Ladenburg Thalmann Financial Services Inc. Raises Stock Holdings in Special Opportunities Fund, Inc. (NYSE:SPE)

Ladenburg Thalmann Financial Services Inc. boosted its stake in Special Opportunities Fund, Inc. (NYSE:SPE) by 3.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,599 shares of the closed-end fund’s stock after buying an additional 1,045 shares during the period. Ladenburg Thalmann Financial Services Inc. owned approximately 0.37% of Special Opportunities Fund worth $435,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SPE. Lindbrook Capital LLC grew its position in shares of Special Opportunities Fund by 250.0% during the second quarter. Lindbrook Capital LLC now owns 4,200 shares of the closed-end fund’s stock worth $57,000 after buying an additional 3,000 shares in the last quarter. Scotia Capital Inc. boosted its holdings in Special Opportunities Fund by 46.0% in the second quarter. Scotia Capital Inc. now owns 50,702 shares of the closed-end fund’s stock valued at $697,000 after purchasing an additional 15,977 shares in the last quarter. Finally, Ancora Advisors LLC boosted its holdings in Special Opportunities Fund by 3.0% in the second quarter. Ancora Advisors LLC now owns 101,568 shares of the closed-end fund’s stock valued at $1,397,000 after purchasing an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 48.63% of the company’s stock.

Shares of SPE opened at $13.98 on Wednesday. The stock has a 50 day moving average price of $14.02 and a 200 day moving average price of $13.73. Special Opportunities Fund, Inc. has a 52-week low of $11.22 and a 52-week high of $14.62.

In other Special Opportunities Fund news, insider Gerald Hellerman purchased 2,700 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average cost of $13.98 per share, with a total value of $37,746.00. Following the completion of the acquisition, the insider now directly owns 29,483 shares of the company’s stock, valued at approximately $412,172.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 22.38% of the company’s stock.

Special Opportunities Fund 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.

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Institutional Ownership by Quarter for Special Opportunities Fund (NYSE:SPE)

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