Streetbeat News

XFLT

XAI Octagon Floating Rate & Alternative Income Term Trust

https://www.xainvestments.com/funds

Industry

Asset Management - Income

XAI Octagon Floating Rate Alternative Income Term Trust is a diversified, closed-end management investment company. It invests invests in a dynamically managed portfolio of floating-rate credit instruments and other structured credit investments within the private markets. The company was founded on September 27, 2017 and is headquartered in Chicago, IL.

Open

6.95

Mkt cap

405M

Volume

637K

High

6.96

P/E Ratio

4.23

52-wk high

7.76

Low

6.89

Div yield

0.15

52-wk low

6.53

B. Riley Securities analyst Matt Howlett maintains a 'Buy' rating on XAI Octagon FR & Alt Inc (NYSE:XFLT) and raises the price target from $7.5 to $8.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 2:03 pm

XAI Octagon FR & Alt Inc (NYSE:XFLT) has announced a monthly dividend of 8.5 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 8.5 cents lower to reflect the payout. Shareholders owning XFLT as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on August 01, 2023.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 2:46 pm

B. Riley Securities analyst Matt Howlett maintains a Buy rating on XAI Octagon FR & Alt Inc (NYSE:XFLT) and lowers the price target from $8 to $7.5.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 12:45 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.