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Brokers Issue Forecasts for XAI Octagon Floating Rate & Alternative Income Term Trust’s Q2 2022 Earnings (NYSE:XFLT)


XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE:XFLTGet Rating) – Research analysts at B. Riley issued their Q2 2022 earnings per share (EPS) estimates for XAI Octagon Floating Rate & Alternative Income Term Trust in a research report issued to clients and investors on Wednesday, July 13th. B. Riley analyst M. Howlett anticipates that the company will earn $0.24 per share for the quarter. B. Riley also issued estimates for XAI Octagon Floating Rate & Alternative Income Term Trust’s Q3 2022 earnings at $0.23 EPS, Q4 2022 earnings at $0.23 EPS and FY2022 earnings at $0.94 EPS.

XAI Octagon Floating Rate & Alternative Income Term Trust Price Performance

Shares of XAI Octagon Floating Rate & Alternative Income Term Trust stock opened at $7.00 on Friday. The business has a 50 day simple moving average of $7.43 and a two-hundred day simple moving average of $8.33. XAI Octagon Floating Rate & Alternative Income Term Trust has a 12 month low of $6.67 and a 12 month high of $9.72.

XAI Octagon Floating Rate & Alternative Income Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 1st. Shareholders of record on Friday, July 15th will be issued a dividend of $0.073 per share. The ex-dividend date of this dividend is Thursday, July 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 12.51%.

Hedge Funds Weigh In On XAI Octagon Floating Rate & Alternative Income Term Trust

A number of hedge funds have recently made changes to their positions in XFLT. All Season Financial Advisors Inc. grew its position in shares of XAI Octagon Floating Rate & Alternative Income Term Trust by 372.9% in the fourth quarter. All Season Financial Advisors Inc. now owns 197,924 shares of the company’s stock valued at $1,765,000 after purchasing an additional 156,072 shares in the last quarter. Lido Advisors LLC purchased a new stake in shares of XAI Octagon Floating Rate & Alternative Income Term Trust in the first quarter valued at approximately $1,317,000. Marks Group Wealth Management Inc purchased a new stake in shares of XAI Octagon Floating Rate & Alternative Income Term Trust in the fourth quarter valued at approximately $1,374,000. PNC Financial Services Group Inc. grew its position in shares of XAI Octagon Floating Rate & Alternative Income Term Trust by 2,308.6% in the first quarter. PNC Financial Services Group Inc. now owns 88,396 shares of the company’s stock valued at $748,000 after purchasing an additional 84,726 shares in the last quarter. Finally, Advisor Group Holdings Inc. grew its position in shares of XAI Octagon Floating Rate & Alternative Income Term Trust by 331.5% in the first quarter. Advisor Group Holdings Inc. now owns 68,559 shares of the company’s stock valued at $581,000 after purchasing an additional 52,669 shares in the last quarter.

XAI Octagon Floating Rate & Alternative Income Term Trust Company Profile

(Get Rating)

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.

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Earnings History and Estimates for XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE:XFLT)



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