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Special Opportunities Fund, Inc. Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest, by GOLDSTEIN PHILLIP, was filed 08 Apr 2025.
Special Opportunities Fund, Inc.: what insiders have been doing
This page follows insider dealings at Special Opportunities Fund, Inc. as filed with SEC (Form 4), a company from the Finance & Banking sector. From 22 October 2025 to 22 October 2026, the disclosure feed for Special Opportunities Fund, Inc. logged 6 filings by 3 insiders.
All open-market trades in the period are sales: 4 sales worth €129k, by 1 insider, with no purchase on record. The largest single trade was a sale of €63k by Dakos Andrew, published on 4 June 2026.
Between a trade and the moment it shows up on SEC (Form 4), the median delay is 1 day. The legal deadline for a Form 4 is two business days after the transaction. Selling is not necessarily a view on the stock: liquidity needs and diversification are common motives.
Across the 2,023 companies tracked on its exchange, the median is 41 filings; at 6 filings, this issuer sits below that mark. Looking back to 2016, when coverage begins, insiders filed 76 purchases and 9 sales.
Elsewhere in the same sector, our signals recently picked up insider purchases at Dynex Capital Inc and Presurance Holdings, Inc. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.
Insider Decl.
110
Thresholds
n/a
Buy Volume
€2M
76 ops. · all time
Sell Volume
€1M
9 ops. · all time
Who traded when
BuySaleAndrew Dakos4 sales
Phillip Goldstein1 buy
Since the insiders bought
- -1.5%Entry US$14.26 · Close at T+365 US$14.04
- -23.7%Entry US$14.58 · Close at T+365 US$11.12
- +5.4%Entry US$13.67 · Close at T+365 US$14.41
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2025FY ended December 2025 · cache
US$12.36
Analyst consensus
Income statement
RevenueUS$22.1M
Net incomeUS$21.1M130.0% margin
Valuation
PER (trailing)13.4x
P/Book0.8x
Beta0.79
Balance sheet & cash
Market capUS$136.2M
Free Cash FlowUS$15.6M
Profitability & ownership
ROE4.7%
ROA1.4%
% insiders0.0%
% institutions28.4%
Last declaration on 11 June 2026
Declarations110 total
1,126 shares@ US$24.88100.0% of flowPreferred StockSEC144:0001959173-26-004557
1,077 shares@ US$14.025.4% of flowCommon StockSEC:0001398344-26-010332:0
5,184 shares@ US$14.1126.0% of flowCommon StockSEC:0001398344-26-010332:1
133 shares@ US$14.070.7% of flowCommon StockSEC:0001398344-26-010332:2
6,461 shares@ US$14.368133.0% of flowCommonSEC144:0001949846-26-000340
4,098 shares@ US$14.657121.1% of flowCommon StockSEC:0001104659-25-125652:0
3,000 shares@ US$13.802.8% of flowCommon StockSEC:0001104659-25-033081:0
Canonical exit: 3 Jul 2025 (T+90)
377 shares@ US$13.7411.9% of flowCommon StockSEC:0001104659-24-102084:0
1,319 shares@ US$11.780.5% of flowCommon StockSEC:0001104659-24-000311:1
Canonical exit: 27 Mar 2024 (T+90)
44 shares@ US$11.750.0% of flowCommon StockSEC:0001104659-24-000311:0
Canonical exit: 27 Mar 2024 (T+90)
5,000 shares@ US$10.851.9% of flowCommon StockSEC:0001104659-23-042976:1
Canonical exit: 5 Jul 2023 (T+90)
2,400 shares@ US$10.851.8% of flowCommon StockSEC:0001104659-23-042976:0
Canonical exit: 4 Jul 2023 (T+90)
1,568 shares@ US$10.850.6% of flowCommon StockSEC:0001104659-23-040278:1
Canonical exit: 28 Jun 2023 (T+90)
675 shares@ US$10.740.5% of flowCommon StockSEC:0001104659-23-040278:0
Canonical exit: 27 Jun 2023 (T+90)
2,000 shares@ US$11.851.6% of flowCommon StockSEC:0001104659-23-011783:0
Canonical exit: 4 May 2023 (T+90)
2,000 shares@ US$11.631.6% of flowCommon StockSEC:0001104659-23-009314:0
Canonical exit: 30 Apr 2023 (T+90)
513 shares@ US$15.69100.0% of flowCommon StockSEC:0001104659-22-044072:0
1,500 shares@ US$14.943.9% of flowCommon StockSEC:0001104659-22-043673:1
Canonical exit: 5 Jul 2022 (T+90)
2,000 shares@ US$14.775.2% of flowCommon StockSEC:0001104659-22-043673:2
