued at $316,000 after acquiring an additional 5,045 shares in the last quarter. 47.03% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Insider Buying: Special Opportunities Fund, Inc. (SPE) Insider Acquires 1,500 Shares of Stock” was first published by Dakota Financial News and is owned by of Dakota Financial News. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at

Special Opportunities Fund Company Profile

Special Opportunities Fund, Inc is a close-ended balanced fund of funds launched and managed by Bulldog Investors, LLC. It invests in close-ended funds investing in public equity and fixed income markets. The fund employs a combination of value, opportunistic and special situations strategies to make its investments.

See Also: Roth IRA

Insider Buying and Selling by Quarter for Special Opportunities Fund (NYSE:SPE)

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's FREE daily email newsletter.