Gerald Hellerman, a director at High Income Securities Fund (NYSE:PCF), has made significant purchases of the company's common stock, according to a recent SEC filing. On December 16 and 17, Hellerman acquired a total of 35,934 shares through multiple transactions. The shares were purchased at prices ranging from $6.50 to $6.69 per share, amounting to a total investment of $203,871. The purchases come as PCF trades near its 52-week low, with the stock currently offering an attractive 11.5% dividend yield. Following these transactions, Hellerman now holds 35,259 shares directly in the $120 million market cap fund, which trades at a P/E ratio of 10.4. This activity reflects a notable increase in his stake in the fund. InvestingPro analysis reveals several additional key metrics and insights about PCF's valuation and financial health.
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