Sprott Focus Trust Senior Portfolio Manager George Whitney Buys Shares For $2.35M By Investing.com
George W. Whitney, Senior Portfolio Manager at Sprott Focus Trust Inc. (NASDAQ:FUND), has acquired a significant amount of the company’s common stock. According to a recent filing with the SEC, Whitney purchased 323,896 shares on December 30, 2024 at a price of $7.27 per share, for a total of approximately $2.35 million. The purchase comes as the stock is trading near a 52-week low, with a substantial dividend yield of ~12% and a P/E ratio of 7.95. InvestingPro analysis reveals that the company has maintained dividend payments for 14 consecutive years.
The transactions were made through various accounts, including his wife’s holdings and several trusts and foundations with which Whitney is connected. These acquisitions increase his indirect and direct ownership stakes in the company, reflecting his confidence in the company’s future prospects. With a market capitalization of USD 219 million, the FUND generally trades with low price volatility. For deeper insight into insider trading patterns and additional financial metrics, check out InvestingProwhich offers 4 more key investment tips for FUND.
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