Special Opp Fd’s (SPE) “Hold” Rating Reiterated at Canaccord Genuity
Special Opp Fd (NYSE:SPE)‘s stock had its “hold” rating reissued by Canaccord Genuity in a report released on Thursday. They currently have a $7.00 price target on the closed-end fund’s stock. Canaccord Genuity’s price objective points to a potential downside of 55.86% from the company’s current price.
Separately, Scotiabank reiterated a “buy” rating and set a $11.25 target price on shares of Special Opp Fd in a research note on Tuesday.
Special Opp Fd (NYSE SPE) traded up 0.2509% during midday trading on Thursday, hitting $15.8997. The stock had a trading volume of 7,340 shares. The firm has a 50-day moving average price of $15.57 and a 200-day moving average price of $15.19. Special Opp Fd has a 1-year low of $13.46 and a 1-year high of $15.93.
A hedge fund recently raised its stake in Special Opp Fd stock. Blue Bell Private Wealth Management LLC grew its stake in shares of Special Opp Fd (NYSE:SPE) by 6.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 230,496 shares of the closed-end fund’s stock after acquiring an additional 13,590 shares during the quarter. Special Opp Fd comprises about 1.7% of Blue Bell Private Wealth Management LLC’s portfolio, making the stock its 13th biggest holding. Blue Bell Private Wealth Management LLC’s holdings in Special Opp Fd were worth $3,504,000 as of its most recent filing with the SEC. 39.56% of the stock is owned by hedge funds and other institutional investors.
About Special Opp Fd
Special Opportunities Fund, Inc (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to achieve total return. The Fund’s investment portfolio consists of investment companies, common stocks, commodity partnerships, preferred stocks, money market funds, corporate notes, liquidating trusts, corporate bonds, promissory notes, senior unsecured notes, warrants and rights.
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