BlackRock Capital Allocation Term Trust (NYSE:BCAT) Major Shareholder Sells $1,249,694.88 in Stock

by · The Cerbat Gem

BlackRock Capital Allocation Term Trust (NYSE:BCAT – Get Free Report) major shareholder Saba Capital Management, L.P. sold 75,831 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $16.48, for a total value of $1,249,694.88. Following the completion of the transaction, the insider now directly owns 15,721,648 shares in the company, valued at $259,092,759.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Monday, September 30th, Saba Capital Management, L.P. sold 44,884 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.48, for a total value of $739,688.32.
  • On Wednesday, September 25th, Saba Capital Management, L.P. sold 8,800 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.44, for a total value of $144,672.00.
  • On Monday, September 23rd, Saba Capital Management, L.P. sold 33,209 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.44, for a total value of $545,955.96.
  • On Thursday, September 19th, Saba Capital Management, L.P. sold 14,973 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.41, for a total transaction of $245,706.93.
  • On Tuesday, September 17th, Saba Capital Management, L.P. sold 15,894 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.41, for a total transaction of $260,820.54.

BlackRock Capital Allocation Term Trust Stock Up 0.5 %

BCAT opened at $16.46 on Friday. BlackRock Capital Allocation Term Trust has a twelve month low of $13.67 and a twelve month high of $17.18. The company has a fifty day simple moving average of $16.32 and a 200 day simple moving average of $16.25.

BlackRock Capital Allocation Term Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.2871 per share. The ex-dividend date is Tuesday, October 15th. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. This represents a $3.45 annualized dividend and a dividend yield of 20.93%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Prevail Innovative Wealth Advisors LLC purchased a new stake in BlackRock Capital Allocation Term Trust during the 2nd quarter worth approximately $1,452,000. Stifel Financial Corp grew its position in shares of BlackRock Capital Allocation Term Trust by 30.3% during the fourth quarter. Stifel Financial Corp now owns 488,792 shares of the company’s stock worth $7,307,000 after buying an additional 113,628 shares in the last quarter. Almitas Capital LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust in the second quarter worth $728,000. Oppenheimer & Co. Inc. raised its holdings in BlackRock Capital Allocation Term Trust by 18.6% in the first quarter. Oppenheimer & Co. Inc. now owns 29,180 shares of the company’s stock valued at $486,000 after acquiring an additional 4,586 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in BlackRock Capital Allocation Term Trust during the 4th quarter valued at $315,000. Institutional investors and hedge funds own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Company Profile

(Get Free Report)

–

See Also