Stayce D. Harris, a director at BlackRock (NYSE:BLK) Debt Strategies Fund, Inc. (NYSE:DSU), recently acquired 10 shares of the company's common stock, according to a recent SEC filing. The purchase, made on October 29, 2024, was executed at a price of $10.8199 per share, totaling approximately $108. This transaction increases Harris's direct ownership to 10 shares.
InvestingPro Insights
While Stayce D. Harris's recent purchase of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) shares may seem modest, it aligns with some notable characteristics of the fund. According to InvestingPro data, DSU boasts a substantial dividend yield of 10.97%, making it an attractive option for income-focused investors. This high yield is supported by an InvestingPro Tip indicating that DSU "pays a significant dividend to shareholders" and has "maintained dividend payments for 27 consecutive years."
The fund's market capitalization stands at $507.69 million, with a P/E ratio of 9.44, suggesting a potentially undervalued position relative to its earnings. This valuation metric, combined with the fund's consistent dividend history, may explain why insiders like Harris are showing interest in ownership.
InvestingPro Tips also reveal that DSU "generally trades with low price volatility," which could appeal to risk-averse investors seeking stable income streams. However, it's worth noting that the fund's "short-term obligations exceed liquid assets," which potential investors should consider when evaluating its financial health.
For those interested in a deeper analysis, InvestingPro offers 6 additional tips for DSU, providing a more comprehensive view of the fund's investment profile.
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