Insider Buying: Herzfeld Credit Income Fund (NASDAQ:HERZ) Chairman Acquires $57,796.10 in Stock

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Chairman Thomas Herzfeld acquired 3,610 shares of the stock in a transaction dated Wednesday, April 15th. The shares were bought at an average cost of $16.01 per share, for a total transaction of $57,796.10. Following the acquisition, the chairman owned 197,248 shares in the company, valued at $3,157,940.48. The trade was a 1.86% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Herzfeld Credit Income Fund Price Performance

HERZ opened at $17.10 on Monday. The stock’s 50 day moving average price is $16.26 and its two-hundred day moving average price is $155.19. Herzfeld Credit Income Fund, Inc. has a 12-month low of $13.71 and a 12-month high of $31.00.

Herzfeld Credit Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a c) dividend on an annualized basis and a yield of 11.9%.

Institutional Trading of Herzfeld Credit Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in Herzfeld Credit Income Fund in the 1st quarter valued at approximately $29,000. International Assets Investment Management LLC acquired a new stake in Herzfeld Credit Income Fund in the 4th quarter valued at approximately $44,000. Cetera Investment Advisers acquired a new stake in Herzfeld Credit Income Fund in the 4th quarter valued at approximately $55,000. Corient Private Wealth LLC acquired a new stake in Herzfeld Credit Income Fund in the 4th quarter valued at approximately $61,000. Finally, Blue Bell Private Wealth Management LLC acquired a new stake in Herzfeld Credit Income Fund in the 4th quarter valued at approximately $87,000. Institutional investors and hedge funds own 15.74% of the company’s stock.

About Herzfeld Credit Income Fund

Herzfeld Credit Income Fund (NASDAQ:HERZ) is a closed-end, non-diversified management investment company that trades on the NASDAQ Capital Market. The fund is externally managed by Herzfeld Advisors, Inc, which is responsible for day-to-day portfolio construction, credit research and risk management under the oversight of an independent board of directors.

The fund’s primary objective is to generate current income with an emphasis on preservation of capital. To pursue this goal, Herzfeld Credit Income Fund invests in a diversified portfolio of corporate debt instruments, including senior secured loans, high-yield bonds, mezzanine loans and other fixed-income securities.