Credit Suisse AM Inc Fund Inc. (NYSE:CIK) major shareholder Saba Capital Management, L.P. sold 35,614 shares of Credit Suisse AM Inc Fund stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $3.43, for a total value of $122,156.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Thursday, August 3rd, Saba Capital Management, L.P. sold 167,110 shares of Credit Suisse AM Inc Fund stock. The shares were sold at an average price of $3.40, for a total value of $568,174.00.
  • On Monday, July 31st, Saba Capital Management, L.P. sold 54,000 shares of Credit Suisse AM Inc Fund stock. The shares were sold at an average price of $3.40, for a total value of $183,600.00.
  • On Friday, July 28th, Saba Capital Management, L.P. sold 96,855 shares of Credit Suisse AM Inc Fund stock. The shares were sold at an average price of $3.40, for a total value of $329,307.00.
  • On Thursday, July 20th, Saba Capital Management, L.P. sold 36,543 shares of Credit Suisse AM Inc Fund stock. The shares were sold at an average price of $3.43, for a total value of $125,342.49.

Shares of Credit Suisse AM Inc Fund Inc. (CIK) opened at 3.37 on Tuesday. Credit Suisse AM Inc Fund Inc. has a 52 week low of $2.91 and a 52 week high of $3.50. The stock has a 50 day moving average price of $3.38 and a 200-day moving average price of $3.33.

The company also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Wednesday, August 9th will be given a $0.022 dividend. This represents a $0.26 annualized dividend and a dividend yield of 7.83%. The ex-dividend date of this dividend is Monday, August 7th.

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Several hedge funds and other institutional investors have recently modified their holdings of CIK. IMS Capital Management raised its position in shares of Credit Suisse AM Inc Fund by 0.8% in the second quarter. IMS Capital Management now owns 103,856 shares of the company’s stock valued at $350,000 after buying an additional 807 shares during the period. Sigma Planning Corp raised its position in Credit Suisse AM Inc Fund by 256.2% in the second quarter. Sigma Planning Corp now owns 246,198 shares of the company’s stock valued at $830,000 after buying an additional 177,080 shares during the period. Shaker Financial Services LLC raised its position in Credit Suisse AM Inc Fund by 270.3% in the second quarter. Shaker Financial Services LLC now owns 355,362 shares of the company’s stock valued at $1,198,000 after buying an additional 259,398 shares during the period. Finally, Wedbush Securities Inc. raised its position in Credit Suisse AM Inc Fund by 10.8% in the second quarter. Wedbush Securities Inc. now owns 385,147 shares of the company’s stock valued at $1,298,000 after buying an additional 37,695 shares during the period.

Credit Suisse AM Inc Fund Company Profile

Credit Suisse Asset Management Income Fund, Inc is a diversified, closed-end management investment fund. The Fund’s investment objective is to provide current income consistent with the preservation of capital. The Fund invests in a range of sectors, which include advertising, auto parts and equipment, brokerage, building and construction, building materials, cable and satellite television, chemicals, consumer/commercial/lease financing, electronics, energy-exploration and production, food-wholesale, forestry and paper, gas distribution, health facilities, insurance brokerage, media-diversified, media content, medical products, metals and mining, oil field equipment and services, packaging, personal and household products, pharmaceuticals, software-services, real estate investment trusts, restaurants, specialty retail, and recreation and travel.

Insider Buying and Selling by Quarter for Credit Suisse AM Inc Fund (NYSE:CIK)

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