Almitas Capital LLC Buys Shares of 44,339 BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Almitas Capital LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) during the 2nd quarter, Holdings Channel reports. The firm bought 44,339 shares of the company’s stock, valued at approximately $728,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of BCAT. Wells Fargo & Company MN raised its stake in shares of BlackRock Capital Allocation Term Trust by 0.9% in the 4th quarter. Wells Fargo & Company MN now owns 495,095 shares of the company’s stock worth $7,402,000 after buying an additional 4,437 shares in the last quarter. Stifel Financial Corp raised its stake in shares of BlackRock Capital Allocation Term Trust by 30.3% in the 4th quarter. Stifel Financial Corp now owns 488,792 shares of the company’s stock worth $7,307,000 after buying an additional 113,628 shares in the last quarter. Karpus Management Inc. raised its stake in shares of BlackRock Capital Allocation Term Trust by 19.6% in the 4th quarter. Karpus Management Inc. now owns 26,600 shares of the company’s stock worth $398,000 after buying an additional 4,350 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust in the 4th quarter worth $315,000. Finally, Eagle Rock Investment Company LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust in the 1st quarter worth $298,000. Institutional investors own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Price Performance

BCAT opened at $16.38 on Friday. BlackRock Capital Allocation Term Trust has a one year low of $13.67 and a one year high of $17.18. The stock’s fifty day moving average is $16.29 and its 200-day moving average is $16.22.

BlackRock Capital Allocation Term Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a $0.2871 dividend. This represents a $3.45 dividend on an annualized basis and a dividend yield of 21.04%. The ex-dividend date is Tuesday, October 15th. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.

Insider Transactions at BlackRock Capital Allocation Term Trust

In related news, major shareholder Saba Capital Management, L.P. sold 33,209 shares of BlackRock Capital Allocation Term Trust stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $16.44, for a total value of $545,955.96. Following the transaction, the insider now directly owns 16,185,465 shares in the company, valued at approximately $266,089,044.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 72,876 shares of company stock valued at $1,197,155.

About BlackRock Capital Allocation Term Trust

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