Shares of XAI OCTAGON FR/COM (NYSE:XFLT) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $8.32 and last traded at $8.40, with a volume of 200 shares. The stock had previously closed at $8.45.
Separately, National Securities initiated coverage on XAI OCTAGON FR/COM in a research report on Monday, October 29th. They set a “buy” rating and a $13.00 price objective for the company.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 31st. Investors of record on Saturday, December 15th will be given a dividend of $0.069 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 10.02%. The ex-dividend date is Thursday, December 13th.
Several large investors have recently modified their holdings of the stock. B. Riley Wealth Management Inc. acquired a new stake in shares of XAI OCTAGON FR/COM during the 3rd quarter worth about $122,000. Wedbush Securities Inc. grew 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 valued at $206,000 after acquiring an additional 6,423 shares in the last quarter. Laurion Capital Management LP grew 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 valued at $1,838,000 after acquiring an additional 168,206 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in XAI OCTAGON FR/COM in the 2nd quarter valued at about $210,000.
About XAI OCTAGON FR/COM (NYSE:XFLT)
There is no company description available for XAI Octagon Floating Rate & Alternative Income Term Trust.
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