Apollo Senior Floating Rate Fund (NYSE:AFT) Stock Price Crosses Above 200 Day Moving Average of $13.63

Shares of Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.63 and traded as high as $14.42. Apollo Senior Floating Rate Fund shares last traded at $14.31, with a volume of 99,340 shares traded.

Apollo Senior Floating Rate Fund Price Performance

The business has a 50 day simple moving average of $14.25 and a two-hundred day simple moving average of $13.63.

Apollo Senior Floating Rate Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be paid a $0.14 dividend. The ex-dividend date is Monday, April 22nd. This represents a $1.68 dividend on an annualized basis and a yield of 11.74%.

Insider Activity

In other news, Director Barry J. Cohen purchased 8,365 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were purchased at an average price of $14.19 per share, for a total transaction of $118,699.35. Following the completion of the purchase, the director now owns 18,365 shares in the company, valued at approximately $260,599.35. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Institutional Investors Weigh In On Apollo Senior Floating Rate Fund

A number of institutional investors have recently added to or reduced their stakes in AFT. Anchor Investment Management LLC bought a new stake in Apollo Senior Floating Rate Fund during the fourth quarter valued at about $36,000. Nomura Holdings Inc. bought a new stake in Apollo Senior Floating Rate Fund during the fourth quarter valued at about $141,000. Raymond James & Associates bought a new stake in Apollo Senior Floating Rate Fund during the third quarter valued at about $143,000. Jones Road Capital Management L.P. boosted its position in Apollo Senior Floating Rate Fund by 8.1% during the fourth quarter. Jones Road Capital Management L.P. now owns 14,004 shares of the closed-end fund’s stock valued at $186,000 after purchasing an additional 1,045 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Apollo Senior Floating Rate Fund by 16.7% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 14,000 shares of the closed-end fund’s stock valued at $186,000 after purchasing an additional 2,000 shares in the last quarter.

About Apollo Senior Floating Rate Fund

Apollo Senior Floating Rate Fund Inc is a closed ended fixed income mutual fund launched and managed by Apollo Credit Management, LLC. The Fund invests in fixed income markets. It primarily invests in senior secured loans made to companies whose debt is rated below investment grade. The Fund employs a conservative approach to credit selection that focuses on collateral coverage, structural seniority, and credit fundamentals, with emphasis on leading defensible market positions, stable companies with positive cash flow, and proven management teams.