Canonical exit: 5 Jul 2022 (T+90)
1,000 shares@ US$14.732.6% of flowCommon StockSEC:0001104659-22-043673:3
Canonical exit: 5 Jul 2022 (T+90)
100 shares@ US$14.650.3% of flowCommon StockSEC:0001104659-22-043673:4
Canonical exit: 5 Jul 2022 (T+90)
968 shares@ US$15.694.3% of flowCommon StockSEC:0001104659-22-043672:1
154 shares@ US$15.690.7% of flowCommon StockSEC:0001104659-22-043672:2
1,000 shares@ US$14.662.6% of flowCommon StockSEC:0001104659-22-043673:5
Canonical exit: 5 Jul 2022 (T+90)
2,016 shares@ US$15.6912.0% of flowCommon StockSEC:0001104659-22-043672:0
25 of 110 declarations
About Special Opportunities Fund, Inc.
Special Opportunities Fund, Inc. is a US-listed closed-end diversified management investment company traded on the NYSE under the ticker SPE. The fund was incorporated in Maryland on February 19, 1993, and later adopted its current name in December 2009, alongside a strategic shift toward a total-return objective. For investors assessing the company from a fundamental perspective, SPE is best understood not as an operating business, but as a specialist public investment vehicle focused on extracting value from market inefficiencies.
Its core strategy is implemented through Bulldog Investors, the fund’s investment adviser, whose opportunistic philosophy emphasizes discounted closed-end funds, undervalued operating companies and other special situations. The portfolio approach also includes risk arbitrage and distressed securities, which gives the fund a distinctive niche within the US asset-management universe. In practical terms, this means SPE is designed to pursue value creation where pricing, structure or corporate events can create mispricings that a traditional long-only strategy may overlook.
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From a competitive standpoint, SPE stands out through its flexibility, event-driven orientation and willingness to invest in less-followed securities. Unlike conventional equity funds that track broad market exposure, SPE seeks alpha from special situations and valuation dislocations. The fund also maintains a visible shareholder-return framework: it regularly communicates distributions, portfolio activity and share-repurchase activity, making capital-return policy a central part of its investor proposition. In its 2025 annual report, the fund stated that it continued a managed distribution plan under which monthly distributions were paid at an annual rate of at least 8% of the prior year-end NAV, while also using opportunistic share repurchases when discounts to NAV were attractive.
The fund’s operational footprint is primarily in the United States. Its principal administrative presence is in Milwaukee, Wisconsin, and its management, servicing and governance infrastructure are US-based. That said, the strategy itself is global in opportunity set, since special situations, merger arbitrage and discounted closed-end fund investments can span multiple sectors and geographies.
Recent developments have been centered on distribution policy, capital allocation and fund administration. In early 2026, Special Opportunities Fund disclosed year-end distribution details, updated shareholders on its first-quarter 2026 distributions, and reported a December 31, 2025 NAV per common share of $16.31, representing an 11.59% increase for the year after distributions. The fund also noted a change in administrator effective February 2, 2026, with Ultimus Fund Solutions replacing U.S. Bancorp Fund Services. Overall, SPE remains a specialized, event-driven investment company whose value proposition is built on disciplined security selection, active capital management and a persistent focus on closing the gap between market price and intrinsic value.
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