Yahoo Finance Director Phillip Goldstein Sells 144,600 Shares of High Income Securities Fund (PCF)
On June 27, 2024, Phillip Goldstein, Director at High Income Securities Fund (NYSE:PCF), executed a sale of 144,600 shares of the company. The transaction was documented in an SEC Filing. Following this transaction, the insider now owns 99,773 shares of the company.
High Income Securities Fund (NYSE:PCF) is a closed-end fund that primarily invests in a diversified portfolio of fixed income securities. The fund aims to provide high current income with a secondary objective of capital appreciation. It invests in various sectors, including corporate bonds, U.S. government and agency securities, and mortgage-backed securities.
Over the past year, the insider transaction history for High Income Securities Fund shows a pattern of more insider buys than sells. There have been 2 insider buys and only 1 insider sell, including the recent transaction by Phillip Goldstein.
On the day of the sale, shares of High Income Securities Fund were trading at $6.85 each. This pricing values the company with a market cap of approximately $122.54 million. The price-earnings ratio of the stock stands at 11.15, which is below both the industry median of 12.97 and the historical median for the company.
This sale by Phillip Goldstein follows a year where the insider has sold a total of 144,600 shares and made no purchases. This activity provides a glimpse into the insider's recent engagement with the market regarding High Income Securities Fund's stock.
For more detailed valuation metrics such as price-sales ratio, price-book ratio, and price-to-free cash flow, interested individuals can refer to the respective links.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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