Mathes Company Inc. Has $1.59 Million Stock Position in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Posted by William Tyler on Nov 2nd, 2024

Mathes Company Inc. lifted its stake in BlackRock Capital Allocation Term Trust (NYSE:BCAT – Free Report) by 6.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 96,500 shares of the company’s stock after purchasing an additional 5,500 shares during the quarter. Mathes Company Inc. owned 0.09% of BlackRock Capital Allocation Term Trust worth $1,587,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BCAT. Sanctuary Advisors LLC acquired a new stake in BlackRock Capital Allocation Term Trust during the 2nd quarter worth about $2,967,000. Prevail Innovative Wealth Advisors LLC acquired a new stake in BlackRock Capital Allocation Term Trust during the 2nd quarter worth about $1,452,000. Almitas Capital LLC acquired a new stake in BlackRock Capital Allocation Term Trust during the 2nd quarter worth about $728,000. 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 worth $1,133,000 after acquiring an additional 28,045 shares during the period. Finally, Truist Financial Corp purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the 2nd quarter worth about $319,000. 36.12% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Capital Allocation Term Trust Stock Up 0.8 %

BCAT opened at $16.03 on Friday. BlackRock Capital Allocation Term Trust has a fifty-two week low of $14.29 and a fifty-two week high of $17.18. The business has a 50-day moving average of $16.34 and a 200-day moving average of $16.25.

BlackRock Capital Allocation Term Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were paid a dividend of $0.2871 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. This represents a $3.45 dividend on an annualized basis and a dividend yield of 21.49%.

Insider Transactions at BlackRock Capital Allocation Term Trust

In other news, major shareholder Saba Capital Management, L.P. sold 14,973 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $16.41, for a total transaction of $245,706.93. Following the completion of the sale, the insider now directly owns 16,302,733 shares of the company’s stock, valued at $267,527,848.53. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 723,927 shares of company stock valued at $11,925,047 in the last three months.