Insider Buying: Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) Major Shareholder Purchases $523,500.00 in Stock

Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) major shareholder Saba Capital Management, L.P. acquired 150,000 shares of the stock in a transaction on Friday, March 20th. The shares were acquired at an average price of $3.49 per share, for a total transaction of $523,500.00. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, February 19th, Saba Capital Management, L.P. acquired 1,733,567 shares of Western Asst High Incm Opprtnty Fnd stock. The stock was acquired at an average cost of $5.24 per share, for a total transaction of $9,083,891.08.

Shares of NYSE HIO opened at $3.81 on Thursday. The company has a 50-day moving average price of $4.70 and a 200-day moving average price of $4.96. Western Asst High Incm Opprtnty Fnd Inc. has a 1 year low of $3.00 and a 1 year high of $5.28.

The firm also recently announced a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 21st will be issued a $0.0325 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 10.24%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Samalin Investment Counsel LLC bought a new position in Western Asst High Incm Opprtnty Fnd in the 4th quarter valued at about $59,000. Procyon Private Wealth Partners LLC bought a new stake in Western Asst High Incm Opprtnty Fnd during the 4th quarter worth approximately $73,000. Integrated Capital Management Inc. increased its holdings in Western Asst High Incm Opprtnty Fnd by 32.6% during the 4th quarter. Integrated Capital Management Inc. now owns 16,298 shares of the closed-end fund’s stock worth $82,000 after purchasing an additional 4,008 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Western Asst High Incm Opprtnty Fnd by 37.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 16,574 shares of the closed-end fund’s stock worth $83,000 after purchasing an additional 4,490 shares in the last quarter. Finally, Alpine Global Management LLC purchased a new stake in shares of Western Asst High Incm Opprtnty Fnd in the fourth quarter worth approximately $141,000.

Western Asst High Incm Opprtnty Fnd Company Profile

Western Asset High Income Opportunity Fund Inc is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States.

Featured Story: How is diluted EPS different from basic EPS?

Insider Buying and Selling by Quarter for Western Asst High Incm Opprtnty Fnd (NYSE:HIO)

Receive News & Ratings for Western Asst High Incm Opprtnty Fnd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asst High Incm Opprtnty Fnd and related companies with MarketBeat.com's FREE daily email newsletter.