Special Opportunities Fund, Inc. (NYSE:SPE) Chairman Buys $59,250.00 in Stock

Special Opportunities Fund, Inc. (NYSE:SPE) Chairman Phillip Goldstein acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, July 21st. The shares were bought at an average price of $11.85 per share, for a total transaction of $59,250.00. Following the purchase, the chairman now directly owns 118,721 shares of the company’s stock, valued at $1,406,843.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Phillip Goldstein also recently made the following trade(s):

  • On Wednesday, July 15th, Phillip Goldstein bought 11,405 shares of Special Opportunities Fund stock. The stock was purchased at an average price of $11.74 per share, with a total value of $133,894.70.

Shares of NYSE SPE opened at $11.84 on Friday. Special Opportunities Fund, Inc. has a 1 year low of $7.50 and a 1 year high of $15.00. The stock has a fifty day moving average price of $11.37 and a two-hundred day moving average price of $11.84.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a $0.094 dividend. The ex-dividend date is Friday, September 18th. This represents a $1.13 annualized dividend and a dividend yield of 9.53%.

A number of hedge funds have recently made changes to their positions in SPE. Ladenburg Thalmann Financial Services Inc. grew its holdings in Special Opportunities Fund by 5.8% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 36,690 shares of the closed-end fund’s stock worth $541,000 after acquiring an additional 1,999 shares during the period. Lindbrook Capital LLC boosted its position in shares of Special Opportunities Fund by 42.6% during the 1st quarter. Lindbrook Capital LLC now owns 8,700 shares of the closed-end fund’s stock valued at $83,000 after purchasing an additional 2,600 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of Special Opportunities Fund by 21.9% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 28,626 shares of the closed-end fund’s stock worth $272,000 after purchasing an additional 5,141 shares during the last quarter. Mid Atlantic Financial Management Inc. ADV bought a new stake in shares of Special Opportunities Fund in the 1st quarter worth approximately $120,000. Finally, Private Advisor Group LLC lifted its stake in Special Opportunities Fund by 13.8% during the first quarter. Private Advisor Group LLC now owns 54,328 shares of the closed-end fund’s stock valued at $516,000 after purchasing an additional 6,600 shares during the last quarter. 50.81% of the stock is owned by institutional investors and hedge funds.

About Special Opportunities Fund

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.

Recommended Story: How to calculate the intrinsic value of a stock

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