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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NYSE:XFLT

XAI Octagon Floating Rate & Alternative Income Trust (XFLT) Stock Price, News & Analysis

$7.09
-0.01 (-0.14%)
(As of 03/28/2024 ET)
Today's Range
$7.07
$7.11
50-Day Range
$7.01
$7.73
52-Week Range
$6.16
$7.76
Volume
405,525 shs
Average Volume
340,211 shs
Market Capitalization
N/A
P/E Ratio
8.15
Dividend Yield
14.39%
Price Target
$8.00

XAI Octagon Floating Rate & Alternative Income Trust MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
12.8% Upside
$8.00 Price Target
Short Interest
Healthy
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.22 out of 5 stars

XFLT stock logo

About XAI Octagon Floating Rate & Alternative Income Trust Stock (NYSE:XFLT)

XAI Octagon Floating Rate & Alternative Income Term Trust invests in a dynamically managed portfolio of floating-rate credit instruments and other structured credit investments within the private markets. Under normal market conditions, the Trust will invest at least 80% of managed assets in senior secured loans, CLO debt and CLO equity. The Trust seeks attractive total return with an emphasis on income generation across multiple stages of the credit cycle. There can be no assurance that the Trust will achieve its investment objective, and you could lose some or all of your investment.

XFLT Stock Price History

XFLT Stock News Headlines

“The Stock Market’s Bull Run is Far from Over” -Barrons
Barron's reports that the "stock market's bull run is FAR from over…" And recent economic growth will fuel the price of select stocks in the coming months!
“The Stock Market’s Bull Run is Far from Over” -Barrons
Barron's reports that the "stock market's bull run is FAR from over…" And recent economic growth will fuel the price of select stocks in the coming months!
XFLT_pa Historical Data
XFLT: Is Its Premium Warranted?
XFLT: A Look At The Latest Report
See More Headlines
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Company Calendar

Ex-Dividend for 3/1 Dividend
2/14/2024
Dividend Payable
3/01/2024
Ex-Dividend for 4/1 Dividend
3/14/2024
Today
3/29/2024
Dividend Payable
4/01/2024

Industry, Sector and Symbol

Industry
Investment Trusts & Mutual Funds
Sub-Industry
N/A
Fax
N/A
Employees
147,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$8.00
High Stock Price Target
$8.00
Low Stock Price Target
$8.00
Potential Upside/Downside
+12.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$53.00 million

Miscellaneous

Free Float
N/A
Optionable
Not Optionable
Beta
N/A
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XFLT Stock Analysis - Frequently Asked Questions

Should I buy or sell XAI Octagon Floating Rate & Alternative Income Trust stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for XAI Octagon Floating Rate & Alternative Income Trust in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" XFLT shares.
View XFLT analyst ratings
or view top-rated stocks.

What is XAI Octagon Floating Rate & Alternative Income Trust's stock price target for 2024?

1 analysts have issued 12-month price targets for XAI Octagon Floating Rate & Alternative Income Trust's shares. Their XFLT share price targets range from $8.00 to $8.00. On average, they predict the company's stock price to reach $8.00 in the next year. This suggests a possible upside of 12.8% from the stock's current price.
View analysts price targets for XFLT
or view top-rated stocks among Wall Street analysts.

How have XFLT shares performed in 2024?

XAI Octagon Floating Rate & Alternative Income Trust's stock was trading at $7.14 at the beginning of the year. Since then, XFLT stock has decreased by 0.7% and is now trading at $7.09.
View the best growth stocks for 2024 here
.

Are investors shorting XAI Octagon Floating Rate & Alternative Income Trust?

XAI Octagon Floating Rate & Alternative Income Trust saw a decline in short interest during the month of March. As of March 15th, there was short interest totaling 51,900 shares, a decline of 35.5% from the February 29th total of 80,500 shares. Based on an average daily trading volume, of 332,500 shares, the short-interest ratio is currently 0.2 days.
View XAI Octagon Floating Rate & Alternative Income Trust's Short Interest
.

How often does XAI Octagon Floating Rate & Alternative Income Trust pay dividends? What is the dividend yield for XAI Octagon Floating Rate & Alternative Income Trust?

XAI Octagon Floating Rate & Alternative Income Trust announced a monthly dividend on Friday, March 1st. Shareholders of record on Friday, March 15th will be given a dividend of $0.085 per share on Monday, April 1st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 14.39%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for XFLT
.

Is XAI Octagon Floating Rate & Alternative Income Trust a good dividend stock?

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) pays an annual dividend of $1.02 per share and currently has a dividend yield of 0.10%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 117.24%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for XFLT.

What ETF holds XAI Octagon Floating Rate & Alternative Income Trust's stock?

Virtus Private Credit Strategy ETF holds 71,591 shares of XFLT stock, representing 2.34% of its portfolio.

What other stocks do shareholders of XAI Octagon Floating Rate & Alternative Income Trust own?
Who are XAI Octagon Floating Rate & Alternative Income Trust's major shareholders?

XAI Octagon Floating Rate & Alternative Income Trust's stock is owned by a variety of institutional and retail investors. Top institutional investors include UBS Group AG (0.00%), Bard Associates Inc. (0.00%), Chicago Partners Investment Group LLC (0.00%), Baird Financial Group Inc. (0.00%), Belpointe Asset Management LLC (0.00%) and Kestra Advisory Services LLC (0.00%). Insiders that own company stock include Benjamin Mcculloch, John P Mcgarrity, John Yogi Spence and Theodore J Brombach.
View institutional ownership trends
.

How do I buy shares of XAI Octagon Floating Rate & Alternative Income Trust?

Shares of XFLT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:XFLT) was last updated on 3/29/2024 by MarketBeat.com Staff

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