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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

EDGAR® is a registered trademark of the U.S. Securities and Exchange Commission. TENK/calls is an independent service and is not affiliated with, endorsed by, or approved by the U.S. Securities and Exchange Commission.

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Home›Stocks›DMA

DMA

Destra Multi-Alternative Fund

Sell
$7.64
▲ +2.83%
$7.64▲ +1.45%
over 1Y
L $6.86H $8.39
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+2.8%
1W+4.3%
1M+3.1%
3M-0.9%
YTD-7.6%
1Y+1.4%
OverviewValuationQualityTimelineFilings
Rating
Sell
Quality
C
Valuation
Fair value
Filings
Clean
Sell
Conviction
Horizon
Medium (3–12mo)

Mixed signals in the latest filings.

Destra Multi-Alternative Fund shows limited reported revenue.

On these fundamentals, the SEC-figure screen rates DMA a SELL.

Is DMA a buy? The one-page verdict, explained →

The options angle

model · matches our verdict
Bear put spread~60d expiry
  • Long put 7.5 @ ~0.23 est
  • Short put 7 @ ~0.08 est
debit $15max +$35max −$15BE 7.35

SELL verdict, defined risk: profits into weakness down to the short strike; max loss is the net debit.

Open in the calculator →

Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.

Key statistics

Valuation

Enterprise value$57.9M
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield—
FCF yield—

Quality & risk

ROIC (est.)—
Free cash flow—
Total debt—
Net cash—

Capital returns

Buyback yield—
Dividend yield (est.)—
Shareholder yield—

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Routine disclosure cadence — no material red flags in recent filings.
  1. 8-K Other event2026-02-19
  2. 8-K Shareholder vote2025-12-19
  3. DEF 14A Proxy statement2025-11-17
  4. DEF 14A Proxy statement2025-11-13
  5. DEF 14A Proxy statement2024-11-19
  6. SC 13D/A Activist / 5%+ stake change2024-07-25
  7. SC 13D/A Activist / 5%+ stake change2024-07-17
  8. SC 13D/A Activist / 5%+ stake change2024-07-12
  9. SC 13D/A Activist / 5%+ stake change2024-06-26

Recent filings

all on EDGAR ↗
N-CENPeriod ending 2026-03-312026-06-15open ↗N-CSRPeriod ending 2026-03-312026-06-08open ↗NPORT-PPeriod ending 2026-03-312026-06-01open ↗40-17GFiling2026-04-22open ↗4Period ending 2026-02-262026-03-02open ↗NPORT-PPeriod ending 2025-12-312026-02-27open ↗8-KPeriod ending 2026-02-192026-02-19open ↗8-KPeriod ending 2025-12-182025-12-19open ↗N-CSRSPeriod ending 2025-09-302025-12-09open ↗4Period ending 2025-11-282025-12-02open ↗NPORT-PPeriod ending 2025-09-302025-12-01open ↗DEF 14APeriod ending 2025-12-182025-11-17open ↗

Quality score

C
ValueGrowthProfitHealthMom.
Value—
Growth—
Profitability—
Financial health—
MomentumC
6.8652-week8.39
Revenue
—
Net margin
—
ROE
—
P/E
—

SEC fundamentals

Frequently asked

Is Destra Multi-Alternative Fund (DMA) a buy?
DMA currently carries a Sell rating with 2/5 conviction, derived from its latest SEC filings. Mixed signals in the latest filings.
What is Destra Multi-Alternative Fund's quality score?
DMA scores 58.46357069974289/100 (grade C) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001523289, latest N-CEN filed 2026-06-15) · EODHD · as of 6/16/2026, 4:14:52 PM.

›About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice

Rule-based analysis, generated automatically from SEC filing data.

Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 16, 2026, 12:14 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC
2026-02-27
Watson Robert A.
PRESIDENT
Buy19.00 @ $8.64$164.06
2026-02-27
Watson Robert A.
PRESIDENT
Buy168.00 @ $8.64$1.45K
2026-02-27
Watson Robert A.
PRESIDENT
Buy249.00 @ $8.68$2.16K
2026-02-27
Watson Robert A.
PRESIDENT
Buy15.00 @ $8.64$129.56
2026-02-26
Watson Robert A.
PRESIDENT
Buy60.00 @ $8.53$511.50
2026-02-26
Watson Robert A.
PRESIDENT
Buy26.00 @ $8.58$223.08
2025-11-28
Saba Capital Management, L.P.
10% owner
Disposed (J)14.5K
2025-10-31
Watson Robert A.
PRESIDENT
Buy176.00 @ $8.61$1.52K
2025-10-31
Watson Robert A.
PRESIDENT
Buy56.00 @ $8.61$482.16
2025-10-31
Watson Robert A.
PRESIDENT
Buy606.00 @ $8.62$5.22K
2025-09-09
Saba Capital Management, L.P.
10% owner
Buy68.4K @ $8.60$589K
2025-09-08
Saba Capital Management, L.P.
10% owner
Buy500.00 @ $8.58$4.29K

Vs tracked universe

compare →

1195 tracked peers · median

TENK Score58 vs 67
Revenue growth— vs 7.5%
Net margin— vs 10.0%
Return on equity— vs 12.0%
P/E— vs 26.2