Scotiabank Reiterates Buy Rating for Special Opp Fd (SPE)

Special Opp Fd (NYSE:SPE)‘s stock had its “buy” rating reaffirmed by investment analysts at Scotiabank in a report released on Tuesday. They presently have a $11.25 price target on the closed-end fund’s stock. Scotiabank’s price target suggests a potential downside of 29.07% from the stock’s previous close.

Special Opp Fd (NYSE:SPE) opened at 15.8599 on Tuesday. Special Opp Fd has a 52-week low of $13.46 and a 52-week high of $15.93. The firm has a 50-day moving average of $15.57 and a 200 day moving average of $15.19.

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An institutional investor recently raised its position in Special Opp Fd stock. Blue Bell Private Wealth Management LLC increased its holdings in shares of Special Opp Fd (NYSE:SPE) by 6.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 230,496 shares of the closed-end fund’s stock after purchasing an additional 13,590 shares during the quarter. Special Opp Fd makes up about 1.7% of Blue Bell Private Wealth Management LLC’s investment portfolio, making the stock its 13th biggest holding. Blue Bell Private Wealth Management LLC’s holdings in Special Opp Fd were worth $3,504,000 at the end of the most recent quarter. 39.56% of the stock is currently owned by institutional investors.

Special Opp Fd Company Profile

Special Opportunities Fund, Inc (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to achieve total return. The Fund’s investment portfolio consists of investment companies, common stocks, commodity partnerships, preferred stocks, money market funds, corporate notes, liquidating trusts, corporate bonds, promissory notes, senior unsecured notes, warrants and rights.

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