Insider Buying: Total Return Securities (NYSE:SWZ) CEO Purchases 12,000 Shares of Stock

Total Return Securities, Inc. (NYSE:SWZ) CEO Andrew Dakos bought 12,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was purchased at an average cost of $6.01 per share, with a total value of $72,120.00. Following the completion of the acquisition, the chief executive officer directly owned 49,595 shares of the company’s stock, valued at approximately $298,065.95. The trade was a 31.92% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Andrew Dakos also recently made the following trade(s):

• On Friday, March 6th, Andrew Dakos acquired 12,500 shares of Total Return Securities stock. The stock was purchased at an average price of $5.97 per share, with a total value of $74,625.00.
• On Friday, February 27th, Andrew Dakos bought 2,000 shares of Total Return Securities stock. The shares were acquired at an average price of $6.20 per share, for a total transaction of $12,400.00.
• On Thursday, February 26th, Andrew Dakos purchased 5,000 shares of Total Return Securities stock. The shares were acquired at an average cost of $6.17 per share, for a total transaction of $30,850.00.
• On Wednesday, February 4th, Andrew Dakos bought 6,000 shares of Total Return Securities stock. The shares were bought at an average price of $6.03 per share, for a total transaction of $36,180.00.
• On Tuesday, February 3rd, Andrew Dakos bought 10,000 shares of Total Return Securities stock. The stock was bought at an average price of $5.97 per share, for a total transaction of $59,700.00.

Total Return Securities Stock Performance

Shares of SWZ stock traded up $0.06 on Monday, reaching $5.99. The stock had a trading volume of 57,914 shares, compared to its average volume of 128,749. The company has a 50 day simple moving average of $6.12 and a 200 day simple moving average of $6.08. Total Return Securities, Inc. has a 1 year low of $5.84 and a 1 year high of $9.43.

Hedge Funds Weigh In On Total Return Securities

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Matisse Capital bought a new position in shares of Total Return Securities during the third quarter worth $3,691,000. North Ground Capital boosted its holdings in shares of Total Return Securities by 241.6% during the 4th quarter. North Ground Capital now owns 661,145 shares of the closed-end fund’s stock valued at $4,112,000 after purchasing an additional 467,622 shares during the last quarter. Alpine Global Management LLC grew its position in shares of Total Return Securities by 372.2% during the fourth quarter. Alpine Global Management LLC now owns 413,169 shares of the closed-end fund’s stock valued at $2,570,000 after purchasing an additional 325,669 shares in the last quarter. Saba Capital Management L.P. increased its holdings in shares of Total Return Securities by 100.0% in the fourth quarter. Saba Capital Management L.P. now owns 605,224 shares of the closed-end fund’s stock worth $3,764,000 after purchasing an additional 302,612 shares during the last quarter. Finally, Evolve Private Wealth LLC purchased a new stake in shares of Total Return Securities in the fourth quarter worth about $1,355,000. 41.12% of the stock is currently owned by hedge funds and other institutional investors.

About Total Return Securities

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.