Cornerstone Total Return Fund, Inc. $CRF Stock Acquired by StoneX Group Inc.

StoneX Group Inc. boosted its position in shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 61.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 233,901 shares of the investment management company’s stock after buying an additional 88,709 shares during the quarter. StoneX Group Inc.’s holdings in Cornerstone Total Return Fund were worth $1,447,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Sculptor Capital LP raised its position in Cornerstone Total Return Fund by 2.1% in the first quarter. Sculptor Capital LP now owns 2,771,562 shares of the investment management company’s stock worth $19,262,000 after acquiring an additional 56,852 shares in the last quarter. Almitas Capital LLC bought a new position in shares of Cornerstone Total Return Fund during the 2nd quarter valued at about $11,289,000. Cable Car Capital LP bought a new position in shares of Cornerstone Total Return Fund during the 2nd quarter valued at about $4,757,000. Advisory Solutions Group LLC bought a new position in shares of Cornerstone Total Return Fund during the 2nd quarter valued at about $4,266,000. Finally, Perennial Investment Advisors LLC acquired a new position in shares of Cornerstone Total Return Fund in the 2nd quarter worth approximately $3,597,000. 10.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cornerstone Total Return Fund news, Vice Chairman Joshua Bradshaw bought 20,000 shares of Cornerstone Total Return Fund stock in a transaction that occurred on Tuesday, October 20th. The stock was purchased at an average cost of $5.88 per share, for a total transaction of $117,600.00. Following the completion of the acquisition, the insider owned 20,484 shares of the company’s stock, valued at approximately $120,445.92. This represents a 4,132.23% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 14.50% of the company’s stock.

Cornerstone Total Return Fund Stock Up 3.6%

Shares of CRF opened at $5.99 on Tuesday. The firm’s 50 day moving average is $6.08 and its 200-day moving average is $6.91. Cornerstone Total Return Fund, Inc. has a 12-month low of $5.43 and a 12-month high of $8.16.

Cornerstone Total Return Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, March 31st. Investors of record on Monday, March 15th will be paid a dividend of $0.1022 per share. The ex-dividend date of this dividend is Monday, March 15th. This represents a $1.23 annualized dividend and a yield of 20.5%.

Cornerstone Total Return Fund Company Profile