Voya Prime Rate Trust (NYSE:PPR) Major Shareholder Saba Capital Management, L.P. Purchases 300,000 Shares

Voya Prime Rate Trust (NYSE:PPR) major shareholder Saba Capital Management, L.P. bought 300,000 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were purchased at an average cost of $3.14 per share, with a total value of $942,000.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% 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, March 18th, Saba Capital Management, L.P. purchased 46,086 shares of Voya Prime Rate Trust stock. The shares were purchased at an average cost of $3.82 per share, for a total transaction of $176,048.52.
  • On Friday, March 20th, Saba Capital Management, L.P. purchased 167,983 shares of Voya Prime Rate Trust stock. The shares were purchased at an average cost of $3.17 per share, for a total transaction of $532,506.11.
  • On Monday, March 16th, Saba Capital Management, L.P. purchased 81,292 shares of Voya Prime Rate Trust stock. The shares were acquired at an average price of $4.07 per share, with a total value of $330,858.44.
  • On Thursday, March 12th, Saba Capital Management, L.P. acquired 221,486 shares of Voya Prime Rate Trust stock. The stock was acquired at an average cost of $4.11 per share, with a total value of $910,307.46.
  • On Monday, March 9th, Saba Capital Management, L.P. acquired 1,100 shares of Voya Prime Rate Trust stock. The stock was acquired at an average cost of $4.61 per share, with a total value of $5,071.00.
  • On Wednesday, March 4th, Saba Capital Management, L.P. acquired 93,847 shares of Voya Prime Rate Trust stock. The stock was acquired at an average cost of $5.02 per share, for a total transaction of $471,111.94.
  • On Friday, February 21st, Saba Capital Management, L.P. bought 400 shares of Voya Prime Rate Trust stock. The shares were acquired at an average price of $5.14 per share, for a total transaction of $2,056.00.
  • On Tuesday, February 18th, Saba Capital Management, L.P. bought 722,939 shares of Voya Prime Rate Trust stock. The shares were acquired at an average price of $5.18 per share, for a total transaction of $3,744,824.02.
  • On Thursday, February 13th, Saba Capital Management, L.P. bought 162,264 shares of Voya Prime Rate Trust stock. The shares were acquired at an average cost of $5.17 per share, with a total value of $838,904.88.
  • On Monday, February 10th, Saba Capital Management, L.P. bought 167,647 shares of Voya Prime Rate Trust stock. The stock was acquired at an average price of $5.17 per share, with a total value of $866,734.99.

PPR traded up $0.18 during trading on Thursday, hitting $3.71. The company’s stock had a trading volume of 35,843 shares, compared to its average volume of 804,084. Voya Prime Rate Trust has a twelve month low of $2.95 and a twelve month high of $5.19. The stock’s fifty day moving average price is $4.71 and its 200-day moving average price is $4.82.

The business also recently disclosed a monthly dividend, which was paid on Monday, March 23rd. Stockholders of record on Tuesday, March 10th were given a dividend of $0.0217 per share. This represents a $0.26 annualized dividend and a dividend yield of 7.02%. The ex-dividend date of this dividend was Monday, March 9th.

Several large investors have recently added to or reduced their stakes in PPR. Amundi Pioneer Asset Management Inc. lifted its position in shares of Voya Prime Rate Trust by 12.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 3,605,783 shares of the investment management company’s stock valued at $17,236,000 after acquiring an additional 409,592 shares during the period. Stifel Financial Corp boosted its position in shares of Voya Prime Rate Trust by 4.5% during the 3rd quarter. Stifel Financial Corp now owns 472,793 shares of the investment management company’s stock worth $2,224,000 after purchasing an additional 20,198 shares in the last quarter. Saba Capital Management L.P. boosted its position in shares of Voya Prime Rate Trust by 20.5% during the 3rd quarter. Saba Capital Management L.P. now owns 16,280,588 shares of the investment management company’s stock worth $76,682,000 after purchasing an additional 2,774,736 shares in the last quarter. Millennium Management LLC grew its stake in shares of Voya Prime Rate Trust by 140.2% in the 3rd quarter. Millennium Management LLC now owns 42,509 shares of the investment management company’s stock valued at $200,000 after buying an additional 24,809 shares during the period. Finally, FNY Investment Advisers LLC grew its stake in shares of Voya Prime Rate Trust by 432.2% in the 4th quarter. FNY Investment Advisers LLC now owns 47,100 shares of the investment management company’s stock valued at $235,000 after buying an additional 38,250 shares during the period.

About Voya Prime Rate Trust

Voya Prime Rate Trust is a closed-ended fixed income mutual fund launched by Voya Investment Management LLC. The fund is co-managed by Voya Investments, LLC and Voya Investment Management Co LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.

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Insider Buying and Selling by Quarter for Voya Prime Rate Trust (NYSE:PPR)

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