Perennial Investment Advisors LLC Acquires New Position in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Posted by Tech Dows on Apr 6th, 2025

Perennial Investment Advisors LLC bought a new position in BlackRock Capital Allocation Term Trust (NYSE:BCAT – Free Report) in the fourth quarter, HoldingsChannel reports. The fund bought 36,429 shares of the company’s stock, valued at approximately $552,000.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the fourth quarter worth $3,161,000. Wolverine Asset Management LLC acquired a new position in BlackRock Capital Allocation Term Trust in the 4th quarter worth about $1,249,000. Walleye Capital LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the 3rd quarter worth about $234,000. Private Advisor Group LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust during the 4th quarter valued at about $158,000. Finally, Winebrenner Capital Management LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust in the 4th quarter valued at approximately $682,000. Institutional investors and hedge funds own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Stock Down 4.6 %

Shares of BCAT opened at $13.66 on Friday. The firm’s 50 day moving average price is $15.12 and its 200 day moving average price is $15.69. BlackRock Capital Allocation Term Trust has a twelve month low of $13.62 and a twelve month high of $17.18.

BlackRock Capital Allocation Term Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.2848 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $3.42 dividend on an annualized basis and a dividend yield of 25.01%.