27,500 Shares in Apollo Tactical Income Fund Inc. (NYSE:AIF) Purchased by Citizens Business Bank

Citizens Business Bank bought a new position in shares of Apollo Tactical Income Fund Inc. (NYSE:AIF) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 27,500 shares of the company’s stock, valued at approximately $377,000.

Other institutional investors have also added to or reduced their stakes in the company. FinTrust Capital Advisors LLC bought a new position in Apollo Tactical Income Fund during the third quarter worth about $35,000. Clough Capital Partners L P bought a new position in Apollo Tactical Income Fund during the third quarter worth about $210,000. Nottingham Advisors Inc. lifted its stake in Apollo Tactical Income Fund by 19.4% during the third quarter. Nottingham Advisors Inc. now owns 15,708 shares of the company’s stock worth $210,000 after purchasing an additional 2,549 shares during the period. Redmont Wealth Advisors LLC bought a new position in Apollo Tactical Income Fund during the fourth quarter worth about $219,000. Finally, Ausdal Financial Partners Inc. bought a new position in Apollo Tactical Income Fund during the fourth quarter worth about $226,000.

Apollo Tactical Income Fund Stock Down 0.3 %

AIF traded down $0.04 during midday trading on Tuesday, reaching $14.16. 86,073 shares of the company’s stock were exchanged, compared to its average volume of 137,338. Apollo Tactical Income Fund Inc. has a one year low of $11.95 and a one year high of $15.45. The business has a 50-day simple moving average of $14.57 and a two-hundred day simple moving average of $13.96.

Apollo Tactical Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be paid a $0.144 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.73 dividend on an annualized basis and a dividend yield of 12.20%. This is a boost from Apollo Tactical Income Fund’s previous monthly dividend of $0.14.

Insider Activity

In related news, Director Barry J. Cohen sold 7,882 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $15.10, for a total value of $119,018.20. Following the completion of the sale, the director now owns 6,000 shares of the company’s stock, valued at $90,600. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Apollo Tactical Income Fund Company Profile

Apollo Tactical Income Fund Inc is a closed-ended fixed income fund launched and managed by Apollo Credit Management, LLC. The fund invests in fixed income markets. It primarily invests in senior secured loans including floating rate senior loans, high yield corporate bonds, and other credit instruments of varying maturities made to companies whose debt is typically rated below investment grade.