Angel Oak Capital Partners II, LLC has completed the sale of its remaining shares in the Angel Oak Financial Strategies Income Term Trust (NYSE:FINS), according to recent filings. The investment firm, acting as the general partner of the adviser, sold its last 1.59 shares of FINS common stock on September 13, 2022, for a total of $21.91 at a price of $13.7768 per share.
This transaction concludes a series of disposals that began in August 2022, where Angel Oak Capital Partners II transferred the majority of its beneficial ownership of FINS to other insiders, namely Sreeniwas Prabhu and Michael Fierman. The transfers were executed at prices ranging from $14.65 to $14.76 per share, totaling approximately $2,011,614 for the common stock.
Investors tracking insider transactions may note that Angel Oak Capital Partners II's divestment represents a shift in its investment stance regarding the trust. Prior to the September sale, the firm had already significantly reduced its holdings in FINS, as indicated by the transfer of a large block of shares in August.
Angel Oak Financial Strategies Income Term Trust, trading under the ticker FINS, is known for its investment strategies focused on income and financial sector opportunities. These transactions, now part of public record, were signed off by Chase Eldredge on behalf of Angel Oak Capital Partners II, LLC.
InvestingPro Insights
As Angel Oak Capital Partners II finalizes its sell-off of the Angel Oak Financial Strategies Income Term Trust (NYSE:FINS), investors may find the recent performance and financial metrics of FINS to be particularly telling. With a market capitalization of $321.08 million, the trust stands as a modest player in the financial sector. Despite a revenue growth of 6.93% in the last twelve months as of Q4 2024, the trust has seen a slight quarterly revenue decline of 1.46% in the same period.
One of the notable InvestingPro Tips for FINS is its significant dividend yield, which stands at 10.21%, a compelling figure for income-focused investors. This is coupled with the trust's stock trading near its 52-week high, at 99.54% of the peak price, reflecting a strong market performance in the recent period. Additionally, FINS has demonstrated profitability over the last twelve months, a reassuring sign for potential investors.
However, the InvestingPro Tips also highlight a couple of areas of caution. The trust's short-term obligations exceed its liquid assets, which could present liquidity challenges. Furthermore, the current valuation implies a poor free cash flow yield, suggesting that the stock may be overvalued relative to its cash-generating ability. These insights, along with many others, are available on InvestingPro, which provides a comprehensive list of tips for FINS at https://www.investing.com/pro/FINS.
For those considering an investment in FINS, these metrics and tips offer a snapshot of the trust's financial health and market position. With a P/E ratio of 40.93, investors are paying a premium for earnings, which, in conjunction with the other data points, can inform a balanced investment decision. To delve deeper into the financial details and gain access to additional tips, investors can explore the full suite of resources available on InvestingPro.
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