Gerald Hellerman Acquires 1,500 Shares of Special Opportunities Fund, Inc. (SPE) Stock

Share on StockTwits

Special Opportunities Fund, Inc. (NYSE:SPE) insider Gerald Hellerman bought 1,500 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were acquired at an average price of $13.31 per share, with a total value of $19,965.00. Following the transaction, the insider now directly owns 26,992 shares of the company’s stock, valued at $359,263.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of NYSE:SPE traded up $0.01 during trading hours on Friday, hitting $13.35. 10,525 shares of the company’s stock traded hands, compared to its average volume of 18,491. Special Opportunities Fund, Inc. has a 1 year low of $11.22 and a 1 year high of $15.40.

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were given a dividend of $0.076 per share. The ex-dividend date was Monday, April 15th. This represents a $0.91 annualized dividend and a dividend yield of 6.83%.

Large investors have recently made changes to their positions in the business. Calton & Associates Inc. purchased a new position in shares of Special Opportunities Fund during the first quarter valued at approximately $144,000. Scotia Capital Inc. boosted its position in shares of Special Opportunities Fund by 23.3% during the fourth quarter. Scotia Capital Inc. now owns 26,688 shares of the closed-end fund’s stock valued at $316,000 after buying an additional 5,045 shares during the period. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Special Opportunities Fund during the fourth quarter valued at approximately $160,000. Institutional investors and hedge funds own 47.03% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Gerald Hellerman Acquires 1,500 Shares of Special Opportunities Fund, Inc. (SPE) Stock” was reported by Week Herald and is owned by of Week Herald. If you are viewing this article on another domain, it was illegally copied and republished in violation of international copyright legislation. The correct version of this article can be accessed at https://weekherald.com/2019/05/25/gerald-hellerman-acquires-1500-shares-of-special-opportunities-fund-inc-spe-stock.html.

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.

Further Reading: Penny Stocks, Risk and Reward Factors

Insider Buying and Selling by Quarter for Special Opportunities Fund (NYSE:SPE)

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.