Herzfeld Credit Income Fund (NASDAQ:HERZ) Chairman Thomas Herzfeld Buys 3,760 Shares

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Chairman Thomas Herzfeld bought 3,760 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were bought at an average price of $15.32 per share, for a total transaction of $57,603.20. Following the completion of the transaction, the chairman directly owned 189,388 shares in the company, valued at approximately $2,901,424.16. This represents a 2.03% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Herzfeld Credit Income Fund Stock Performance

Shares of HERZ traded up $0.05 during trading hours on Thursday, reaching $15.77. The company had a trading volume of 3,395 shares, compared to its average volume of 11,646. Herzfeld Credit Income Fund, Inc. has a 12-month low of $13.71 and a 12-month high of $31.00. The firm has a 50 day simple moving average of $133.94 and a 200-day simple moving average of $206.92.

Hedge Funds Weigh In On Herzfeld Credit Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of HERZ. Blue Bell Private Wealth Management LLC acquired a new position in shares of Herzfeld Credit Income Fund during the 4th quarter worth $87,000. International Assets Investment Management LLC purchased a new position in Herzfeld Credit Income Fund during the 4th quarter valued at about $44,000. Choreo LLC acquired a new position in Herzfeld Credit Income Fund during the fourth quarter worth about $927,000. Cetera Investment Advisers purchased a new stake in shares of Herzfeld Credit Income Fund in the fourth quarter valued at about $55,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of Herzfeld Credit Income Fund in the fourth quarter valued at approximately $61,000. 15.74% of the stock is owned by institutional investors and hedge funds.

About Herzfeld Credit Income Fund

Herzfeld Credit Income Fund (NASDAQ:HERZ) is a closed-end, non-diversified management investment company that trades on the NASDAQ Capital Market. The fund is externally managed by Herzfeld Advisors, Inc, which is responsible for day-to-day portfolio construction, credit research and risk management under the oversight of an independent board of directors.

The fund’s primary objective is to generate current income with an emphasis on preservation of capital. To pursue this goal, Herzfeld Credit Income Fund invests in a diversified portfolio of corporate debt instruments, including senior secured loans, high-yield bonds, mezzanine loans and other fixed-income securities.