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.

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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)

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