NYSE:XFLT XAI Octagon Floating Rate & Alternative Income Trust (XFLT) Stock Price, News & Analysis → Claim Your Complimentary Bitcoin Reward (From Crypto Swap Profits) (Ad) Free XFLT Stock Alerts $7.06 0.00 (0.00%) (As of 05/24/2024 ET) Add Compare Share Share Today's Range$7.05▼$7.0850-Day Range$6.97▼$7.1652-Week Range$6.31▼$7.76Volume220,416 shsAverage Volume370,180 shsMarket CapitalizationN/AP/E Ratio8.11Dividend Yield14.45%Price Target$8.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media XAI Octagon Floating Rate & Alternative Income Trust MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside13.3% Upside$8.00 Price TargetShort InterestHealthyDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.71Based on 2 Articles This WeekInsider TradingAcquiring Shares$48,962 Bought Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.01 out of 5 stars 2.5 Analyst's Opinion Consensus RatingXAI Octagon Floating Rate & Alternative Income Trust has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Amount of Analyst CoverageXAI Octagon Floating Rate & Alternative Income Trust has received no research coverage in the past 90 days.Read more about XAI Octagon Floating Rate & Alternative Income Trust's stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares ShortedShort Interest Ratio / Days to CoverXAI Octagon Floating Rate & Alternative Income Trust has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in XAI Octagon Floating Rate & Alternative Income Trust has recently decreased by 36.89%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldXAI Octagon Floating Rate & Alternative Income Trust has a dividend yield of 0.10%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthXAI Octagon Floating Rate & Alternative Income Trust has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of XAI Octagon Floating Rate & Alternative Income Trust is 117.24%. Payout ratios above 75% are not desirable because they may not be sustainable.Read more about XAI Octagon Floating Rate & Alternative Income Trust's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for XFLT. Previous Next 3.7 News and Social Media Coverage News SentimentXAI Octagon Floating Rate & Alternative Income Trust has a news sentiment score of 1.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Miscellaneous companies.News Coverage This WeekMarketBeat has tracked 2 news articles for XAI Octagon Floating Rate & Alternative Income Trust this week, compared to 0 articles on an average week.Search InterestOnly 4 people have searched for XFLT on MarketBeat in the last 30 days. This is a decrease of -56% compared to the previous 30 days.MarketBeat Follows8 people have added XAI Octagon Floating Rate & Alternative Income Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, XAI Octagon Floating Rate & Alternative Income Trust insiders have bought more of their company's stock than they have sold. Specifically, they have bought $48,962.00 in company stock and sold $0.00 in company stock.Read more about XAI Octagon Floating Rate & Alternative Income Trust's insider trading history. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of XAI Octagon Floating Rate & Alternative Income Trust is 8.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.72.Price to Earnings Ratio vs. SectorThe P/E ratio of XAI Octagon Floating Rate & Alternative Income Trust is 8.11, which means that it is trading at a more expensive P/E ratio than the Miscellaneous sector average P/E ratio of about 0.47. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto Swap ProfitsClaim Your Complimentary Bitcoin RewardMany have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.Secure Your Spot Now About XAI Octagon Floating Rate & Alternative Income Trust Stock (NYSE:XFLT)XAI Octagon Floating Rate & Alternative Income Term Trust invests in a dynamically managed portfolio of floating-rate credit instruments and other structured credit investments within the private markets. Under normal market conditions, the Trust will invest at least 80% of managed assets in senior secured loans, CLO debt and CLO equity. The Trust seeks attractive total return with an emphasis on income generation across multiple stages of the credit cycle. There can be no assurance that the Trust will achieve its investment objective, and you could lose some or all of your investment.Read More XFLT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart XFLT Stock News HeadlinesMay 13, 2024 | insidertrades.comXAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) CEO Buys $24,363.21 in StockMay 23 at 7:01 PM | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Trust Will Host Q1 2024 Quarterly Webinar