Insider Buying: Stone Harbor Emerging Markets Income Fnd (NYSE:EDF) EVP Purchases 5,753 Shares of Stock

Stone Harbor Emerging Markets Income Fnd (NYSE:EDF) EVP James E. Craige bought 5,753 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were bought at an average price of $6.93 per share, with a total value of $39,868.29.

Stone Harbor Emerging Markets Income Fnd stock opened at $7.08 on Friday. Stone Harbor Emerging Markets Income Fnd has a 1 year low of $3.46 and a 1 year high of $14.48. The business has a 50-day moving average of $7.06 and a 200-day moving average of $8.77.

The business also recently announced a monthly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Monday, October 19th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, October 16th. This represents a $0.96 annualized dividend and a dividend yield of 13.56%.

Several institutional investors and hedge funds have recently modified their holdings of EDF. Wedbush Securities Inc. acquired a new position in shares of Stone Harbor Emerging Markets Income Fnd in the 1st quarter valued at approximately $80,000. GWM Advisors LLC acquired a new position in shares of Stone Harbor Emerging Markets Income Fnd in the 1st quarter valued at approximately $81,000. Advisor Group Inc. grew its position in shares of Stone Harbor Emerging Markets Income Fnd by 123.1% in the 4th quarter. Advisor Group Inc. now owns 7,250 shares of the company’s stock valued at $100,000 after purchasing an additional 4,000 shares during the period. Kovack Advisors Inc. acquired a new position in shares of Stone Harbor Emerging Markets Income Fnd in the 1st quarter valued at approximately $113,000. Finally, Moors & Cabot Inc. acquired a new position in shares of Stone Harbor Emerging Markets Income Fnd in the 1st quarter valued at approximately $129,000.

Stone Harbor Emerging Markets Income Fnd Company Profile

Stone Harbor Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched and managed by Stone Harbor Investment Partners LP. The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in sovereign debt obligations, corporate debt securities, structured notes, convertible securities, securities issued by supranational organizations, floating rate commercial loans, and securitized loan participations.

Further Reading: Lock-Up Period Expiration

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