XAI OCTAGON FR/COM (XFLT) Hits New 52-Week Low at $9.01

Shares of XAI OCTAGON FR/COM (NYSE:XFLT) reached a new 52-week low during trading on Wednesday . The stock traded as low as $9.01 and last traded at $9.02, with a volume of 17923 shares trading hands. The stock had previously closed at $9.10.

Separately, National Securities initiated coverage on shares of XAI OCTAGON FR/COM in a research note on Monday, October 29th. They set a “buy” rating and a $13.00 target price for the company.

The firm also recently announced a monthly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 15th will be paid a dividend of $0.069 per share. This represents a $0.83 annualized dividend and a yield of 9.22%. The ex-dividend date is Wednesday, November 14th.

In related news, insider Theodore J. Brombach sold 2,600 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $9.89, for a total value of $25,714.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philip G. Franklin purchased 3,206 shares of XAI OCTAGON FR/COM stock in a transaction that occurred on Monday, October 29th. The stock was purchased at an average price of $9.21 per share, with a total value of $29,527.26. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 16,261 shares of company stock valued at $158,241 and have sold 23,225 shares valued at $229,961.

Several large investors have recently modified their holdings of the stock. B. Riley Wealth Management Inc. purchased a new stake in XAI OCTAGON FR/COM in the 3rd quarter worth approximately $122,000. Wedbush Securities Inc. lifted its position in XAI OCTAGON FR/COM by 44.0% in the 3rd quarter. Wedbush Securities Inc. now owns 21,023 shares of the company’s stock worth $206,000 after buying an additional 6,423 shares in the last quarter. Laurion Capital Management LP lifted its position in XAI OCTAGON FR/COM by 511.7% in the 2nd quarter. Laurion Capital Management LP now owns 201,075 shares of the company’s stock worth $1,838,000 after buying an additional 168,206 shares in the last quarter. Shaker Financial Services LLC lifted its position in XAI OCTAGON FR/COM by 1,548.1% in the 2nd quarter. Shaker Financial Services LLC now owns 186,233 shares of the company’s stock worth $1,702,000 after buying an additional 174,933 shares in the last quarter. Finally, Clear Harbor Asset Management LLC lifted its position in XAI OCTAGON FR/COM by 46.1% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 31,925 shares of the company’s stock worth $292,000 after buying an additional 10,080 shares in the last quarter.

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XAI OCTAGON FR/COM Company Profile (NYSE:XFLT)

There is no company description available for XAI Octagon Floating Rate & Alternative Income Term Trust.

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