Total Return Securities (NYSE:SWZ) Stock: Insider Andrew Dakos Buys 10,000 Shares

Key Points

• CEO Andrew Dakos bought 10,000 SWZ shares at an average price of $5.81, investing $58,100 and increasing his ownership by 25% to 50,000 shares.
• Dakos has made additional purchases recently, including 10,000 shares on September 28 and 5,000 shares in July, indicating continued insider buying.
• SWZ shares fell 0.7% to $5.74, near the stock’s 52-week low of $5.73; institutional investors own 41.12% of the fund.

Total Return Securities, Inc. (NYSE:SWZ - Get Free Report) CEO Andrew Dakos acquired 10,000 shares of the firm's stock in a transaction on Friday, September 25th. The stock was acquired at an average cost of $5.81 per share, with a total value of $58,100.00. Following the acquisition, the chief executive officer owned 50,000 shares of the company's stock, valued at $290,500. This trade represents a 25.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, September 28th, Andrew Dakos bought 10,000 shares of Total Return Securities stock. The shares were acquired at an average cost of $5.77 per share, for a total transaction of $57,700.00.
• On Thursday, July 2nd, Andrew Dakos purchased 5,000 shares of Total Return Securities stock. The stock was acquired at an average price of $5.92 per share, for a total transaction of $29,600.00.

Total Return Securities Trading Down 0.7%

Shares of NYSE SWZ traded down $0.04 during midday trading on Tuesday, hitting $5.74. The company's stock had a trading volume of 30,087 shares, compared to its average volume of 70,259. Total Return Securities, Inc. has a 1-year low of $5.73 and a 1-year high of $6.31. The firm's fifty day moving average price is $5.92 and its 200-day moving average price is $5.96.

Hedge Funds Weigh In On Total Return Securities

Institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP bought a new stake in shares of Total Return Securities in the 2nd quarter worth approximately $220,000. Almitas Capital LLC bought a new position in Total Return Securities during the 2nd quarter worth $687,000. Bank of America Corp DE bought a new position in Total Return Securities during the 2nd quarter worth $5,152,000. Evolve Private Wealth LLC acquired a new stake in Total Return Securities in the second quarter worth $827,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in Total Return Securities in the second quarter worth $581,000. 41.12% of the stock is owned by institutional investors.

Total Return Securities Company Profile

Total Return Securities NYSE: SWZ is a closed-end investment fund focused primarily on publicly traded companies in Switzerland. Rather than operating a commercial business, the fund provides investors with a vehicle for gaining exposure to Swiss equities and the broader Swiss market.

The fund's portfolio may include companies from multiple industries and is managed with the objective of providing shareholders with long-term capital appreciation and income through investments in Swiss securities.

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