Insider Selling: BlackRock Capital Allocation Term Trust (NYSE:BCAT) Major Shareholder Sells 28,670 Shares of Stock

BlackRock Capital Allocation Term Trust (NYSE:BCAT) major shareholder Saba Capital Management, L.P. sold 28,670 shares of BlackRock Capital Allocation Term Trust stock in a transaction on Monday, October 21st. The stock was sold at an average price of $16.27, for a total transaction of $466,460.90. Following the sale, the insider now directly owns 14,888,870 shares of the company’s stock, valued at approximately $242,241,914.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Friday, October 18th, Saba Capital Management, L.P. sold 38,785 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.32, for a total value of $632,971.20.
• On Wednesday, October 16th, Saba Capital Management, L.P. sold 40,158 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.27, for a total value of $653,370.66.
• On Monday, October 14th, Saba Capital Management, L.P. sold 166,128 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.60, for a total value of $2,757,724.80.
• On Friday, October 11th, Saba Capital Management, L.P. sold 65,953 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.51, for a total transaction of $1,088,884.03.
• On Wednesday, October 9th, Saba Capital Management, L.P. sold 72,094 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.45, for a total value of $1,185,946.30.
• On Monday, October 7th, Saba Capital Management, L.P. sold 66,481 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.48, for a total value of $1,095,606.88.
• On Friday, October 4th, Saba Capital Management, L.P. sold 52,067 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.47, for a total value of $857,543.49.
• On Wednesday, October 2nd, Saba Capital Management, L.P. sold 75,831 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.48, for a total value of $1,249,694.88.
• On Monday, September 30th, Saba Capital Management, L.P. sold 44,884 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.48, for a total transaction of $739,688.32.
• On Wednesday, September 25th, Saba Capital Management, L.P. sold 8,800 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.44, for a total transaction of $144,672.00.

BlackRock Capital Allocation Term Trust Price Performance

Shares of NYSE:BCAT remained flat at $16.20 during midday trading on Tuesday. 228,921 shares of the stock traded hands, compared to its average volume of 352,388. BlackRock Capital Allocation Term Trust has a 1-year low of $13.67 and a 1-year high of $17.18. The company’s 50-day moving average price is $16.37 and its 200 day moving average price is $16.25.

BlackRock Capital Allocation Term Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.2871 per share. This represents a $3.45 dividend on an annualized basis and a yield of 21.27%. The ex-dividend date is Tuesday, October 15th. This is a positive change from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.

Institutional Investors Weigh In On BlackRock Capital Allocation Term Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Eagle Rock Investment Company LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust during the 1st quarter worth $298,000. Truist Financial Corp acquired a new position in BlackRock Capital Allocation Term Trust during the second quarter worth about $319,000. Ironsides Asset Advisors LLC lifted its holdings in shares of BlackRock Capital Allocation Term Trust by 14.1% in the first quarter. Ironsides Asset Advisors LLC now owns 29,133 shares of the company’s stock valued at $485,000 after purchasing an additional 3,606 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in shares of BlackRock Capital Allocation Term Trust by 18.6% in the first quarter. Oppenheimer & Co. Inc. now owns 29,180 shares of the company’s stock valued at $486,000 after purchasing an additional 4,586 shares during the last quarter. Finally, Claro Advisors LLC lifted its position in BlackRock Capital Allocation Term Trust by 101.3% during the third quarter. Claro Advisors LLC now owns 31,734 shares of the company’s stock worth $522,000 after buying an additional 15,969 shares during the period. Institutional investors and hedge funds own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Company Profile

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