Gold prices hold gains amid Fed rate cut hopes, tariff jitters
Saba Capital Management, L.P., a significant stakeholder in BlackRock (NYSE:BLK) Capital Allocation Term Trust (NYSE:BCAT), has recently executed a sale of common stock. The trust, currently valued at $1.64 billion, offers an impressive 22.63% dividend yield and trades at a P/E ratio of 8.78, according to InvestingPro data. On February 26, the firm sold 13,141 shares at $15.36 each, totaling approximately $201,845. The transaction price sits near BCAT’s 52-week low of $15.00, with the stock currently trading at $15.26. Following this transaction, Saba Capital holds 12,590,070 shares indirectly. This move is part of the firm’s ongoing portfolio management strategy, with Boaz Weinstein, a key figure at Saba Capital, also associated with the transaction. For deeper insights into BCAT’s valuation metrics and dividend sustainability analysis, consider exploring InvestingPro, which offers additional exclusive financial tips and metrics.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.