Insider Buying: Tekla Healthcare Investors (NYSE:HQH) President Buys 5,000 Shares of Stock

Tekla Healthcare Investors (NYSE:HQH) President Daniel R. Omstead bought 5,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was bought at an average price of $21.01 per share, with a total value of $105,050.00. Following the transaction, the president now owns 110,357 shares in the company, valued at $2,318,600.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

HQH stock traded up $0.23 during midday trading on Friday, reaching $21.21. The company had a trading volume of 3,982 shares, compared to its average volume of 224,804. Tekla Healthcare Investors has a 1 year low of $13.78 and a 1 year high of $21.69. The company has a 50 day moving average of $19.74 and a two-hundred day moving average of $20.02.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be given a $0.41 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.64 dividend on an annualized basis and a yield of 7.73%.

A number of hedge funds have recently added to or reduced their stakes in HQH. First Trust Advisors LP lifted its position in Tekla Healthcare Investors by 23.1% in the 1st quarter. First Trust Advisors LP now owns 163,077 shares of the financial services provider’s stock worth $3,350,000 after buying an additional 30,594 shares in the last quarter. NEXT Financial Group Inc raised its holdings in shares of Tekla Healthcare Investors by 68.9% during the 4th quarter. NEXT Financial Group Inc now owns 31,233 shares of the financial services provider’s stock valued at $652,000 after purchasing an additional 12,743 shares in the last quarter. Savior LLC bought a new position in shares of Tekla Healthcare Investors during the 4th quarter valued at $30,000. Lindbrook Capital LLC raised its holdings in shares of Tekla Healthcare Investors by 124.0% during the 4th quarter. Lindbrook Capital LLC now owns 11,200 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 6,200 shares in the last quarter. Finally, Doliver Advisors LP raised its holdings in shares of Tekla Healthcare Investors by 18.6% during the 4th quarter. Doliver Advisors LP now owns 86,422 shares of the financial services provider’s stock valued at $1,804,000 after purchasing an additional 13,578 shares in the last quarter. Institutional investors own 22.31% of the company’s stock.

About Tekla Healthcare Investors

Tekla Healthcare Investors is a closed-ended equity mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector, including the biotechnology, medical devices, and pharmaceuticals industries.

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