on May 30, 2024May 23 at 4:15 PM | businesswire.comXAI Octagon Floating Rate & Alternative Income Trust Will Host Q1 2024 Quarterly Webinar on May 30, 2024May 1, 2024 | businesswire.comXAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.085 per ShareApril 11, 2024 | businesswire.comKimberly Flynn Promoted to President of XA Investments LLCApril 1, 2024 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution and Quarterly Preferred Shares DividendMarch 12, 2024 | wsj.comXAI Octagon Floating Rate & Alternative Income Trust 6.5% Pfd.March 1, 2024 | businesswire.comXAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.085 per ShareFebruary 21, 2024 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Trust Will Host Q4 2023 Quarterly Webinar on February 29, 2024February 21, 2024 | businesswire.comXAI Octagon Floating Rate & Alternative Income Trust Will Host Q4 2023 Quarterly Webinar on February 29, 2024February 1, 2024 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.085 per ShareFebruary 1, 2024 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Trust Announces Registered Direct Placement of Common SharesJanuary 24, 2024 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Term Trust Announces Shareholder Approval of Important ProposalsJanuary 22, 2024 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Term Trust Declares its Monthly Common Shares Distribution and Quarterly Preferred Shares DividendJanuary 22, 2024 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Term Trust Announces Portfolio Management ChangeDecember 19, 2023 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Term Trust Adjourns Special Meeting of Shareholders to Permit Further Solicitation of ProxiesNovember 20, 2023 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Term Trust Will Host Q3 2023 Quarterly Webinar on November 30, 2023October 27, 2023 | investing.comXFLT_pa Historical DataOctober 26, 2023 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Term Trust Announces Board Approval of Proposal to Become Perpetual Fund and New Sub-Advisory Agreement with Octagon Credit InvestorsSeptember 13, 2023 | msn.comB. Riley Securities Maintains XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) Buy RecommendationAugust 28, 2023 | msn.comXFLT: DRIP At A Discount To Stream Your Income Into A River Of CashAugust 24, 2023 | msn.comXFLT: Is Its Premium Warranted?August 10, 2023 | finance.yahoo.comXAI Octagon Floating Rate & Alternative Income Term Trust Will Host Q2 2023 Quarterly Webinar on August 22, 2023August 8, 2023 | thestreet.comXAI Octagon Floating Rate & Alternative Income Term Trust 6.50% Series 2026 Term Preferred Shares (Liquidation Preference $25.00)July 28, 2023 | thestreet.comXAI Octagon Floating Rate & Alternative Income Term Trust of Beneficial InterestSee More Headlines Company Calendar Ex-Dividend for 5/1 Dividend4/12/2024Dividend Payable5/01/2024Ex-Dividend for 6/3 Dividend5/15/2024Today5/25/2024Dividend Payable6/03/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorMiscellaneous Industry Investment Trusts & Mutual Funds Sub-IndustryN/A Current SymbolNYSE:XFLT CUSIPN/A CIK1703079 Webwww.xainvestments.com Phone312-374-6930FaxN/AEmployees147,000Year FoundedN/APrice Target and Rating Average Stock Price Target$8.00 High Stock Price Target$8.00 Low Stock Price Target$8.00 Potential Upside/Downside+13.3%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E Ratio8.11 Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity RatioN/A Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$53.00 million Price / SalesN/A Cash FlowN/A Price / Cash FlowN/A Book ValueN/A Price / BookN/AMiscellaneous Outstanding SharesN/AFree FloatN/AMarket CapN/A OptionableNot Optionable BetaN/A Key ExecutivesMr. Benjamin David MccullochChief Legal Officer & Sec.Ms. Lauren Michelle BasmadjianPortfolio Mang.Ms. Gretchen Mae Mohr Lam CFAPortfolio Mang.Key CompetitorsAberdeen Total Dynamic Dividend FundNYSE:AODBNY Mellon Alcentra Global Credit Income 2024 Target Term FundNYSE:DCFCohen & Steers Limited Duration Preferred and Income FundNYSE:LDPRiverNorth Capital and Income FundNYSE:RSFNuveen Multi-Asset Income FundNYSE:NMAIView All CompetitorsInsiders & InstitutionsB. Riley Wealth Advisors Inc.Bought 2,644 shares on 5/16/2024Ownership: 0.000%John Yogi SpenceBought 3,450 shares on 5/10/2024Total: $24,598.50 ($7.13/share)Theodore J BrombachBought 3,417 shares on 5/9/2024Total: $24,363.21 ($7.13/share)Atomi Financial Group Inc.Sold 3,844 shares on 5/7/2024Ownership: 0.000%CFO4Life Group LLCBought 10,000 shares on 5/6/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions XFLT Stock Analysis - Frequently Asked Questions Should I buy or sell XAI Octagon Floating Rate & Alternative Income Trust stock right now? 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for XAI Octagon Floating Rate & Alternative Income Trust in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" XFLT shares. View XFLT analyst ratings or view top-rated stocks. What is XAI Octagon Floating Rate & Alternative Income Trust's stock price target for 2024? 1 analysts have issued 1 year price objectives for XAI Octagon Floating Rate & Alternative Income Trust's stock. Their XFLT share price targets range from $8.00 to $8.00. On average, they predict the company's share price to reach $8.00 in the next year. This suggests a possible upside of 13.3% from the stock's current price. View analysts price targets for XFLT or view top-rated stocks among Wall Street analysts. How have XFLT shares performed in 2024? XAI Octagon Floating Rate & Alternative Income Trust's stock was trading at $7.14 at the start of the year. Since then, XFLT stock has decreased by 1.1% and is now trading at $7.06. View the best growth stocks for 2024 here. Are investors shorting XAI Octagon Floating Rate & Alternative Income Trust? XAI Octagon Floating Rate & Alternative Income Trust saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 101,100 shares, a drop of 36.9% from the April 15th total of 160,200 shares. Based on an average daily trading volume, of 396,500 shares, the days-to-cover ratio is currently 0.3 days. View XAI Octagon Floating Rate & Alternative Income Trust's Short Interest. How often does XAI Octagon Floating Rate & Alternative Income Trust pay dividends? What is the dividend yield for XAI Octagon Floating Rate & Alternative Income Trust? XAI Octagon Floating Rate & Alternative Income Trust announced a monthly dividend on Wednesday, May 1st. Shareholders of record on Thursday, May 16th will be given a dividend of $0.085 per share on Monday, June 3rd. This represents a $1.02 annualized dividend and a dividend yield of 14.45%. The ex-dividend date of this dividend is Wednesday, May 15th. Read our dividend analysis for XFLT. Is XAI Octagon Floating Rate & Alternative Income Trust a good dividend stock? XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) pays an annual dividend of $1.02 per share and currently has a dividend yield of 0.10%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 117.24%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for XFLT. What ETF holds XAI Octagon Floating Rate & Alternative Income Trust's stock? Virtus Private Credit Strategy ETF holds 152,432 shares of XFLT stock, representing 2.24% of its portfolio. What other stocks do shareholders of XAI Octagon Floating Rate & Alternative Income Trust own? Based on aggregate information from My MarketBeat watchlists, some companies that other XAI Octagon Floating Rate & Alternative Income Trust investors own include AGNC Investment (AGNC), Oxford Lane Capital (OXLC), Eagle Point Credit (ECC), Annaly Capital Management (NLY), Ares Capital (ARCC), Iron Mountain (IRM), abrdn Global Premier Properties Fund (AWP), Highland Funds I - Highland Opportunities and Income Fund (HFRO), Cohen & Steers MLP Income and Energy Opportunity Fund (MIE) and Monroe Capital (MRCC). Who are XAI Octagon Floating Rate & Alternative Income Trust's major shareholders? XAI Octagon Floating Rate & Alternative Income Trust's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Private Advisor Group LLC (0.00%), B. Riley Wealth Advisors Inc. (0.00%), J.W. Cole Advisors Inc. (0.00%), PFG Investments LLC (0.00%), CFO4Life Group LLC (0.00%) and Atomi Financial Group Inc. (0.00%). Insiders that own company stock include Benjamin Mcculloch, John P Mcgarrity, John Yogi Spence and Theodore J Brombach. View institutional ownership trends. How do I buy shares of XAI Octagon Floating Rate & Alternative Income Trust? Shares of XFLT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:XFLT) was last updated on 5/25/2024 by MarketBeat.com Staff From Our PartnersThis could mean the end of the U.S dollar…Colonial MetalsClaim Your Complimentary Bitcoin RewardCrypto Swap ProfitsThe Presidential candidate you should REALLY be worried aboutStansberry ResearchBiden FINISHED On June 13th?Paradigm PressJust $9 for a Year of Winning Market InsightsBehind the MarketsElon’s New Device is About to Shock the WorldInvestorPlaceUrgent Nvidia WarningAltimetryShocking $16T Elon Musk Crypto LeakCrypto 101 Media Adding Choose a watchlist: Watchlist My Default Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Please log in to your account or sign up in order to add this asset to your watchlist. 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