XAI OCTAGON FR/COM (NYSE:XFLT) Insider Purchases $43,400.00 in Stock

XAI OCTAGON FR/COM (NYSE:XFLT) insider Philip G. Franklin bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The shares were acquired at an average price of $4.34 per share, with a total value of $43,400.00.

Shares of XFLT stock traded up $0.88 during mid-day trading on Wednesday, reaching $4.95. The stock had a trading volume of 5,946 shares, compared to its average volume of 165,946. The firm’s 50 day simple moving average is $7.31 and its 200 day simple moving average is $8.22. XAI OCTAGON FR/COM has a one year low of $3.67 and a one year high of $9.68.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 17th will be given a $0.073 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 17.70%.

Several hedge funds have recently made changes to their positions in XFLT. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of XAI OCTAGON FR/COM by 190.4% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,086 shares of the company’s stock worth $33,000 after buying an additional 2,679 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of XAI OCTAGON FR/COM by 22.3% in the 1st quarter. First Trust Advisors LP now owns 32,060 shares of the company’s stock worth $278,000 after buying an additional 5,854 shares in the last quarter. Wedbush Securities Inc. raised its holdings in shares of XAI OCTAGON FR/COM by 15.8% in the 4th quarter. Wedbush Securities Inc. now owns 57,876 shares of the company’s stock worth $468,000 after buying an additional 7,908 shares in the last quarter. National Asset Management Inc. raised its holdings in shares of XAI OCTAGON FR/COM by 7.1% in the 4th quarter. National Asset Management Inc. now owns 90,746 shares of the company’s stock worth $735,000 after buying an additional 5,980 shares in the last quarter. Finally, Rivernorth Capital Management LLC acquired a new position in shares of XAI OCTAGON FR/COM in the 4th quarter worth approximately $1,616,000.

XAI OCTAGON FR/COM Company Profile

There is no company description available for XAI Octagon Floating Rate & Alternative Income Term Trust.

Further Reading: Fundamental Analysis and Individual Investors

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