Andrew Dakos, President and CEO at Total Return Securities Fund (SWZ), bought 6,000 shares at $5.95 ($36K) on 2026-04-07, disclosed to the SEC on 2026-04-09.
CEO Andrew Dakos purchased 2,000 shares for $11,900, marking the largest purchase of his career and a reversal from his recent selling activity. This significant insider commitment may signal confidence in the fund's recovery trajectory despite recent underperformance.
The stock is trading at $6.08, a 4.11% premium to its 52-week low of $5.84, but remains down 33.55% over the past year and 35.52% from its 52-week high of $9.43.
The trade is a catalyst in itself, as signal_flags.is_largest_ever indicates this is the largest purchase of the CEO's career. Additionally, the reversal from consecutive sells to a rare buy suggests a potential shift in insider sentiment.
The stock has suffered a significant 33.55% decline over the past year, indicating substantial downside risk despite the recent insider purchase.
Nothing distinguishes this filing.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $5.95 | 2,000 | $12K | 33.2% |
| 2 | $5.97 | 4,000 | $24K | 66.8% |
| Total | $5.97 avg | 6,000 | $36K | 100% |
| Filing → |
| SPE | SELL | 2026-06-04 | $90K | — | Filing → |
| SWZ | BUY | 2026-05-29 | $78K | — | Filing → |
| SWZ | BUY | 2026-05-20 | $42K | — | Filing → |