NYSE:XFLT XAI Octagon Floating Rate & Alternative Income Trust (XFLT) Stock Price, News & Analysis → This military-backed stock “owns” AI market (From Porter & Company) (Ad) Free XFLT Stock Alerts $7.09 0.00 (0.00%) (As of 05/31/2024 ET) Add Compare Share Share Today's Range$7.08▼$7.1350-Day Range$6.97▼$7.1652-Week Range$6.34▼$7.76Volume261,576 shsAverage Volume366,432 shsMarket CapitalizationN/AP/E Ratio8.15Dividend Yield14.39%Price Target$8.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrends Get XAI Octagon Floating Rate & Alternative Income Trust alerts: Email Address XAI Octagon Floating Rate & Alternative Income Trust MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside12.8% Upside$8.00 Price TargetShort InterestHealthyDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$48,962 Bought Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.0.81 out of 5 stars 2.5 Analyst's Opinion Consensus RatingXAI Octagon Floating Rate & Alternative Income Trust has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Amount of Analyst CoverageXAI Octagon Floating Rate & Alternative Income Trust has received no research coverage in the past 90 days.Read more about XAI Octagon Floating Rate & Alternative Income Trust's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares ShortedShort Interest Ratio / Days to CoverXAI Octagon Floating Rate & Alternative Income Trust has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in XAI Octagon Floating Rate & Alternative Income Trust has recently decreased by 3.46%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldXAI Octagon Floating Rate & Alternative Income Trust has a dividend yield of 0.10%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthXAI Octagon Floating Rate & Alternative Income Trust has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of XAI Octagon Floating Rate & Alternative Income Trust is 117.24%. Payout ratios above 75% are not desirable because they may not be sustainable.Read more about XAI Octagon Floating Rate & Alternative Income Trust's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for XFLT. Previous Next 0.6 News and Social Media Coverage Search InterestOnly 5 people have searched for XFLT on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.MarketBeat Follows9 people have added XAI Octagon Floating Rate & Alternative Income Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 80% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, XAI Octagon Floating Rate & Alternative Income Trust insiders have bought more of their company's stock than they have sold. Specifically, they have bought $48,962.00 in company stock and sold $0.00 in company stock.Read more about XAI Octagon Floating Rate & Alternative Income Trust's insider trading history. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of XAI Octagon Floating Rate & Alternative Income Trust is 8.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.50.Price to Earnings Ratio vs. SectorThe P/E ratio of XAI Octagon Floating Rate & Alternative Income Trust is 8.15, which means that it is trading at a more expensive P/E ratio than the Miscellaneous sector average P/E ratio of about 0.47. Previous Next See Top Rated MarketRank™ Stocks Here Ad Wealthpin ProTrump’s Gift Could Unleash $51 Billion in New WealthIn January 2021, Donald Trump silently rolled out a special gift to the American public… One that top house republicans called “The Key To America’s Economic Future”.You just have to make this simple move before July 30, 2024. About XAI Octagon Floating Rate & Alternative Income Trust Stock (NYSE:XFLT)XAI Octagon Floating Rate & Alternative Income Term Trust invests in a dynamically managed portfolio of floating-rate credit instruments and other structured credit investments within the private markets. Under normal market conditions, the Trust will invest at least 80% of managed assets in senior secured loans, CLO debt and CLO equity. The Trust seeks attractive total return with an emphasis on income generation across multiple stages of the credit cycle. There can be no assurance that the Trust will achieve its investment objective, and you could lose some or all of your investment.Read More XFLT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart XFLT Stock News HeadlinesMay 13, 2024 | insidertrades.comXAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) CEO Buys $24,363.21 in StockMay 23, 2024 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Trust