Saba Capital Management, L.P. Sells 66,481 Shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) Stock

by · The Cerbat Gem

BlackRock Capital Allocation Term Trust (NYSE:BCAT – Get Free Report) major shareholder Saba Capital Management, L.P. sold 66,481 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $16.48, for a total value of $1,095,606.88. Following the completion of the transaction, the insider now directly owns 15,603,000 shares of the company’s stock, valued at approximately $257,137,440. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Friday, October 4th, Saba Capital Management, L.P. sold 52,067 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.47, for a total value of $857,543.49.
  • On Wednesday, October 2nd, Saba Capital Management, L.P. sold 75,831 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.48, for a total value of $1,249,694.88.
  • On Monday, September 30th, Saba Capital Management, L.P. sold 44,884 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.48, for a total value of $739,688.32.
  • On Wednesday, September 25th, Saba Capital Management, L.P. sold 8,800 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.44, for a total value of $144,672.00.
  • On Monday, September 23rd, Saba Capital Management, L.P. sold 33,209 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.44, for a total value of $545,955.96.
  • On Thursday, September 19th, Saba Capital Management, L.P. sold 14,973 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.41, for a total value of $245,706.93.
  • On Tuesday, September 17th, Saba Capital Management, L.P. sold 15,894 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.41, for a total value of $260,820.54.

BlackRock Capital Allocation Term Trust Stock Up 0.1 %

NYSE:BCAT opened at $16.46 on Thursday. BlackRock Capital Allocation Term Trust has a 1 year low of $13.67 and a 1 year high of $17.18. The stock has a 50-day simple moving average of $16.32 and a 200-day simple moving average of $16.26.

BlackRock Capital Allocation Term Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.2871 per share. This is a boost from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. The ex-dividend date is Tuesday, October 15th. This represents a $3.45 annualized dividend and a dividend yield of 20.94%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its holdings in BlackRock Capital Allocation Term Trust by 0.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 227,639 shares of the company’s stock worth $3,792,000 after buying an additional 1,950 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust during the 2nd quarter valued at about $2,967,000. Advisors Asset Management Inc. lifted its holdings in BlackRock Capital Allocation Term Trust by 9.1% in the 1st quarter. Advisors Asset Management Inc. now owns 189,291 shares of the company’s stock worth $3,154,000 after purchasing an additional 15,763 shares during the last quarter. Alpine Global Management LLC lifted its holdings in shares of BlackRock Capital Allocation Term Trust by 11.9% during the first quarter. Alpine Global Management LLC now owns 151,000 shares of the company’s stock worth $2,516,000 after buying an additional 16,000 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of BlackRock Capital Allocation Term Trust by 4.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 133,238 shares of the company’s stock worth $2,186,000 after buying an additional 5,438 shares during the last quarter. 36.12% of the stock is owned by hedge funds and other institutional investors.

BlackRock Capital Allocation Term Trust Company Profile

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