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

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP John Yogi Spence purchased 2,000 shares of the business’s stock in a transaction on Friday, February 21st. The shares were purchased at an average price of $6.38 per share, with a total value of $12,760.00. Following the acquisition, the vice president now directly owns 551,806 shares in the company, valued at $3,520,522.28. This represents a 0.36 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

John Yogi Spence also recently made the following trade(s):

• On Wednesday, February 19th, John Yogi Spence bought 3,000 shares of XAI Octagon Floating Rate & Alternative Income Trust stock. The shares were purchased at an average price of $6.41 per share, with a total value of $19,230.00.
• On Thursday, December 19th, John Yogi Spence purchased 2,000 shares of XAI Octagon Floating Rate & Alternative Income Trust stock. The stock was acquired at an average price of $6.50 per share, for a total transaction of $13,000.00.

XAI Octagon Floating Rate & Alternative Income Trust Trading Down 0.2 %

XFLT stock opened at $6.39 on Monday. XAI Octagon Floating Rate & Alternative Income Trust has a 52 week low of $6.29 and a 52 week high of $7.30. The company has a fifty day simple moving average of $6.57 and a two-hundred day simple moving average of $6.77.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.077 per share. This represents a $0.92 annualized dividend and a dividend yield of 14.47%. The ex-dividend date of this dividend is Tuesday, February 18th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is 113.79%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thomas J. Herzfeld Advisors Inc. purchased a new stake in XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter valued at approximately $6,880,000. Cresset Asset Management LLC bought a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter valued at approximately $2,102,000. Consolidated Portfolio Review Corp raised its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 6.9% during the 4th quarter. Consolidated Portfolio Review Corp now owns 270,421 shares of the company’s stock valued at $1,796,000 after buying an additional 17,427 shares during the period. Chicago Partners Investment Group LLC raised its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 10.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 216,241 shares of the company’s stock valued at $1,479,000 after buying an additional 19,947 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its position in XAI Octagon Floating Rate & Alternative Income Trust by 30.1% in the fourth quarter. J.W. Cole Advisors Inc. now owns 205,326 shares of the company’s stock worth $1,363,000 after buying an additional 47,473 shares during the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Company Profile

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.