Key Points
- Vice Chairman Joshua Bradshaw purchased 20,000 shares of Cornerstone Total Return Fund at an average price of $5.88, investing $117,600 and increasing his holdings by more than 4,100%.
- Cornerstone Total Return Fund declared a monthly dividend of $0.1176 per share, equivalent to an annualized $1.41 dividend and a 23.7% yield.
- CRF shares opened at $5.96, near the lower end of their 52-week range of $5.82 to $8.16; institutional investors and hedge funds own 10.41% of the stock.
Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Get Free Report) Vice Chairman Joshua Bradshaw bought 20,000 shares of the stock in a transaction dated Tuesday, October 20th. The shares were purchased at an average cost of $5.88 per share, for a total transaction of $117,600.00. Following the completion of the purchase, the insider owned 20,484 shares in the company, valued at approximately $120,445.92. This represents a 4,132.23% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Cornerstone Total Return Fund Stock Performance
NYSEAMERICAN:CRF opened at $5.96 on Thursday. Cornerstone Total Return Fund, Inc. has a 52 week low of $5.82 and a 52 week high of $8.16. The stock's 50-day moving average price is $6.29 and its 200-day moving average price is $6.86.
Cornerstone Total Return Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a $0.1176 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.41 dividend on an annualized basis and a yield of 23.7%.
Institutional Trading of Cornerstone Total Return Fund
Several institutional investors have recently bought and sold shares of the business. Ascentis Independent Advisors purchased a new stake in shares of Cornerstone Total Return Fund in the first quarter valued at approximately $33,000. Allworth Financial LP acquired a new position in shares of Cornerstone Total Return Fund during the 2nd quarter worth approximately $62,000. Two Sigma Securities LLC purchased a new position in shares of Cornerstone Total Return Fund during the 2nd quarter valued at approximately $72,000. Concurrent Investment Advisors LLC purchased a new position in shares of Cornerstone Total Return Fund during the 2nd quarter valued at approximately $81,000. Finally, Money Concepts Capital Corp purchased a new position in shares of Cornerstone Total Return Fund during the 1st quarter valued at approximately $88,000. 10.41% of the stock is owned by institutional investors and hedge funds.
Cornerstone Total Return Fund Company Profile
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