BlackRock Capital Allocation Term Trust (NYSE:BCAT) Major Shareholder Sells $466,460.90 in Stock

Posted by Thomas Dobrow on Oct 25th, 2024

BlackRock Capital Allocation Term Trust (NYSE:BCAT – Get Free Report) major shareholder Saba Capital Management, L.P. sold 28,670 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $16.27, for a total value of $466,460.90. Following the completion of the transaction, the insider now directly owns 14,888,870 shares in the company, valued at approximately $242,241,914.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 Friday, October 18th, Saba Capital Management, L.P. sold 38,785 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.32, for a total value of $632,971.20.
On Wednesday, October 16th, Saba Capital Management, L.P. sold 40,158 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.27, for a total transaction of $653,370.66.
On Monday, October 14th, Saba Capital Management, L.P. sold 166,128 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.60, for a total transaction of $2,757,724.80.
On Friday, October 11th, Saba Capital Management, L.P. sold 65,953 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.51, for a total transaction of $1,088,884.03.
On Wednesday, October 9th, Saba Capital Management, L.P. sold 72,094 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.45, for a total transaction of $1,185,946.30.
On Monday, October 7th, Saba Capital Management, L.P. sold 66,481 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.48, for a total value of $1,095,606.88.
On Friday, October 4th, Saba Capital Management, L.P. sold 52,067 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.47, for a total value of $857,543.49.
On Wednesday, October 2nd, Saba Capital Management, L.P. sold 75,831 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.48, for a total value of $1,249,694.88.
On Monday, September 30th, Saba Capital Management, L.P. sold 44,884 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.48, for a total value of $739,688.32.
On Wednesday, September 25th, Saba Capital Management, L.P. sold 8,800 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.44, for a total transaction of $144,672.00.

BlackRock Capital Allocation Term Trust Trading Up 0.1 %

Shares of NYSE BCAT opened at $16.12 on Friday. BlackRock Capital Allocation Term Trust has a 52 week low of $13.70 and a 52 week high of $17.18. The firm has a 50-day moving average price of $16.38 and a 200 day moving average price of $16.25.

BlackRock Capital Allocation Term Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.2871 per share. This represents a $3.45 dividend on an annualized basis and a dividend yield of 21.37%. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Investors Weigh In On BlackRock Capital Allocation Term Trust

Several institutional investors have recently modified their holdings of the company. Eagle Rock Investment Company LLC acquired a new position in BlackRock Capital Allocation Term Trust during the first quarter worth $298,000. Commonwealth Equity Services LLC raised its stake in shares of BlackRock Capital Allocation Term Trust by 0.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 227,639 shares of the company’s stock worth $3,792,000 after buying an additional 1,950 shares during the last quarter. Fountainhead AM LLC boosted its position in shares of BlackRock Capital Allocation Term Trust by 2.0% in the 1st quarter. Fountainhead AM LLC now owns 47,570 shares of the company’s stock worth $793,000 after buying an additional 921 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in BlackRock Capital Allocation Term Trust by 18.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 29,180 shares of the company’s stock valued at $486,000 after acquiring an additional 4,586 shares during the last quarter. Finally, Ironsides Asset Advisors LLC increased its holdings in BlackRock Capital Allocation Term Trust by 14.1% during the 1st quarter. Ironsides Asset Advisors LLC now owns 29,133 shares of the company’s stock valued at $485,000 after acquiring an additional 3,606 shares in the last quarter. Hedge funds and other institutional investors own 36.12% of the company’s stock.