Herzfeld Credit Income Fund (NASDAQ:HERZ) Chairman Acquires $20,173.56 in Stock

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Chairman Thomas Herzfeld bought 1,276 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average price of $15.81 per share, for a total transaction of $20,173.56. Following the transaction, the chairman owned 190,664 shares of the company’s stock, valued at $3,014,397.84. The trade was a 0.67% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Herzfeld Credit Income Fund Stock Up 1.8%

HERZ stock opened at $15.97 on Friday. The company has a 50 day moving average price of $123.93 and a two-hundred day moving average price of $203.95. Herzfeld Credit Income Fund, Inc. has a one year low of $13.71 and a one year high of $31.00.

Institutional Trading of Herzfeld Credit Income Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in Herzfeld Credit Income Fund in the first quarter valued at $29,000. International Assets Investment Management LLC acquired a new stake in Herzfeld Credit Income Fund during the fourth quarter worth about $44,000. Cetera Investment Advisers acquired a new stake in Herzfeld Credit Income Fund during the fourth quarter worth about $55,000. Corient Private Wealth LLC purchased a new position in shares of Herzfeld Credit Income Fund in the 4th quarter worth about $61,000. Finally, Blue Bell Private Wealth Management LLC purchased a new position in shares of Herzfeld Credit Income Fund in the 4th quarter worth about $87,000. 15.74% of the stock is owned by institutional investors and hedge funds.

Herzfeld Credit Income Fund Company 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.