Sigma Planning Corp boosted its stake in shares of Credit Suisse AM Inc Fund Inc. (NYSEAMERICAN:CIK) by 23.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 437,931 shares of the company’s stock after purchasing an additional 81,817 shares during the period. Sigma Planning Corp owned approximately 0.84% of Credit Suisse AM Inc Fund worth $1,450,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of CIK. Shaker Financial Services LLC increased its stake in Credit Suisse AM Inc Fund by 49.1% during the 3rd quarter. Shaker Financial Services LLC now owns 529,962 shares of the company’s stock worth $1,797,000 after buying an additional 174,600 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Credit Suisse AM Inc Fund by 0.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 50,672 shares of the company’s stock worth $171,000 after acquiring an additional 312 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Credit Suisse AM Inc Fund by 50.5% during the 2nd quarter. Wells Fargo & Company MN now owns 82,353 shares of the company’s stock worth $277,000 after acquiring an additional 27,649 shares in the last quarter.
Credit Suisse AM Inc Fund Inc. (NYSEAMERICAN CIK) opened at $3.24 on Tuesday. The company has a market cap of $169.43, a PE ratio of 5.40 and a beta of 0.51. Credit Suisse AM Inc Fund Inc. has a fifty-two week low of $3.19 and a fifty-two week high of $3.50.
The company also recently disclosed a monthly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, February 9th were given a $0.022 dividend. The ex-dividend date was Thursday, February 8th. This represents a $0.26 annualized dividend and a yield of 8.15%. Credit Suisse AM Inc Fund’s dividend payout ratio is presently 43.33%.
In related news, major shareholder Saba Capital Management, L.P. purchased 71,791 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were bought at an average cost of $11.97 per share, for a total transaction of $859,338.27. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders purchased 75,560 shares of company stock worth $872,831.
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Credit Suisse AM Inc Fund Profile
Credit Suisse Asset Management Income Fund, Inc is a diversified, closed-end management investment fund. The Fund’s investment objective is to provide current income consistent with the preservation of capital. The Fund invests in a range of sectors, which include advertising, auto parts and equipment, brokerage, building and construction, building materials, cable and satellite television, chemicals, consumer/commercial/lease financing, electronics, energy-exploration and production, food-wholesale, forestry and paper, gas distribution, health facilities, insurance brokerage, media-diversified, media content, medical products, metals and mining, oil field equipment and services, packaging, personal and household products, pharmaceuticals, software-services, real estate investment trusts, restaurants, specialty retail, and recreation and travel.
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