LEO 10% Owner Saba Capital Management, L.P. Buys $369K of Stock

Saba Capital Management, L.P. bought 65,000 shares of BNY Mellon Strategic Municipals, Inc. (LEO) on October 23, 2026, for a total of $369,200. This purchase increased Saba's stake in the company to 6,547,189 shares. The information comes from a Form 4 filing with the SEC.

The recent buy at $5.68 comes as LEO closed at $5.69 on the same day. The stock has been performing well, recently trading around $5.84, which is about 2.6% above its closing price on the event date. This indicates that Saba Capital is confident in the stock's current value and future potential.

LEO BNY Mellon Strategic Municipals, Inc.

$5.69 ▼ -6.72% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Other Institutional Activity in LEO

Saba Capital Management's activity is part of a broader trend among institutional investors. For instance, Pathstone Holdings, LLC trimmed its holdings, reducing its shares by 256,848 to 3,487,291 shares, valued at approximately $20.4 million. Conversely, SIT Investment Associates Inc. increased its stake by 376,483 shares, bringing its total to 2,295,354 shares worth about $13.4 million. RiverNorth Capital Management, LLC slightly added to its position, increasing its stake by 21,241 shares, for a total of 2,006,388 shares valued at about $11.7 million.

BNY Mellon Strategic Municipals, Inc. Stock Up 2.5%

As of October 23, 2026, BNY Mellon Strategic Municipals, Inc. was trading at $5.69, which is about 10.8% below its 52-week high of $6.55. The stock's recent trading price of around $5.84 is approximately equal to its 50-day moving average of $5.84, but about 6.3% below its 200-day moving average of $6.23. This suggests that while the stock is performing relatively well, it still has room to grow to reach its historical highs.

Recent Earnings

BNY Mellon Strategic Municipals reported trailing twelve-month revenue of approximately $30.12 million, with a net margin of 42%. The company has a P/E ratio of 28.45 and an ROE of 3%. These figures indicate a steady performance, although the P/E suggests that the stock may be viewed as somewhat expensive compared to its earnings. The next earnings report is expected on November 9, 2026.

Insider Buying and Selling at BNY Mellon Strategic Municipals, Inc.

Saba Capital Management has been active in its insider trading, making several purchases in the days leading up to this buy. On October 16, 2026, it bought 322,858 shares at an average price of $5.65, totaling about $1.83 million. On October 19, it purchased 15,246 shares at $5.67, valued at about $86,445. On October 20, it acquired 7,724 shares at $5.72, worth around $44,181. Finally, on October 21, it bought 45,831 shares at $5.73, totaling about $262,612. These transactions reflect Saba's commitment to increasing its stake in BNY Mellon Strategic Municipals.

Analysts Set New Price Targets

No recent analyst ratings or price targets have been set for BNY Mellon Strategic Municipals, indicating a potential area for future activity as the market continues to evolve.

About BNY Mellon Strategic Municipals, Inc.

BNY Mellon Strategic Municipals, Inc. is a closed-end fixed-income mutual fund that primarily invests in investment-grade municipal bonds. These bonds provide tax-exempt income, making them attractive to investors looking for stable returns. The fund is managed by BNY Mellon Investment Adviser, Inc., and is headquartered in New York, NY.

Bottom Line

Investors will want to keep an eye on BNY Mellon Strategic Municipals as it approaches its next earnings report on November 9, 2026. Saba Capital's recent buying spree indicates a strong belief in the fund's potential, and further insider activity could provide additional insights into its future performance.