Apollo Senior Floating Rate Fund Inc (NYSE:AFT) President Joseph A. Moroney purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, March 24th. The stock was bought at an average price of $11.25 per share, with a total value of $11,250.00.

Shares of AFT traded up $0.06 during trading hours on Thursday, reaching $11.31. The company had a trading volume of 17,726 shares, compared to its average volume of 90,026. The firm has a 50 day simple moving average of $13.93 and a 200-day simple moving average of $14.66. Apollo Senior Floating Rate Fund Inc has a 12-month low of $8.01 and a 12-month high of $15.63.

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 18th will be issued a $0.093 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 9.87%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Apollo Senior Floating Rate Fund by 5.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 33,028 shares of the closed-end fund’s stock valued at $500,000 after purchasing an additional 1,569 shares in the last quarter. Q Global Advisors LLC boosted its stake in shares of Apollo Senior Floating Rate Fund by 25.4% during the 4th quarter. Q Global Advisors LLC now owns 63,701 shares of the closed-end fund’s stock worth $964,000 after purchasing an additional 12,907 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Apollo Senior Floating Rate Fund by 10.9% during the 4th quarter. Advisors Asset Management Inc. now owns 290,963 shares of the closed-end fund’s stock worth $4,405,000 after purchasing an additional 28,676 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Apollo Senior Floating Rate Fund by 7.6% during the 4th quarter. Bank of America Corp DE now owns 169,518 shares of the closed-end fund’s stock worth $2,567,000 after purchasing an additional 12,044 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Apollo Senior Floating Rate Fund by 37.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 26,062 shares of the closed-end fund’s stock worth $395,000 after purchasing an additional 7,143 shares during the last quarter.

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.

Further Reading: The Role of a Fiduciary and Individual Investors

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