Apollo Senior Floating Rate Fund (NYSE:AFT) Stock Price Crosses Above 200 Day Moving Average of $13.63

Apollo Senior Floating Rate Fund Inc. (NYSE:AFT)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.63 and traded as high as $14.42. Apollo Senior Floating Rate Fund shares last traded at $14.31, with a volume of 99,340 shares changing hands.

Apollo Senior Floating Rate Fund Trading Down 0.7 %

The firm’s fifty day moving average is $14.25 and its 200-day moving average is $13.63.

Apollo Senior Floating Rate Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be issued a dividend of $0.14 per share. This represents a $1.68 dividend on an annualized basis and a yield of 11.74%. The ex-dividend date is Monday, April 22nd.

Insider Transactions at Apollo Senior Floating Rate Fund

In other news, Director Barry J. Cohen purchased 8,365 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were purchased at an average price of $14.19 per share, for a total transaction of $118,699.35. Following the transaction, the director now owns 18,365 shares of the company’s stock, valued at $260,599.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AFT. Advisor Partners II LLC acquired a new position in shares of Apollo Senior Floating Rate Fund during the 3rd quarter valued at $2,197,000. Advisors Asset Management Inc. grew its stake in shares of Apollo Senior Floating Rate Fund by 43.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 400,919 shares of the closed-end fund’s stock worth $5,388,000 after acquiring an additional 121,603 shares in the last quarter. Saba Capital Management L.P. grew its stake in shares of Apollo Senior Floating Rate Fund by 8.7% in the 3rd quarter. Saba Capital Management L.P. now owns 253,837 shares of the closed-end fund’s stock worth $3,412,000 after acquiring an additional 20,215 shares in the last quarter. Raymond James & Associates bought a new stake in shares of Apollo Senior Floating Rate Fund in the 3rd quarter worth $143,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Apollo Senior Floating Rate Fund in the 4th quarter worth $141,000.

Apollo Senior Floating Rate Fund Company Profile

Apollo Senior Floating Rate Fund Inc is a closed ended fixed income mutual fund launched and managed by Apollo Credit Management, LLC. The Fund invests in fixed income markets. It primarily invests in senior secured loans made to companies whose debt is rated below investment grade. The Fund employs a conservative approach to credit selection that focuses on collateral coverage, structural seniority, and credit fundamentals, with emphasis on leading defensible market positions, stable companies with positive cash flow, and proven management teams.