George W. Whitney, Senior Portfolio Manager at Sprott Focus Trust Inc. (NASDAQ:FUND), has acquired a significant amount of the company's common stock. According to a recent SEC filing, Whitney purchased 323,896 shares on December 30, 2024, at a price of $7.27 per share, totaling approximately $2.35 million. The purchase comes as the stock trades near its 52-week low, with a notable dividend yield of ~12% and a P/E ratio of 7.95. InvestingPro analysis reveals the company has maintained dividend payments for 14 consecutive years.
The transactions were executed across various accounts, including holdings by his spouse and several trusts and foundations with which Whitney is associated. These acquisitions increase his indirect and direct ownership stakes in the company, reflecting his confidence in the company's future prospects. With a market capitalization of $219 million, FUND generally trades with low price volatility. For deeper insights into insider trading patterns and additional financial metrics, check out InvestingPro, which offers 4 more key investment tips for FUND.
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