Total Return Securities (NYSE:SWZ) Stock Price Passes Below 200-Day Moving Average – What’s Next?
by Amy Steele · The Cerbat GemShares of Total Return Securities, Inc. (NYSE:SWZ – Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.07 and traded as low as $5.96. Total Return Securities shares last traded at $5.9650, with a volume of 29,954 shares.
Total Return Securities Trading Up 0.1%
The firm has a fifty day moving average of $6.01 and a 200-day moving average of $6.07.
Insider Buying and Selling at Total Return Securities
In other news, insider Phillip Goldstein acquired 10,000 shares of Total Return Securities stock in a transaction that occurred on Wednesday, March 18th. The stock was purchased at an average cost of $5.98 per share, with a total value of $59,800.00. Following the completion of the acquisition, the insider owned 113,234 shares in the company, valued at $677,139.32. This trade represents a 9.69% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew Dakos acquired 12,500 shares of Total Return Securities stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average cost of $5.97 per share, with a total value of $74,625.00. Following the completion of the acquisition, the chief executive officer owned 62,095 shares of the company’s stock, valued at $370,707.15. The trade was a 25.20% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 84,754 shares of company stock valued at $510,129. 0.03% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Total Return Securities
Hedge funds have recently bought and sold shares of the stock. Alpine Global Management LLC purchased a new position in Total Return Securities during the third quarter worth $532,000. Yakira Capital Management Inc. increased its position in Total Return Securities by 37.8% during the third quarter. Yakira Capital Management Inc. now owns 192,016 shares of the closed-end fund’s stock worth $1,167,000 after buying an additional 52,639 shares in the last quarter. Uhlmann Price Securities LLC increased its position in Total Return Securities by 6.7% during the third quarter. Uhlmann Price Securities LLC now owns 111,654 shares of the closed-end fund’s stock worth $679,000 after buying an additional 7,045 shares in the last quarter. Marex Group plc purchased a new position in Total Return Securities during the fourth quarter worth $62,000. Finally, Raymond James Financial Inc. purchased a new position in Total Return Securities during the second quarter worth $55,000. Hedge funds and other institutional investors own 41.12% of the company’s stock.
Total Return Securities Company Profile
Total Return Securities (NYSE:SWZ) is a closed-end management investment company listed on the New York Stock Exchange. The fund seeks to deliver a high total return for shareholders by combining capital appreciation with current income. It provides access to a diversified portfolio of equity and fixed-income securities spanning multiple industries and regions.
SWZ’s investment strategy typically blends dividend-paying common stocks, corporate bonds and other credit instruments. The fund may employ moderate leverage to enhance returns and pursues an active management approach, dynamically adjusting its allocations in response to evolving market conditions.