SRH Total Return Fund (NYSE:STEW) Reaches New 1-Year High - Still a Buy?

Key Points

• STEW reached a new 52-week high, trading at $18.96 versus its prior close of $18.76. Its 50-day and 200-day moving averages were $18.03 and $17.79, respectively.
• The fund paid a quarterly dividend of $0.20, equal to $0.80 annually and a 4.2% dividend yield.
• Director Jacob E. Hemmer doubled his holdings by purchasing 5,000 shares at an average price of $17.53, while institutional investors and hedge funds collectively owned 15.61% of the fund.

SRH Total Return Fund, Inc. (NYSE:STEW - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as $18.96 and last traded at $18.96, with a volume of 23283 shares trading hands. The stock had previously closed at $18.76.

SRH Total Return Fund Stock Performance

The company's 50 day simple moving average is $18.03 and its two-hundred day simple moving average is $17.79.

SRH Total Return Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 24th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, July 24th.

Insiders Place Their Bets

In other SRH Total Return Fund news, Director Jacob E. Hemmer purchased 5,000 shares of the company's stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average cost of $17.53 per share, with a total value of $87,650.00. Following the acquisition, the director directly owned 10,000 shares of the company's stock, valued at approximately $175,300. This trade represents a 100.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.09% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SRH Total Return Fund

A number of institutional investors and hedge funds have recently bought and sold shares of STEW. Allspring Global Investments Holdings LLC grew its holdings in SRH Total Return Fund by 9.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 721,643 shares of the company's stock worth $12,340,000 after acquiring an additional 63,439 shares during the last quarter. Winning Points Advisors LLC bought a new position in shares of SRH Total Return Fund in the fourth quarter worth about $3,414,000. 1607 Capital Partners LLC lifted its position in shares of SRH Total Return Fund by 8.1% during the fourth quarter. 1607 Capital Partners LLC now owns 865,815 shares of the company's stock worth $16,052,000 after purchasing an additional 64,950 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of SRH Total Return Fund during the first quarter worth approximately $565,000. Finally, Evolve Private Wealth LLC acquired a new position in shares of SRH Total Return Fund during the fourth quarter worth approximately $2,961,000. Institutional investors and hedge funds own 15.61% of the company's stock.

SRH Total Return Fund Company Profile

SRH Total Return Fund NYSE: STEW is a diversified closed-end management investment company seeking high total return through a combination of income and capital appreciation. The fund pursues its objective by investing primarily in income-producing securities such as corporate bonds, convertible securities, preferred stocks and dividend-paying common stocks.

Portfolio managers employ active credit analysis and duration management to navigate changing market conditions and capture yield opportunities across both investment-grade and high-yield segments.

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