Insider Buying: Total Return Securities (NYSE:SWZ) CEO Buys 3,324 Shares of Stock

Key Points

• CEO Andrew Dakos purchased 3,324 shares on March 12 at $6.00, bringing his direct holdings to 67,119 shares valued at about $402,714, a 5.21% increase in his stake.
• Consistent insider buying: Dakos bought roughly 52,524 shares across multiple trades since Feb 3, spending about $316,000 in total, signaling sustained accumulation by management.
• Market context: SWZ trades near $5.98 (50‑day MA $6.10, 200‑day MA $6.08) with a one‑year range of $5.84–$9.43, and institutional investors own 41.12% after several funds meaningfully increased positions.

Total Return Securities, Inc. (NYSE:SWZ - Get Free Report) CEO Andrew Dakos acquired 3,324 shares of Total Return Securities stock in a transaction dated Thursday, March 12th. The stock was bought at an average price of $6.00 per share, for a total transaction of $19,944.00. Following the completion of the transaction, the chief executive officer directly owned 67,119 shares of the company's stock, valued at approximately $402,714. This represents a 5.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Andrew Dakos also recently made the following trade(s):

• On Wednesday, March 11th, Andrew Dakos acquired 1,700 shares of Total Return Securities stock. The shares were bought at an average cost of $6.00 per share, for a total transaction of $10,200.00.
• On Friday, March 6th, Andrew Dakos acquired 12,500 shares of Total Return Securities stock. The shares were bought at an average price of $5.97 per share, with a total value of $74,625.00.
• On Thursday, March 5th, Andrew Dakos bought 12,000 shares of Total Return Securities stock. The stock was purchased at an average cost of $6.01 per share, with a total value of $72,120.00.
• On Friday, February 27th, Andrew Dakos bought 2,000 shares of Total Return Securities stock. The stock was purchased at an average price of $6.20 per share, for a total transaction of $12,400.00.
• On Thursday, February 26th, Andrew Dakos purchased 5,000 shares of Total Return Securities stock. The shares were purchased at an average cost of $6.17 per share, for a total transaction of $30,850.00.
• On Wednesday, February 4th, Andrew Dakos purchased 6,000 shares of Total Return Securities stock. The shares were purchased at an average price of $6.03 per share, with a total value of $36,180.00.
• On Tuesday, February 3rd, Andrew Dakos acquired 10,000 shares of Total Return Securities stock. The stock was purchased at an average cost of $5.97 per share, with a total value of $59,700.00.

Total Return Securities Stock Performance

Shares of SWZ traded down $0.03 on Friday, hitting $5.98. 5,853 shares of the stock traded hands, compared to its average volume of 75,544. Total Return Securities, Inc. has a 1 year low of $5.84 and a 1 year high of $9.43. The stock's 50 day moving average is $6.10 and its two-hundred day moving average is $6.08.

Institutional Investors Weigh In On Total Return Securities

Several hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its position in shares of Total Return Securities by 10.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,127,310 shares of the closed-end fund's stock valued at $12,934,000 after purchasing an additional 196,505 shares during the period. North Ground Capital lifted its position in Total Return Securities by 241.6% during the fourth quarter. North Ground Capital now owns 661,145 shares of the closed-end fund's stock worth $4,112,000 after buying an additional 467,622 shares during the period. Matisse Capital boosted its stake in Total Return Securities by 0.5% in the 4th quarter. Matisse Capital now owns 610,000 shares of the closed-end fund's stock worth $3,794,000 after buying an additional 3,000 shares during the last quarter. Saba Capital Management L.P. grew its holdings in Total Return Securities by 100.0% in the 4th quarter. Saba Capital Management L.P. now owns 605,224 shares of the closed-end fund's stock valued at $3,764,000 after buying an additional 302,612 shares during the period. Finally, Rivernorth Capital Management LLC grew its holdings in Total Return Securities by 15.4% in the 4th quarter. Rivernorth Capital Management LLC now owns 437,018 shares of the closed-end fund's stock valued at $2,718,000 after buying an additional 58,381 shares during the period. Institutional investors and hedge funds own 41.12% of the company's stock.

About Total Return Securities

Total Return Securities NYSE: SWZ is a closed-end management investment company listed on the New York Stock Exchange. The fund seeks to deliver a high total return for shareholders by combining capital appreciation with current income. It provides access to a diversified portfolio of equity and fixed-income securities spanning multiple industries and regions.

SWZ's investment strategy typically blends dividend-paying common stocks, corporate bonds and other credit instruments. The fund may employ moderate leverage to enhance returns and pursues an active management approach, dynamically adjusting its allocations in response to evolving market conditions.

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