Apollo Senior Floating Rate Fund (NYSE:AFT) Share Price Crosses Above Two Hundred Day Moving Average of $13.56

Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.56 and traded as high as $14.30. Apollo Senior Floating Rate Fund shares last traded at $14.25, with a volume of 82,711 shares trading hands.

Apollo Senior Floating Rate Fund Price Performance

The company has a 50 day moving average price of $14.13 and a 200 day moving average price of $13.56.

Apollo Senior Floating Rate Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 21st were paid a dividend of $0.137 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.64 dividend on an annualized basis and a yield of 11.54%.

Insider Buying and Selling at Apollo Senior Floating Rate Fund

In related news, Director Barry J. Cohen acquired 8,365 shares of the stock in a transaction dated Thursday, February 29th. The stock was purchased at an average cost of $14.19 per share, with a total value of $118,699.35. Following the completion of the purchase, the director now directly owns 18,365 shares in the company, valued at approximately $260,599.35. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Institutional Trading of Apollo Senior Floating Rate Fund

Several hedge funds have recently added to or reduced their stakes in AFT. Anchor Investment Management LLC bought a new position in shares of Apollo Senior Floating Rate Fund during the 4th quarter worth $36,000. Raymond James & Associates purchased a new stake in shares of Apollo Senior Floating Rate Fund during the third quarter worth $143,000. Advisors Asset Management Inc. boosted its holdings in shares of Apollo Senior Floating Rate Fund by 43.5% in the third quarter. Advisors Asset Management Inc. now owns 400,919 shares of the closed-end fund’s stock worth $5,388,000 after acquiring an additional 121,603 shares during the period. Saba Capital Management L.P. boosted its stake in Apollo Senior Floating Rate Fund by 8.7% in the 3rd quarter. Saba Capital Management L.P. now owns 253,837 shares of the closed-end fund’s stock worth $3,412,000 after purchasing an additional 20,215 shares during the period. Finally, Advisor Partners II LLC bought a new stake in shares of Apollo Senior Floating Rate Fund during the third quarter valued at about $2,197,000.

Apollo Senior Floating Rate Fund Company Profile

Apollo Senior Floating Rate Fund Inc is a closed ended fixed income mutual fund launched and managed by Apollo Credit Management, LLC. The Fund invests in fixed income markets. It primarily invests in senior secured loans made to companies whose debt is rated below investment grade. The Fund employs a conservative approach to credit selection that focuses on collateral coverage, structural seniority, and credit fundamentals, with emphasis on leading defensible market positions, stable companies with positive cash flow, and proven management teams.