Insider Buying: Voya Prime Rate Trust (NYSE:PPR) Major Shareholder Buys 69,005 Shares of Stock

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Voya Prime Rate Trust (NYSE:PPR) major shareholder Saba Capital Management, L.P. purchased 69,005 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were acquired at an average price of $5.10 per share, for a total transaction of $351,925.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major 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 Friday, January 17th, Saba Capital Management, L.P. bought 159,485 shares of Voya Prime Rate Trust stock. The shares were purchased at an average cost of $5.11 per share, for a total transaction of $814,968.35.
  • On Wednesday, January 15th, Saba Capital Management, L.P. bought 55,778 shares of Voya Prime Rate Trust stock. The shares were purchased at an average cost of $5.09 per share, for a total transaction of $283,910.02.
  • On Monday, January 13th, Saba Capital Management, L.P. bought 255,082 shares of Voya Prime Rate Trust stock. The shares were purchased at an average cost of $5.07 per share, for a total transaction of $1,293,265.74.
  • On Friday, January 10th, Saba Capital Management, L.P. bought 88,843 shares of Voya Prime Rate Trust stock. The shares were purchased at an average cost of $5.07 per share, for a total transaction of $450,434.01.
  • On Wednesday, January 8th, Saba Capital Management, L.P. bought 1,479,055 shares of Voya Prime Rate Trust stock. The shares were purchased at an average cost of $5.06 per share, for a total transaction of $7,484,018.30.
  • On Monday, January 6th, Saba Capital Management, L.P. bought 115,105 shares of Voya Prime Rate Trust stock. The shares were purchased at an average cost of $5.03 per share, for a total transaction of $578,978.15.
  • On Thursday, January 2nd, Saba Capital Management, L.P. bought 95,435 shares of Voya Prime Rate Trust stock. The shares were purchased at an average cost of $5.02 per share, for a total transaction of $479,083.70.
  • On Tuesday, December 31st, Saba Capital Management, L.P. bought 350,094 shares of Voya Prime Rate Trust stock. The shares were purchased at an average cost of $5.04 per share, for a total transaction of $1,764,473.76.
  • On Friday, December 27th, Saba Capital Management, L.P. bought 290,904 shares of Voya Prime Rate Trust stock. The shares were purchased at an average cost of $5.00 per share, for a total transaction of $1,454,520.00.
  • On Tuesday, December 24th, Saba Capital Management, L.P. bought 259,077 shares of Voya Prime Rate Trust stock. The shares were purchased at an average cost of $4.99 per share, for a total transaction of $1,292,794.23.

Shares of PPR stock opened at $5.12 on Thursday. The firm’s 50-day moving average is $5.00 and its two-hundred day moving average is $4.81. Voya Prime Rate Trust has a 12 month low of $4.63 and a 12 month high of $5.13.

The company also recently announced a monthly dividend, which was paid on Monday, January 13th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.023 per share. This represents a $0.28 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date was Monday, December 30th.

A number of hedge funds have recently modified their holdings of PPR. Saba Capital Management L.P. raised its stake in Voya Prime Rate Trust by 20.5% during the third quarter. Saba Capital Management L.P. now owns 16,280,588 shares of the investment management company’s stock worth $76,682,000 after purchasing an additional 2,774,736 shares during the period. Chapwood Capital Investment Management LLC purchased a new position in Voya Prime Rate Trust during the fourth quarter worth about $2,292,000. Amundi Pioneer Asset Management Inc. raised its stake in Voya Prime Rate Trust by 12.8% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 3,605,783 shares of the investment management company’s stock worth $17,236,000 after purchasing an additional 409,592 shares during the period. Private Advisor Group LLC purchased a new position in Voya Prime Rate Trust during the second quarter worth about $357,000. Finally, Parametric Portfolio Associates LLC raised its stake in Voya Prime Rate Trust by 380.3% during the second quarter. Parametric Portfolio Associates LLC now owns 295,605 shares of the investment management company’s stock worth $1,407,000 after purchasing an additional 234,064 shares during the period.

About Voya Prime Rate Trust

Voya Prime Rate Trust is a closed-ended fixed income mutual fund launched by Voya Investment Management LLC. The fund is co-managed by Voya Investments, LLC and Voya Investment Management Co LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.

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Insider Buying and Selling by Quarter for Voya Prime Rate Trust (NYSE:PPR)

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