Credit Suisse AM Inc Fund Inc. (NYSE:CIK) major shareholder Saba Capital Management, L.P. sold 16,186 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $3.34, for a total value of $54,061.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% 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 Friday, August 25th, Saba Capital Management, L.P. sold 12,700 shares of Credit Suisse AM Inc Fund stock. The shares were sold at an average price of $3.34, for a total value of $42,418.00.
  • On Wednesday, August 23rd, Saba Capital Management, L.P. sold 140,701 shares of Credit Suisse AM Inc Fund stock. The shares were sold at an average price of $3.34, for a total value of $469,941.34.
  • On Friday, August 18th, Saba Capital Management, L.P. sold 10,502 shares of Credit Suisse AM Inc Fund stock. The shares were sold at an average price of $3.33, for a total value of $34,971.66.
  • On Thursday, August 17th, Saba Capital Management, L.P. sold 64,639 shares of Credit Suisse AM Inc Fund stock. The shares were sold at an average price of $3.35, for a total value of $216,540.65.
  • On Tuesday, August 15th, Saba Capital Management, L.P. sold 48,000 shares of Credit Suisse AM Inc Fund stock. The shares were sold at an average price of $3.34, for a total value of $160,320.00.
  • On Thursday, August 10th, Saba Capital Management, L.P. sold 2,800 shares of Credit Suisse AM Inc Fund stock. The stock was sold at an average price of $3.34, for a total value of $9,352.00.
  • On Wednesday, August 9th, Saba Capital Management, L.P. sold 21,357 shares of Credit Suisse AM Inc Fund stock. The stock was sold at an average price of $3.36, for a total value of $71,759.52.
  • On Friday, August 4th, Saba Capital Management, L.P. sold 47,052 shares of Credit Suisse AM Inc Fund stock. The stock was sold at an average price of $3.40, for a total value of $159,976.80.
  • On Thursday, August 3rd, Saba Capital Management, L.P. sold 167,110 shares of Credit Suisse AM Inc Fund stock. The stock was 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 stock was sold at an average price of $3.40, for a total value of $183,600.00.

Shares of Credit Suisse AM Inc Fund Inc. (CIK) opened at 3.35 on Friday. Credit Suisse AM Inc Fund Inc. has a 52 week low of $2.91 and a 52 week high of $3.50. The company has a 50-day moving average price of $3.37 and a 200 day moving average price of $3.34.

The firm also recently declared a monthly dividend, which will be paid on Monday, September 18th. Investors of record on Tuesday, September 12th will be paid a dividend of $0.022 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 7.88%. The ex-dividend date is Monday, September 11th.

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A number of large investors have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. raised its stake in shares of Credit Suisse AM Inc Fund by 0.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 50,672 shares of the company’s stock worth $171,000 after buying an additional 312 shares during the period. IMS Capital Management raised its stake 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 worth $350,000 after buying an additional 807 shares during the period. Strategic Advisors LLC raised its stake in shares of Credit Suisse AM Inc Fund by 2.0% in the second quarter. Strategic Advisors LLC now owns 87,651 shares of the company’s stock worth $295,000 after buying an additional 1,717 shares during the period. QCM Cayman Ltd. purchased a new stake in shares of Credit Suisse AM Inc Fund during the second quarter worth $275,000. Finally, Wells Fargo & Company MN raised its stake in shares of Credit Suisse AM Inc Fund by 50.5% in the second quarter. Wells Fargo & Company MN now owns 82,353 shares of the company’s stock worth $277,000 after buying an additional 27,649 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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