Will Host Q1 2024 Quarterly Webinar on May 30, 2024May 23, 2024 | businesswire.comXAI Octagon Floating Rate & Alternative Income Trust Will Host Q1 2024 Quarterly Webinar on May 30, 2024May 1, 2024 | businesswire.comXAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.085 per ShareApril 11, 2024 | businesswire.comKimberly Flynn Promoted to President of XA Investments LLCApril 1, 2024 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution and Quarterly Preferred Shares DividendMarch 12, 2024 | wsj.comXAI Octagon Floating Rate & Alternative Income Trust 6.5% Pfd.March 1, 2024 | businesswire.comXAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.085 per ShareFebruary 21, 2024 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Trust Will Host Q4 2023 Quarterly Webinar on February 29, 2024February 21, 2024 | businesswire.comXAI Octagon Floating Rate & Alternative Income Trust Will Host Q4 2023 Quarterly Webinar on February 29, 2024February 1, 2024 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.085 per ShareFebruary 1, 2024 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Trust Announces Registered Direct Placement of Common SharesJanuary 24, 2024 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Term Trust Announces Shareholder Approval of Important ProposalsJanuary 22, 2024 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Term Trust Declares its Monthly Common Shares Distribution and Quarterly Preferred Shares DividendJanuary 22, 2024 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Term Trust Announces Portfolio Management ChangeDecember 19, 2023 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Term Trust Adjourns Special Meeting of Shareholders to Permit Further Solicitation of ProxiesNovember 20, 2023 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Term Trust Will Host Q3 2023 Quarterly Webinar on November 30, 2023October 27, 2023 | investing.comXFLT_pa Historical DataOctober 26, 2023 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Term Trust Announces Board Approval of Proposal to Become Perpetual Fund and New Sub-Advisory Agreement with Octagon Credit InvestorsSeptember 13, 2023 | msn.comB. Riley Securities Maintains XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) Buy RecommendationAugust 28, 2023 | msn.comXFLT: DRIP At A Discount To Stream Your Income Into A River Of CashAugust 24, 2023 | msn.comXFLT: Is Its Premium Warranted?August 10, 2023 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Term Trust Will Host Q2 2023 Quarterly Webinar on August 22, 2023August 8, 2023 | thestreet.comXAI Octagon Floating Rate & Alternative Income Term Trust 6.50% Series 2026 Term Preferred Shares (Liquidation Preference $25.00)July 28, 2023 | thestreet.comXAI Octagon Floating Rate & Alternative Income Term Trust of Beneficial InterestSee More Headlines Receive XFLT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for XAI Octagon Floating Rate & Alternative Income Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 5/1 Dividend4/12/2024Dividend Payable5/01/2024Ex-Dividend for 6/3 Dividend5/15/2024Today6/01/2024Dividend Payable6/03/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorMiscellaneous Industry Investment Trusts & Mutual Funds Sub-IndustryN/A Current SymbolNYSE:XFLT CUSIPN/A CIK1703079 Webwww.xainvestments.com Phone312-374-6930FaxN/AEmployees147,000Year FoundedN/APrice Target and Rating Average Stock Price Target$8.00 High Stock Price Target$8.00 Low Stock Price Target$8.00 Potential Upside/Downside+12.8%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E Ratio8.15 Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity RatioN/A Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$53.00 million Price / SalesN/A Cash FlowN/A Price / Cash FlowN/A Book ValueN/A Price / BookN/AMiscellaneous Outstanding SharesN/AFree FloatN/AMarket CapN/A OptionableNot Optionable BetaN/A The Best High-Yield Dividend Stocks for 2024Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMr. Benjamin David MccullochChief Legal Officer & Sec.Ms. Lauren Michelle BasmadjianPortfolio Mang.Ms. Gretchen Mae Mohr Lam CFAPortfolio Mang.Key CompetitorsAberdeen Total Dynamic Dividend FundNYSE:AODBNY Mellon Alcentra Global Credit Income 2024 Target Term FundNYSE:DCFCohen & Steers Limited Duration Preferred and Income FundNYSE:LDPRiverNorth Capital and Income FundNYSE:RSFNuveen Multi-Asset Income FundNYSE:NMAIView All CompetitorsInsiders & InstitutionsAlexander Labrunerie & CO. Inc.Bought 59,200 shares on 5/29/2024Ownership: 0.000%B. Riley Wealth Advisors Inc.Bought 2,644 shares on 5/16/2024Ownership: 0.000%John Yogi SpenceBought 3,450 shares on 5/10/2024Total: $24,598.50 ($7.13/share)Theodore J BrombachBought 3,417 shares on 5/9/2024Total: $24,363.21 ($7.13/share)Atomi Financial Group Inc.Sold 3,844 shares on 5/7/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions XFLT Stock Analysis - Frequently Asked Questions Should I buy or sell XAI Octagon Floating Rate & Alternative Income Trust stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for XAI Octagon Floating Rate & Alternative Income Trust in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" XFLT shares. View XFLT analyst ratings or view top-rated stocks. What is XAI Octagon Floating Rate & Alternative Income Trust's stock price target for 2024? 1 Wall Street research analysts have issued 1 year target prices for XAI Octagon Floating Rate & Alternative Income Trust's stock. Their XFLT share price targets range from $8.00 to $8.00. On average, they anticipate the company's stock price to reach $8.00 in the next year. This suggests a possible upside of 12.8% from the stock's current price. View analysts price targets for XFLT or view top-rated stocks among Wall Street analysts. How have XFLT shares performed in 2024? XAI Octagon Floating Rate & Alternative Income Trust's stock was trading at $7.14 at the beginning of the year. Since then, XFLT shares have decreased by 0.7% and is now trading at $7.09. View the best growth stocks for 2024 here. Are investors shorting XAI Octagon Floating Rate & Alternative Income Trust? XAI Octagon Floating Rate & Alternative Income Trust saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 101,100 shares, a decrease of 36.9% from the April 15th total of 160,200 shares. Based on an average daily volume of 396,500 shares, the short-interest ratio is presently 0.3 days. View XAI Octagon Floating Rate & Alternative Income Trust's Short Interest. How often does XAI Octagon Floating Rate & Alternative Income Trust pay dividends? What is the dividend yield for XAI Octagon Floating Rate & Alternative Income Trust? XAI Octagon Floating Rate & Alternative Income Trust announced a monthly dividend on Wednesday, May 1st. Stockholders of record on Thursday, May 16th will be given a dividend of $0.085 per share on Monday, June 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 14.39%. The ex-dividend date of this dividend is Wednesday, May 15th. Read our dividend analysis for XFLT. Is XAI Octagon Floating Rate & Alternative Income Trust a good dividend stock? XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) pays an annual dividend of $1.02 per share and currently has a dividend yield of 0.10%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 117.24%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for XFLT. What ETF holds XAI Octagon Floating Rate & Alternative Income Trust's stock? Virtus Private Credit Strategy ETF holds 152,432 shares of XFLT stock, representing 2.24% of its portfolio. What other stocks do shareholders of XAI Octagon Floating Rate & Alternative Income Trust own? Based on aggregate information from My MarketBeat watchlists, some companies that other XAI Octagon Floating Rate & Alternative Income Trust investors own include AGNC Investment (AGNC), Oxford Lane Capital (OXLC), Eagle Point Credit (ECC), Annaly Capital Management (NLY), Ares Capital (ARCC), Iron Mountain (IRM), abrdn Global Premier Properties Fund (AWP), Highland Funds I - Highland Opportunities and Income Fund (HFRO), Cohen & Steers MLP Income and Energy Opportunity Fund (MIE) and Monroe Capital (MRCC). Who are XAI Octagon Floating Rate & Alternative Income Trust's major shareholders? XAI Octagon Floating Rate & Alternative Income Trust's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Private Advisor Group LLC (0.00%), B. Riley Wealth Advisors Inc. (0.00%), Alexander Labrunerie & CO. Inc. (0.00%), J.W. Cole Advisors Inc. (0.00%), PFG Investments LLC (0.00%) and CFO4Life Group LLC (0.00%). Insiders that own company stock include Benjamin Mcculloch, John P Mcgarrity, John Yogi Spence and Theodore J Brombach. View institutional ownership trends. How do I buy shares of XAI Octagon Floating Rate & Alternative Income Trust? Shares of XFLT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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