Herzfeld Credit Income Fund (NASDAQ:HERZ) Chairman Thomas Herzfeld Purchases 3,610 Shares of Stock

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Chairman Thomas Herzfeld bought 3,610 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were 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 of the company’s stock, valued at approximately $3,157,940.48. This trade represents a 1.86% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Herzfeld Credit Income Fund Trading Up 2.5%

Shares of Herzfeld Credit Income Fund stock opened at $17.10 on Friday. Herzfeld Credit Income Fund, Inc. has a 52 week low of $13.71 and a 52 week high of $31.00. The firm’s 50 day moving average is $16.26 and its two-hundred day moving average is $156.34.

Herzfeld Credit Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 11.9%. The ex-dividend date of this dividend is Tuesday, June 16th.

Institutional Investors Weigh In On Herzfeld Credit Income Fund

Several large investors have recently modified their holdings of HERZ. Jane Street Group LLC acquired a new stake in shares of Herzfeld Credit Income Fund in the first quarter valued at approximately $29,000. Choreo LLC acquired a new stake in shares of Herzfeld Credit Income Fund during the fourth quarter worth $927,000. International Assets Investment Management LLC acquired a new stake in shares of Herzfeld Credit Income Fund during the fourth quarter worth $44,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Herzfeld Credit Income Fund during the fourth quarter worth $87,000. Finally, Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of Herzfeld Credit Income Fund during the fourth quarter worth $12,969,000. 15.74% of the stock is owned by institutional investors and hedge funds.

About Herzfeld Credit Income Fund

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.