Special Opportunities Fund Inc. (SPE) Insider Purchases $14,820.00 in Stock

Special Opportunities Fund Inc. (NYSE:SPE) insider Gerald Hellerman acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 22nd. The shares were bought at an average price of $14.82 per share, for a total transaction of $14,820.00. Following the completion of the acquisition, the insider now owns 21,793 shares of the company’s stock, valued at $322,972.26. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Gerald Hellerman also recently made the following trade(s):

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  • On Monday, February 5th, Gerald Hellerman purchased 5,200 shares of Special Opportunities Fund stock. The stock was acquired at an average price of $14.98 per share, for a total transaction of $77,896.00.
  • On Thursday, January 4th, Gerald Hellerman purchased 2,000 shares of Special Opportunities Fund stock. The stock was acquired at an average price of $15.10 per share, for a total transaction of $30,200.00.

Shares of SPE stock traded down $0.26 during mid-day trading on Friday, reaching $14.49. 64,841 shares of the company’s stock traded hands, compared to its average volume of 15,341. Special Opportunities Fund Inc. has a 12-month low of $14.34 and a 12-month high of $16.20.

A hedge fund recently raised its stake in Special Opportunities Fund stock. Scotia Capital Inc. raised its holdings in Special Opportunities Fund Inc. (NYSE:SPE) by 53.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,474 shares of the closed-end fund’s stock after buying an additional 5,772 shares during the period. Scotia Capital Inc. owned 0.19% of Special Opportunities Fund worth $245,000 at the end of the most recent reporting period. 45.39% of the stock is currently owned by hedge funds and other institutional investors.

SPE has been the topic of several recent research reports. Canaccord Genuity reiterated a “buy” rating and issued a $8.00 price target on shares of Special Opportunities Fund in a research note on Thursday, November 30th. AltaCorp Capital reiterated a “buy” rating and issued a $9.75 price target on shares of Special Opportunities Fund in a research note on Monday, January 15th.

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About Special Opportunities Fund

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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