Harbour Investments Inc. Boosts Stake in Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY)

Harbour Investments Inc. boosted its holdings in shares of Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,532 shares of the real estate investment trust’s stock after buying an additional 5,552 shares during the quarter. Harbour Investments Inc.’s holdings in Credit Suisse High Yield Bond Fund were worth $211,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Credit Suisse High Yield Bond Fund during the 4th quarter worth approximately $26,000. D.A. Davidson & CO. acquired a new stake in Credit Suisse High Yield Bond Fund during the 3rd quarter worth approximately $39,000. Avantax Advisory Services Inc. acquired a new stake in Credit Suisse High Yield Bond Fund during the 4th quarter worth approximately $50,000. Apollon Wealth Management LLC acquired a new stake in Credit Suisse High Yield Bond Fund during the 4th quarter worth approximately $92,000. Finally, Commonwealth Equity Services LLC lifted its holdings in Credit Suisse High Yield Bond Fund by 7.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 96,527 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 6,476 shares in the last quarter.

Insider Activity

In other news, insider Laura A. Defelice acquired 56,801 shares of Credit Suisse High Yield Bond Fund stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average cost of $2.13 per share, for a total transaction of $120,986.13. Following the acquisition, the insider now owns 66,653 shares of the company’s stock, valued at $141,970.89. This trade represents a 576.54 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 14.35% of the company’s stock.

Credit Suisse High Yield Bond Fund Stock Performance

Shares of DHY opened at $2.15 on Friday. Credit Suisse High Yield Bond Fund, Inc. has a twelve month low of $1.96 and a twelve month high of $2.27. The firm has a fifty day moving average price of $2.13.

Credit Suisse High Yield Bond Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be issued a $0.0155 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 8.65%.

Credit Suisse High Yield Bond Fund Profile

Credit Suisse High Yield Bond Fund, Inc is a closed ended fixed income mutual fund launched and managed by Credit Suisse Asset Management, LLC. The fund invests in the fixed income markets of the United States. It invests in the securities of companies across diversified sectors. The fund primarily invests in below-investment-grade corporate bonds with an average credit quality lower than BBB by Standard & Poor's and an average duration of 5.07 years.