Key Points
- Chairman Thomas Herzfeld bought 3,760 shares on March 2 at an average price of $15.32 (about $57,603), bringing his total stake to 189,388 shares (~$2.9M), a 2.03% increase in ownership.
- HERZ price action: the stock traded up to $15.77 with a volume of 3,395 (below its average of 11,646) and has a 12-month range of $13.71–$31.00.
- Institutional interest: several firms (including Jane Street and others) recently established or added small positions, and institutional/hedge fund ownership totals about 15.74% of the shares.
Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ - Get Free Report) Chairman Thomas Herzfeld bought 1,276 shares of the stock in a transaction on Tuesday, March 3rd. The shares were bought at an average price of $15.81 per share, for a total transaction of $20,173.56. Following the completion of the transaction, the chairman directly owned 190,664 shares of the company's stock, valued at $3,014,397.84. This trade represents a 0.67% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Herzfeld Credit Income Fund Price Performance
Shares of NASDAQ:HERZ traded up $0.05 during trading on Thursday, hitting $15.77. 3,438 shares of the stock were exchanged, compared to its average volume of 11,647. The company has a fifty day moving average price of $133.94 and a two-hundred day moving average price of $206.92. Herzfeld Credit Income Fund, Inc. has a 12-month low of $13.71 and a 12-month high of $31.00.
Institutional Investors Weigh In On Herzfeld Credit Income Fund
Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in Herzfeld Credit Income Fund in the 1st quarter valued at about $29,000. Choreo LLC purchased a new stake in shares of Herzfeld Credit Income Fund in the fourth quarter valued at about $927,000. International Assets Investment Management LLC acquired a new stake in shares of Herzfeld Credit Income Fund in the fourth quarter valued at approximately $44,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Herzfeld Credit Income Fund in the fourth quarter valued at approximately $87,000. Finally, Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of Herzfeld Credit Income Fund during the 4th quarter worth approximately $12,969,000. 15.74% of the stock is currently owned by hedge funds and other institutional investors.
About Herzfeld Credit Income Fund
(
Get Free Report)
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.
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