On October 1, 2024, James Bowen, Director at FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (FTHY, Financial), purchased 12,130 shares of the company. This transaction was documented in an SEC Filing. Following this acquisition, the insider now owns a total of 139,500 shares of the company.
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 primarily in high yield debt securities that are rated below investment grade at the time of purchase.
Over the past year, James Bowen has increased his holdings in the company by purchasing 119,500 shares in total, with no recorded sales. The recent purchase aligns with a broader trend of insider buying at the company, with a total of 9 insider buys and no insider sells over the past year.
Shares of FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND were priced at $15.09 on the day of the transaction. The company has a market cap of approximately $551.961 million. The price-earnings ratio of the stock stands at 10.21, which is below the industry median of 12.09.
This insider buying activity may be of interest to investors looking for signals in the trading behaviors of company executives and directors. For more detailed valuation metrics such as GF Value, price-sales ratio, price-book ratio, and price-to-free cash flow, interested parties are encouraged to visit the respective links.
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