40,401 Shares in Herzfeld Credit Income Fund, Inc. $HERZ Bought by Hunting Hill Global Capital LLC

Hunting Hill Global Capital LLC bought a new position in shares of Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 40,401 shares of the investment management company’s stock, valued at approximately $90,000. Hunting Hill Global Capital LLC owned about 2.51% of Herzfeld Credit Income Fund at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in Herzfeld Credit Income Fund during the first quarter worth $29,000. International Assets Investment Management LLC acquired a new position in Herzfeld Credit Income Fund during the fourth quarter worth $44,000. Cetera Investment Advisers acquired a new position in Herzfeld Credit Income Fund during the fourth quarter worth $55,000. Blue Bell Private Wealth Management LLC acquired a new position in Herzfeld Credit Income Fund during the fourth quarter worth $87,000. Finally, Choreo LLC acquired a new position in Herzfeld Credit Income Fund during the fourth quarter worth $927,000. Institutional investors and hedge funds own 15.74% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Thomas J. Herzfeld purchased 3,610 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was purchased at an average price of $16.01 per share, for a total transaction of $57,796.10. Following the completion of the purchase, the chairman directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired a total of 4,096 shares of company stock valued at $65,528 in the last ninety days. Company insiders own 42.47% of the company’s stock.

Herzfeld Credit Income Fund Stock Performance

Shares of HERZ opened at $16.08 on Thursday. Herzfeld Credit Income Fund, Inc. has a 12 month low of $13.71 and a 12 month high of $31.00. The firm has a fifty day simple moving average of $17.36 and a 200 day simple moving average of $18.76.

Herzfeld Credit Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a $0.17 dividend. The ex-dividend date is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 12.7%.

Herzfeld Credit Income Fund Profile

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.