Special Opp Fd (SPE) Receives Hold Rating from Canaccord Genuity

Special Opp Fd (NYSE:SPE)‘s stock had its “hold” rating reissued by equities research analysts at Canaccord Genuity in a research note issued on Thursday. They currently have a $7.00 price target on the closed-end fund’s stock. Canaccord Genuity’s target price suggests a potential downside of 55.86% from the stock’s current price.

Separately, Scotiabank reissued a “buy” rating and set a $11.25 target price on shares of Special Opp Fd in a research report on Tuesday.

Special Opp Fd (SPE) traded down 0.0631% during trading on Thursday, hitting $15.8499. 7,080 shares of the stock traded hands. The firm has a 50-day moving average price of $15.57 and a 200 day moving average price of $15.19. Special Opp Fd has a 12 month low of $13.46 and a 12 month high of $15.93.

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An institutional investor recently raised its position in Special Opp Fd stock. Blue Bell Private Wealth Management LLC grew its stake in Special Opp Fd (NYSE:SPE) by 6.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 230,496 shares of the closed-end fund’s stock after buying an additional 13,590 shares during the period. Special Opp Fd accounts for 1.7% of Blue Bell Private Wealth Management LLC’s holdings, making the stock its 13th biggest position. Blue Bell Private Wealth Management LLC’s holdings in Special Opp Fd were worth $3,504,000 as of its most recent filing with the Securities and Exchange Commission. 39.56% of the stock is owned by institutional investors.

About Special Opp Fd

Special Opportunities Fund, Inc (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to achieve total return. The Fund’s investment portfolio consists of investment companies, common stocks, commodity partnerships, preferred stocks, money market funds, corporate notes, liquidating trusts, corporate bonds, promissory notes, senior unsecured notes, warrants and rights.

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