Laura A. Defelice Buys 40,766 Shares of Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Stock

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) insider Laura A. Defelice acquired 40,766 shares of Credit Suisse Asset Management Income Fund stock in a transaction that occurred on Tuesday, January 21st. The shares were purchased at an average cost of $2.92 per share, with a total value of $119,036.72. Following the purchase, the insider now owns 47,402 shares of the company’s stock, valued at $138,413.84. This represents a 614.32 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Credit Suisse Asset Management Income Fund Price Performance

NYSEAMERICAN:CIK traded up $0.01 during trading hours on Tuesday, hitting $2.94. The stock had a trading volume of 413,409 shares, compared to its average volume of 376,575. Credit Suisse Asset Management Income Fund, Inc. has a one year low of $2.82 and a one year high of $3.13.

Credit Suisse Asset Management Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 24th. Investors of record on Thursday, January 16th will be given a dividend of $0.0225 per share. This represents a $0.27 annualized dividend and a yield of 9.18%. The ex-dividend date is Thursday, January 16th.

Hedge Funds Weigh In On Credit Suisse Asset Management Income Fund

A number of institutional investors have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. raised its position in shares of Credit Suisse Asset Management Income Fund by 14.2% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 26,905 shares of the company’s stock valued at $80,000 after buying an additional 3,337 shares in the last quarter. IMS Capital Management raised its position in Credit Suisse Asset Management Income Fund by 63.3% during the second quarter. IMS Capital Management now owns 194,581 shares of the company’s stock valued at $597,000 after purchasing an additional 75,404 shares in the last quarter. Fortis Group Advisors LLC purchased a new position in shares of Credit Suisse Asset Management Income Fund in the 3rd quarter worth about $39,000. Fiera Capital Corp increased its position in shares of Credit Suisse Asset Management Income Fund by 555.2% during the 3rd quarter. Fiera Capital Corp now owns 166,450 shares of the company’s stock valued at $514,000 after purchasing an additional 141,044 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new position in shares of Credit Suisse Asset Management Income Fund during the 3rd quarter valued at about $34,000. 29.49% of the stock is currently owned by institutional investors.

Credit Suisse Asset Management Income Fund Company Profile

Credit Suisse Asset Management Income 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 primarily invests in high yield corporate debt such as bonds and debentures that are rated Baa or lower by Moody's or BBB or lower by S&P.