Harris Stayce D., a director at BlackRock (NYSE:BLK) Core Bond Trust (NYSE:BHK), recently acquired 10 shares of the company's common stock. The purchase, executed on October 29, 2024, was made at a price of $11.385 per share, amounting to a total transaction value of $113. Following this transaction, Harris holds 10 shares in direct ownership.
InvestingPro Insights
While Harris Stayce D.'s recent purchase of BlackRock Core Bond Trust (NYSE:BHK) shares may seem modest, it aligns with several key attributes of the company highlighted by InvestingPro data and tips.
BHK boasts a significant dividend yield of 7.87%, which is particularly noteworthy in the current market environment. This high yield is supported by the company's track record of maintaining dividend payments for 23 consecutive years, as noted in one of the InvestingPro Tips. This consistency in dividend payments could be a factor attracting director interest and potentially signaling confidence in the company's financial stability.
The trust's stock generally trades with low price volatility, another InvestingPro Tip that may appeal to investors seeking stability in their portfolio. This characteristic, combined with the company's profitability over the last twelve months, paints a picture of a potentially steady investment option.
It's worth noting that BHK's market capitalization stands at $617.66 million, placing it in the small-cap category. The company's P/E ratio of 24.11 suggests that investors are willing to pay a premium for its shares, possibly due to its consistent dividend history and stability.
For investors interested in a deeper analysis, InvestingPro offers additional tips and metrics that could provide further insight into BHK's financial health and market position. In fact, InvestingPro lists 6 tips for BHK, offering a more comprehensive view for those looking to make informed investment decisions.
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