Cadence Opportunities Fund Limited (ASX:CDO) Insider Acquires A$51,841.64 in Stock

Cadence Opportunities Fund Limited (ASX:CDO) insider Karl Siegling acquired 30,531 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were acquired at an average price of A$1.70 ($1.13) per share, with a total value of A$51,841.64 ($34,561.09).

Karl Siegling also recently made the following trade(s):

• On Thursday, May 16th, Karl Siegling bought 23,026 shares of Cadence Opportunities Fund stock. The stock was purchased at an average price of A$1.72 ($1.14) per share, with a total value of A$39,535.64 ($26,357.09).
• On Monday, May 13th, Karl Siegling bought 28,314 shares of Cadence Opportunities Fund stock. The stock was purchased at an average price of A$1.73 ($1.15) per share, with a total value of A$48,898.28 ($32,598.85).
• On Monday, April 29th, Karl Siegling bought 29,996 shares of Cadence Opportunities Fund stock. The stock was purchased at an average price of A$1.79 ($1.20) per share, with a total value of A$53,782.83 ($35,855.22).
• On Tuesday, April 23rd, Karl Siegling bought 36,907 shares of Cadence Opportunities Fund stock. The stock was purchased at an average price of A$1.81 ($1.21) per share, with a total value of A$66,727.86 ($44,485.24).

Cadence Opportunities Fund Stock Performance

The company has a quick ratio of 4.44, a current ratio of 5.50 and a debt-to-equity ratio of 16.68.

Cadence Opportunities Fund Cuts Dividend

The company also recently announced a Interim dividend, which was paid on Monday, April 29th. Investors of record on Monday, April 29th were paid a $0.065 dividend. This represents a dividend yield of 3.56%. The ex-dividend date was Sunday, April 14th. Cadence Opportunities Fund’s dividend payout ratio is currently 29.76%.

About Cadence Opportunities Fund

Cadence Opportunities Fund Limited invests in securities listed in Australia and internationally. The company was incorporated in 2018 and is based in Sydney, Australia.