XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Insider Lauren Kristen Law Acquires 20,000 Shares of Stock

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) insider Lauren Kristen Law bought 20,000 shares of XAI Octagon Floating Rate & Alternative Income Trust stock in a transaction on Friday, October 24th. The stock was purchased at an average price of $5.01 per share, for a total transaction of $100,200.00. Following the completion of the acquisition, the insider owned 20,000 shares in the company, valued at $100,200. This represents a ? increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

NYSE:XFLT opened at $4.98 on Tuesday. The company’s 50-day moving average is $5.33 and its two-hundred day moving average is $5.51. XAI Octagon Floating Rate & Alternative Income Trust has a 12-month low of $4.73 and a 12-month high of $7.16.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be issued a $0.07 dividend. This represents a c) dividend on an annualized basis and a yield of 16.9%. The ex-dividend date is Wednesday, October 15th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is 102.30%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. acquired a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 1st quarter valued at about $4,243,000. J.W. Cole Advisors Inc. increased its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 142.3% during the 1st quarter. J.W. Cole Advisors Inc. now owns 497,462 shares of the company’s stock valued at $2,940,000 after acquiring an additional 292,136 shares during the last quarter. Guggenheim Capital LLC increased its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 1,534.9% during the 2nd quarter. Guggenheim Capital LLC now owns 252,119 shares of the company’s stock valued at $1,424,000 after acquiring an additional 236,698 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. increased its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 21.4% during the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,258,025 shares of the company’s stock valued at $7,435,000 after acquiring an additional 221,874 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 2nd quarter valued at about $1,201,000.

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.