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Moritz A. Sell, a director at High Income Securities Fund (NYSE:PCF), recently increased his stake in the company through a series of stock purchases. According to a recent SEC filing, Sell acquired a total of 5,587 shares over several transactions between April 4 and April 7, 2025. The purchases were made at prices ranging from $5.90 to $6.30 per share, amounting to a total investment of $33,732. The timing is notable as PCF's stock, currently trading at $6.02, has declined over 10% in the past week and trades near its 52-week low. InvestingPro data shows the fund, with a market cap of $112 million, offers an attractive P/E ratio of 9.8x.
These transactions have increased Sell's total holdings to 11,033 shares in the fund. The acquisitions were executed directly, indicating a personal investment in the fund's common stock. The fund currently offers a substantial 12% dividend yield, according to InvestingPro, which identifies several additional key metrics and insights available to subscribers.
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