On September 30, 2024, James Bowen, Director of FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (FTHY, Financial), purchased 4,370 shares of the company. Following this transaction, the insider now owns a total of 123,370 shares in the company. The transaction details are filed with the SEC and can be found in the SEC Filing.
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (FTHY, Financial) is a closed-end fund designed to provide a high level of current income. The fund invests in a diversified portfolio of high-yield debt securities.
The shares were acquired at a price of $15.2 per share, valuing the transaction at approximately $66,424. The market cap of FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (FTHY, Financial) is currently $551.595 million. The stock's price-earnings ratio stands at 10.20, which is below the industry median of 12.04.
Over the past year, James Bowen has increased his holdings by 107,370 shares, indicating a strong confidence in the fund's performance and management. There have been 8 insider buys and no insider sells in the past year for FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (FTHY, Financial).
This insider buying trend is significant as it may signal a positive outlook from the insiders regarding the fund's future performance. Investors often look at insider transactions as a signal of how the people with the deepest knowledge of the company view its prospects.
For more detailed valuation metrics such as price-sales ratio, price-book ratio, and price-to-free cash flow, interested parties can refer to the GF Value for a comprehensive analysis.
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.
