Special Opportunities Fund (SPE) Earns “Buy” Rating from Canaccord Genuity

Special Opportunities Fund (NYSE:SPE)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity in a research note issued to investors on Thursday. They currently have a $8.00 target price on the closed-end fund’s stock. Canaccord Genuity’s price objective points to a potential downside of 49.91% from the company’s previous close.

Separately, Scotiabank reissued a “buy” rating and set a $11.25 price target on shares of Special Opportunities Fund in a research note on Tuesday, October 10th.

Shares of Special Opportunities Fund (SPE) traded up $0.06 during trading hours on Thursday, hitting $15.97. The stock had a trading volume of 6,000 shares, compared to its average volume of 15,710. Special Opportunities Fund has a fifty-two week low of $13.46 and a fifty-two week high of $16.00.

An institutional investor recently raised its position in Special Opportunities Fund stock. Sit Investment Associates Inc. lifted its position in shares of Special Opportunities Fund Inc. (NYSE:SPE) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 449,200 shares of the closed-end fund’s stock after acquiring an additional 12,593 shares during the quarter. Sit Investment Associates Inc.’s holdings in Special Opportunities Fund were worth $7,123,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 45.15% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://www.americanbankingnews.com/2017/12/01/special-opportunities-fund-spe-earns-buy-rating-from-canaccord-genuity.html.

Special Opportunities Fund Company Profile

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.

Receive News & Ratings for Special Opportunities Fund Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Special Opportunities Fund Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply