Sit Investment Associates Inc. Sells 925,956 Shares of Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY)

Sit Investment Associates Inc. cut its stake in shares of Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) by 42.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,276,970 shares of the real estate investment trust’s stock after selling 925,956 shares during the quarter. Sit Investment Associates Inc.’s holdings in Credit Suisse High Yield Bond Fund were worth $2,733,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Credit Suisse High Yield Bond Fund during the 4th quarter worth approximately $26,000. Avantax Advisory Services Inc. bought a new stake in shares of Credit Suisse High Yield Bond Fund during the fourth quarter worth $50,000. Apollon Wealth Management LLC acquired a new stake in shares of Credit Suisse High Yield Bond Fund in the fourth quarter valued at $92,000. Commonwealth Equity Services LLC raised its holdings in shares of Credit Suisse High Yield Bond Fund by 7.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 96,527 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 6,476 shares during the last quarter. Finally, Harbour Investments Inc. lifted its position in Credit Suisse High Yield Bond Fund by 6.0% during the 4th quarter. Harbour Investments Inc. now owns 98,532 shares of the real estate investment trust’s stock worth $211,000 after buying an additional 5,552 shares in the last quarter.

Credit Suisse High Yield Bond Fund Stock Performance

Shares of NYSEAMERICAN:DHY opened at $1.97 on Monday. Credit Suisse High Yield Bond Fund, Inc. has a 12 month low of $1.92 and a 12 month high of $2.27. The stock’s 50-day moving average is $2.13.

Credit Suisse High Yield Bond Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 15th will be issued a $0.0155 dividend. This represents a $0.19 dividend on an annualized basis and a dividend yield of 9.44%. The ex-dividend date of this dividend is Tuesday, April 15th.

Insider Buying and Selling

In other Credit Suisse High Yield Bond Fund news, insider Laura A. Defelice bought 56,801 shares of Credit Suisse High Yield Bond Fund stock in a transaction dated Tuesday, January 21st. The shares were bought at an average price of $2.13 per share, with a total value of $120,986.13. Following the purchase, 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 transaction was disclosed in a filing with the SEC, which is available at this link. 14.35% of the stock is currently owned by corporate insiders.

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.