Barry J. Cohen Sells 7,882 Shares of Apollo Tactical Income Fund Inc. (NYSE:AIF) Stock

Apollo Tactical Income Fund Inc. (NYSE:AIFGet Free Report) Director Barry J. Cohen sold 7,882 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $15.10, for a total value of $119,018.20. Following the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $90,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Apollo Tactical Income Fund Stock Up 0.2 %

Shares of AIF stock traded up $0.03 on Monday, reaching $15.37. The stock had a trading volume of 88,059 shares, compared to its average volume of 125,429. The firm’s 50-day moving average is $14.42 and its two-hundred day moving average is $13.59. Apollo Tactical Income Fund Inc. has a 12 month low of $11.77 and a 12 month high of $15.45.

Apollo Tactical Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.133 per share. This represents a $1.60 annualized dividend and a dividend yield of 10.38%. The ex-dividend date was Wednesday, February 21st.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AIF shares. BMO Capital Markets restated a “market perform” rating and issued a $53.00 target price (down from $68.00) on shares of Apollo Tactical Income Fund in a research report on Friday, November 10th. Royal Bank of Canada decreased their price objective on Apollo Tactical Income Fund from $55.00 to $52.00 and set a “sector perform” rating on the stock in a report on Friday, November 10th.

View Our Latest Report on AIF

Institutional Investors Weigh In On Apollo Tactical Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new stake in Apollo Tactical Income Fund in the first quarter worth $29,000. FinTrust Capital Advisors LLC purchased a new position in Apollo Tactical Income Fund during the 3rd quarter valued at $35,000. Captrust Financial Advisors purchased a new stake in Apollo Tactical Income Fund in the 2nd quarter valued at about $49,000. Apollo Management Holdings L.P. bought a new position in shares of Apollo Tactical Income Fund during the 1st quarter worth $63,000. Finally, Cetera Advisor Networks LLC purchased a new stake in shares of Apollo Tactical Income Fund during the 4th quarter worth $125,000.

Apollo Tactical Income Fund Company Profile

(Get Free Report)

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.

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