Babson Capital Glbl Shrt Drtn Hgh Yld Fd Insider Purchases $35,295 in Stock (BGH)
Babson Capital Glbl Shrt Drtn Hgh Yld Fd (NYSE:BGH) Insider Mark Senkpiel bought 1,500 shares of Babson Capital Glbl Shrt Drtn Hgh Yld Fd stock in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average cost of $23.53 per share, with a total value of $35,295.00. Following the acquisition, the insider now directly owns 9,000 shares in the company, valued at approximately $211,770. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Babson Capital Glbl Shrt Drtn Hgh Yld Fd (NYSE:BGH) traded down 0.21% during mid-day trading on Thursday, hitting $23.40. 38,659 shares of the company’s stock traded hands. Babson Capital Glbl Shrt Drtn Hgh Yld Fd has a one year low of $22.35 and a one year high of $24.71. The stock’s 50-day moving average is $23.82 and its 200-day moving average is $24.13.
The company also recently declared a monthly dividend, which is scheduled for Monday, November 3rd. Shareholders of record on Thursday, October 23rd will be given a dividend of $0.1677 per share. This represents a $2.01 dividend on an annualized basis and a yield of 8.58%. The ex-dividend date of this dividend is Tuesday, October 21st.
Babson Capital Global Short Duration High Yield Fund (NYSE:BGH), formerly Babson Capital Global Floating Rate & Income Fund, is an organized, non-diversified, closed-end management investment company.
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