Form 4: Cohen & Steers Closed-End Opportunity Fund: Portfolio Manager Increases Stake
SEC Form 4 Filing
Portfolio Manager Jeffrey Palma reports purchasing 4,500 shares of Cohen & Steers Closed-End Opportunity Fund at $11.108 per share.
Summary
- On February 27, 2024, Jeffrey Palma, a Portfolio Manager at Cohen & Steers Closed-End Opportunity Fund, Inc., acquired 4,500 shares of the company's common stock.
- The shares were purchased at a price of $11.108 per share.
- Following the transaction, Palma directly owns 9,046.156 shares of the company.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction, but insider buying can be interpreted as a slightly positive signal.
Positives
- The purchase of shares by a Portfolio Manager could be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This allows the public to see how company management is behaving with their own money.
Stakeholder Impact
- The purchase of shares by a Portfolio Manager could increase investor confidence.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of transaction: Jeffrey Palma purchased 4,500 shares of FOF. |
| 02/28/2024 | Date of signature on the Form 4 filing. |
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