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

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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.

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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.

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

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