Barry J. Cohen buys 2,553 shares of Apollo Tactical Income Fund Inc. (NYSE: AIF)
Apollo Tactical Income Fund Inc. (NYSE:AIF – Get Rating) Director Barry J. Cohen acquired 2,553 shares of Apollo Tactical Income Fund in a transaction that took place on Friday, July 8. The shares were purchased at an average price of $12.31 per share, for a total transaction of $31,427.43. As a result of the transaction, the administrator now directly owns 8,553 shares of the company, valued at $105,287.43. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Apollo Tactical Income Fund trades down 0.1%
NYSE AIF opened at $12.34 on Friday. The company’s 50-day moving average price is $12.60 and its two-hundred-day moving average price is $13.94. Apollo Tactical Income Fund Inc. has a 12-month low of $11.98 and a 12-month high of $16.12.
Apollo Tactical Income Fund increases its dividend
The company also recently declared a monthly dividend, which will be paid on Friday, July 29. Shareholders of record on Thursday, July 21 will receive a dividend of $0.097. This represents a dividend of $1.16 on an annualized basis and a dividend yield of 9.43%. The ex-dividend date is Wednesday July 20. This is a positive change from Apollo Tactical Income Fund’s previous monthly dividend of $0.09.
Institutional investors weigh in on Apollo Tactical Income Fund
A number of institutional investors have recently changed their positions in the stock. Goldman Sachs Group Inc. bought a new equity stake in Apollo Tactical Income Fund in Q1, valued at approximately $455,000. Rivernorth Capital Management LLC increased its position in Apollo Tactical Income Fund shares by 247.4% in Q1. Rivernorth Capital Management LLC now owns 362,673 shares of the company valued at $5,208,000 after purchasing an additional 258,268 shares in the last quarter. Cohen & Steers Inc. increased its position in Apollo Tactical Income Fund shares by 19.4% in Q1. Cohen & Steers Inc. now owns 96,618 shares of the company valued at $1,387,000 after purchasing an additional 15,713 shares in the last quarter. First Trust Advisors LP increased its position in shares of Apollo Tactical Income Fund by 24.0% in the 1st quarter. First Trust Advisors LP now owns 96,503 shares of the company valued at $1,386,000 after purchasing an additional 18,677 shares in the last quarter. Finally, Landscape Capital Management LLC purchased a new stake in shares of Apollo Tactical Income Fund in Q1 worth approximately $183,000.
Apollo Tactical Income Fund Company Profile
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Apollo Tactical Income Fund Inc is a closed-end bond fund launched and managed by Apollo Credit Management, LLC. The fund invests in bond markets. It invests primarily in senior secured loans, including floating rate senior loans, high yield corporate bonds and other credit instruments of various maturities issued to companies whose debt is generally rated in below investment grade.
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