Insider Buying: XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Insider Purchases 2,000 Shares of Stock

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) insider John Yogi Spence bought 2,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was purchased at an average price of $6.50 per share, with a total value of $13,000.00. Following the purchase, the insider now directly owns 546,806 shares of the company’s stock, valued at $3,554,239. The trade was a 0.37 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

XAI Octagon Floating Rate & Alternative Income Trust Stock Up 1.1 %

XFLT stock opened at $6.62 on Monday. The business has a fifty day moving average price of $6.86 and a 200 day moving average price of $6.93. XAI Octagon Floating Rate & Alternative Income Trust has a fifty-two week low of $6.29 and a fifty-two week high of $7.76.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a $0.077 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 13.96%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is presently 116.09%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC bought a new stake in XAI Octagon Floating Rate & Alternative Income Trust during the 2nd quarter worth about $60,000. Freestate Advisors LLC acquired a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the third quarter worth approximately $75,000. Sykon Capital LLC acquired a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the second quarter worth approximately $155,000. Atomi Financial Group Inc. grew its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 22.8% during the second quarter. Atomi Financial Group Inc. now owns 22,062 shares of the company’s stock valued at $156,000 after purchasing an additional 4,094 shares during the last quarter. Finally, Naviter Wealth LLC increased its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 23.2% in the second quarter. Naviter Wealth LLC now owns 25,332 shares of the company’s stock valued at $180,000 after purchasing an additional 4,768 shares in the last quarter.

About XAI Octagon Floating Rate & Alternative Income Trust

XAI Octagon Floating Rate & Alternative Income Term Trust invests in a dynamically managed portfolio of floating-rate credit instruments and other structured credit investments within the private markets. Under normal market conditions, the Trust will invest at least 80% of managed assets in senior secured loans, CLO debt and CLO equity.

The Trust seeks attractive total return with an emphasis on income generation across multiple stages of the credit cycle.