Insider Buying: Neuberger Berman High Yield Strateges Fd (NYSEAMERICAN:NHS) Major Shareholder Acquires $732,813.48 in Stock

Neuberger Berman High Yield Strateges Fd (NYSEAMERICAN:NHS) major shareholder Saba Capital Management, L.P. acquired 103,068 shares of Neuberger Berman High Yield Strateges Fd stock in a transaction on Friday, March 20th. The stock was purchased at an average price of $7.11 per share, with a total value of $732,813.48. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Tuesday, March 24th, Saba Capital Management, L.P. acquired 5,352 shares of Neuberger Berman High Yield Strateges Fd stock. The stock was purchased at an average price of $8.14 per share, with a total value of $43,565.28.
  • On Tuesday, March 17th, Saba Capital Management, L.P. acquired 30,593 shares of Neuberger Berman High Yield Strateges Fd stock. The stock was purchased at an average price of $7.32 per share, with a total value of $223,940.76.
  • On Tuesday, March 3rd, Saba Capital Management, L.P. acquired 139,219 shares of Neuberger Berman High Yield Strateges Fd stock. The stock was purchased at an average price of $11.99 per share, with a total value of $1,669,235.81.

Shares of NHS stock opened at $8.22 on Thursday. Neuberger Berman High Yield Strateges Fd has a 12 month low of $6.59 and a 12 month high of $12.80.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a $0.0905 dividend. The ex-dividend date is Friday, March 13th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 13.21%.

Hedge funds have recently made changes to their positions in the business. Baird Financial Group Inc. lifted its position in shares of Neuberger Berman High Yield Strateges Fd by 67.0% during the 4th quarter. Baird Financial Group Inc. now owns 82,636 shares of the investment management company’s stock worth $1,021,000 after buying an additional 33,144 shares during the period. Guggenheim Capital LLC lifted its position in shares of Neuberger Berman High Yield Strateges Fd by 30.0% during the 4th quarter. Guggenheim Capital LLC now owns 247,649 shares of the investment management company’s stock worth $3,059,000 after buying an additional 57,086 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Neuberger Berman High Yield Strateges Fd by 123.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 33,809 shares of the investment management company’s stock worth $418,000 after buying an additional 18,700 shares during the period. Aurora Private Wealth Inc. bought a new position in shares of Neuberger Berman High Yield Strateges Fd during the 4th quarter worth approximately $124,000. Finally, NEXT Financial Group Inc lifted its position in shares of Neuberger Berman High Yield Strateges Fd by 8.9% during the 4th quarter. NEXT Financial Group Inc now owns 29,800 shares of the investment management company’s stock worth $368,000 after buying an additional 2,425 shares during the period.

Neuberger Berman High Yield Strateges Fd Company Profile

Neuberger Berman High Yield Strategies Fund Inc is a closed-ended fixed income mutual fund launched by Neuberger Berman LLC. The fund is managed by Neuberger Berman Investment Advisers LLC. It invests in fixed income markets across the globe. The fund typically invests in high yield debt securities of various sectors, such as auto parts and equipment, airlines, automotive, electronics, health services, packaging, telecom-integrated/services, gaming, and gas distribution.

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Insider Buying and Selling by Quarter for Neuberger Berman High Yield Strateges Fd (NYSEAMERICAN:NHS)

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