RiverNorth Capital and Income Fund (RSF) to Post Quarterly Earnings on Wednesday

RiverNorth Capital and Income Fund (NYSE:RSF) is expected to be issuing its resultson Wednesday, September 2nd. Analysts expect RiverNorth Capital and Income Fund to post earnings of $0.87 per share and revenue of $4.5860 million for the quarter.

RiverNorth Capital and Income Fund Stock Up 0.1%

Shares of RSF stock opened at $14.52 on Tuesday. The stock’s 50-day moving average is $14.57 and its 200 day moving average is $14.56. RiverNorth Capital and Income Fund has a 1-year low of $14.23 and a 1-year high of $15.07.

RiverNorth Capital and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were given a dividend of $0.1371 per share. This represents a c) annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend was Wednesday, July 15th. RiverNorth Capital and Income Fund’s dividend payout ratio is presently 109.33%.

Institutional Trading of RiverNorth Capital and Income Fund

A number of institutional investors have recently made changes to their positions in RSF. Equitable Holdings Inc. acquired a new position in RiverNorth Capital and Income Fund during the 4th quarter valued at about $167,000. Osaic Holdings Inc. increased its holdings in shares of RiverNorth Capital and Income Fund by 15.9% during the fourth quarter. Osaic Holdings Inc. now owns 179,232 shares of the company’s stock valued at $2,574,000 after acquiring an additional 24,600 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of RiverNorth Capital and Income Fund during the fourth quarter valued at about $214,000. Advisory Services Network LLC purchased a new position in shares of RiverNorth Capital and Income Fund in the 3rd quarter valued at approximately $35,000. Finally, Nomura Holdings Inc. acquired a new stake in RiverNorth Capital and Income Fund in the 3rd quarter worth approximately $3,680,000.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of RiverNorth Capital and Income Fund to a “hold” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, RiverNorth Capital and Income Fund has an average rating of “Hold”.

RiverNorth Capital and Income Fund Company Profile

RiverNorth Capital and Income Fund (NYSE: RSF) is a closed-end investment company managed by RiverNorth Capital Management, LLC. The fund seeks to provide shareholders with a combination of current income and capital appreciation by employing a flexible, unconstrained fixed-income strategy. RSF invests across a broad spectrum of debt and convertible securities, aiming to capitalize on relative value opportunities in both interest-rate and credit markets.

The fund’s portfolio typically includes high-yield corporate bonds, bank loans, convertible securities, preferred stocks and other debt instruments.