IMS Capital Management Increases Position in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK)

IMS Capital Management grew its holdings in shares of Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 201,321 shares of the company’s stock after purchasing an additional 5,679 shares during the period. IMS Capital Management owned about 0.38% of Credit Suisse Asset Management Income Fund worth $582,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Fiera Capital Corp raised its position in Credit Suisse Asset Management Income Fund by 555.2% in 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 in the last quarter. Fortis Group Advisors LLC acquired a new position in Credit Suisse Asset Management Income Fund during the 3rd quarter worth approximately $39,000. Jane Street Group LLC purchased a new stake in shares of Credit Suisse Asset Management Income Fund in the 3rd quarter valued at approximately $37,000. HighTower Advisors LLC acquired a new stake in shares of Credit Suisse Asset Management Income Fund in the 3rd quarter valued at $34,000. Finally, Dynamic Advisor Solutions LLC lifted its position in shares of Credit Suisse Asset Management Income Fund by 20.2% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 54,489 shares of the company’s stock worth $157,000 after purchasing an additional 9,150 shares during the last quarter. 29.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Credit Suisse Asset Management Income Fund

In related news, insider Laura A. Defelice acquired 40,766 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was bought at an average price of $2.92 per share, for a total transaction of $119,036.72. Following the completion of the purchase, the insider now directly owns 47,402 shares of the company’s stock, valued at approximately $138,413.84. The trade was a 614.32 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 18.63% of the company’s stock.

Credit Suisse Asset Management Income Fund Stock Performance

NYSEAMERICAN:CIK opened at $2.96 on Friday. Credit Suisse Asset Management Income Fund, Inc. has a 12 month low of $2.82 and a 12 month high of $3.13.

Credit Suisse Asset Management Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th will be issued a $0.0225 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 9.12%.

Credit Suisse Asset Management Income Fund 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.