Insider Selling: BlackRock Debt Strategies Fund, Inc. (DSU) Major Shareholder Sells 5,600 Shares of Stock

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) major shareholder Saba Capital Management, L.P. sold 5,600 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $11.74, for a total transaction of $65,744.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Monday, January 8th, Saba Capital Management, L.P. sold 2,050 shares of BlackRock Debt Strategies Fund stock. The stock was sold at an average price of $11.68, for a total transaction of $23,944.00.
  • On Wednesday, January 3rd, Saba Capital Management, L.P. sold 47,672 shares of BlackRock Debt Strategies Fund stock. The stock was sold at an average price of $11.73, for a total transaction of $559,192.56.

Shares of BlackRock Debt Strategies Fund, Inc. (DSU) opened at $11.61 on Friday. BlackRock Debt Strategies Fund, Inc. has a 52-week low of $11.23 and a 52-week high of $11.85.

The business also recently declared a monthly dividend, which was paid on Tuesday, January 9th. Stockholders of record on Friday, December 29th were given a $0.0685 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date of this dividend was Thursday, December 28th.

Several hedge funds and other institutional investors have recently bought and sold shares of DSU. Private Advisor Group LLC acquired a new position in BlackRock Debt Strategies Fund in the second quarter worth approximately $121,000. Ameriprise Financial Inc. increased its holdings in BlackRock Debt Strategies Fund by 1.8% in the second quarter. Ameriprise Financial Inc. now owns 10,869 shares of the financial services provider’s stock worth $125,000 after buying an additional 192 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in BlackRock Debt Strategies Fund by 9.8% in the second quarter. Neuberger Berman Group LLC now owns 12,771 shares of the financial services provider’s stock worth $147,000 after buying an additional 1,135 shares during the last quarter. Park Avenue Securities LLC acquired a new position in BlackRock Debt Strategies Fund in the third quarter worth approximately $175,000. Finally, SG Americas Securities LLC acquired a new position in BlackRock Debt Strategies Fund in the third quarter worth approximately $194,000. 39.53% of the stock is owned by institutional investors and hedge funds.

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BlackRock Debt Strategies Fund Company Profile

BlackRock Debt Strategies Fund, Inc is a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide current income by investing primarily in a diversified portfolio of the United States companies’ debt instruments, including corporate loans, which are rated in the lower rating categories of the established rating services or unrated debt instruments.

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