Cable Car Capital LP Buys Shares of 1,274,106 Cornerstone Strategic Investment Fund, Inc. $CLM

Cable Car Capital LP purchased a new position in shares of Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,274,106 shares of the investment management company’s stock, valued at approximately $9,632,000.

A number of other large investors have also made changes to their positions in the stock. Sculptor Capital LP acquired a new stake in Cornerstone Strategic Investment Fund in the second quarter valued at $21,653,000. PFG Investments LLC increased its position in shares of Cornerstone Strategic Investment Fund by 37.5% in the first quarter. PFG Investments LLC now owns 4,123,031 shares of the investment management company’s stock valued at $30,016,000 after buying an additional 1,125,223 shares in the last quarter. Quarry LP raised its stake in shares of Cornerstone Strategic Investment Fund by 353.6% during the 4th quarter. Quarry LP now owns 1,235,307 shares of the investment management company’s stock worth $10,327,000 after buying an additional 962,972 shares during the last quarter. LPL Financial LLC raised its stake in shares of Cornerstone Strategic Investment Fund by 24.1% during the 4th quarter. LPL Financial LLC now owns 1,802,318 shares of the investment management company’s stock worth $15,067,000 after buying an additional 350,079 shares during the last quarter. Finally, Kovack Advisors Inc. purchased a new stake in shares of Cornerstone Strategic Investment Fund in the 4th quarter worth about $1,766,000.

Cornerstone Strategic Investment Fund Stock Performance

Cornerstone Strategic Investment Fund stock opened at $6.74 on Wednesday. Cornerstone Strategic Investment Fund, Inc. has a 52 week low of $6.65 and a 52 week high of $8.53. The firm’s 50-day simple moving average is $7.37 and its 200 day simple moving average is $7.48.

Cornerstone Strategic Investment Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.1215 per share. The ex-dividend date is Tuesday, December 15th. This represents a c) dividend on an annualized basis and a yield of 21.6%.

Cornerstone Strategic Investment Fund Profile

Cornerstone Strategic Investment Fund (NYSE American: CLM) is a closed-end diversified management investment company organized under the Investment Company Act of 1940. The fund’s primary objective is to seek total return, with an emphasis on dividend income and long-term capital appreciation for its shareholders. Trading on the NYSE American, CLM offers investors exposure to a flexible portfolio designed to capture income opportunities across various market environments.

The fund seeks to achieve its objective by investing primarily in convertible securities, including both convertible bonds and convertible preferred stocks, as well as common stocks of companies with favorable risk-return profiles.