BlackRock Capital Allocation Term Trust (NYSE:BCAT) Major Shareholder Saba Capital Management, L.P. Sells 28,670 Shares

BlackRock Capital Allocation Term Trust (NYSE:BCAT - Get Free Report) major shareholder Saba Capital Management, L.P. sold 28,670 shares of the business's stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $16.27, for a total transaction of $466,460.90. Following the completion of the transaction, the insider now owns 14,888,870 shares in the company, valued at approximately $242,241,914.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 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 18th, Saba Capital Management, L.P. sold 38,785 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.32, for a total transaction of $632,971.20.
• On Wednesday, October 16th, Saba Capital Management, L.P. sold 40,158 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.27, for a total transaction of $653,370.66.
• On Monday, October 14th, Saba Capital Management, L.P. sold 166,128 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.60, for a total transaction of $2,757,724.80.
• On Friday, October 11th, Saba Capital Management, L.P. sold 65,953 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.51, for a total transaction of $1,088,884.03.
• On Wednesday, October 9th, Saba Capital Management, L.P. sold 72,094 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.45, for a total transaction of $1,185,946.30.
• On Monday, October 7th, Saba Capital Management, L.P. sold 66,481 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.48, for a total transaction of $1,095,606.88.
• 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 transaction 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 stock was sold at an average price of $16.48, for a total transaction 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 transaction 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 stock was sold at an average price of $16.44, for a total transaction of $144,672.00.

BlackRock Capital Allocation Term Trust Stock Performance

BlackRock Capital Allocation Term Trust stock traded down $0.02 during midday trading on Tuesday, reaching $16.18. 267,594 shares of the stock were exchanged, compared to its average volume of 352,641. The company's fifty day moving average is $16.37 and its 200-day moving average is $16.25. BlackRock Capital Allocation Term Trust has a 52 week low of $13.67 and a 52 week high of $17.18.

BlackRock Capital Allocation Term Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a $0.2871 dividend. This is a positive change from BlackRock Capital Allocation Term Trust's previous monthly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $3.45 dividend on an annualized basis and a dividend yield of 21.30%.

Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust

A number of institutional investors have recently made changes to their positions in the stock. Claro Advisors LLC boosted its stake in shares of BlackRock Capital Allocation Term Trust by 101.3% in the 3rd quarter. Claro Advisors LLC now owns 31,734 shares of the company's stock valued at $522,000 after purchasing an additional 15,969 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust in the 2nd quarter valued at $2,967,000. Truist Financial Corp purchased a new stake in BlackRock Capital Allocation Term Trust during the 2nd quarter valued at $319,000. Quarry LP boosted its position in BlackRock Capital Allocation Term Trust by 68.4% during the 2nd quarter. Quarry LP now owns 69,034 shares of the company's stock valued at $1,133,000 after buying an additional 28,045 shares during the period. Finally, Almitas Capital LLC purchased a new stake in BlackRock Capital Allocation Term Trust during the 2nd quarter valued at $728,000. Institutional investors own 36.12% of the company's stock.

BlackRock Capital Allocation Term Trust Company Profile

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