Insider Buying: XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP Buys 3,000 Shares of Stock

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP John Yogi Spence purchased 3,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was acquired at an average price of $6.41 per share, for a total transaction of $19,230.00. Following the transaction, the vice president now owns 549,806 shares of the company’s stock, valued at $3,524,256.46. The trade was a 0.55 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

John Yogi Spence also recently made the following trade(s):

• On Thursday, December 19th, John Yogi Spence purchased 2,000 shares of XAI Octagon Floating Rate & Alternative Income Trust stock. The stock was acquired at an average price of $6.50 per share, for a total transaction of $13,000.00.

XAI Octagon Floating Rate & Alternative Income Trust Trading Down 0.5 %

XAI Octagon Floating Rate & Alternative Income Trust stock traded down $0.04 during mid-day trading on Wednesday, hitting $6.41. The company’s stock had a trading volume of 774,703 shares, compared to its average volume of 678,681. XAI Octagon Floating Rate & Alternative Income Trust has a twelve month low of $6.29 and a twelve month high of $7.30. The stock’s fifty day moving average price is $6.59 and its two-hundred day moving average price is $6.78.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a $0.077 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.92 annualized dividend and a yield of 14.43%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is 113.79%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Thomas J. Herzfeld Advisors Inc. purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter worth approximately $6,880,000. Cresset Asset Management LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter worth approximately $2,102,000. Choreo LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter worth approximately $1,004,000. Consolidated Portfolio Review Corp grew its position in XAI Octagon Floating Rate & Alternative Income Trust by 109.9% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 252,994 shares of the company’s stock worth $1,725,000 after purchasing an additional 132,481 shares in the last quarter. Finally, J.W. Cole Advisors Inc. grew its position in XAI Octagon Floating Rate & Alternative Income Trust by 85.2% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 157,853 shares of the company’s stock worth $1,077,000 after purchasing an additional 72,612 shares in the last quarter.

About XAI Octagon Floating Rate & Alternative Income Trust

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.