Key Points
- Charles Gerber bought 16,000 shares of Credit Suisse High Yield Bond Fund at an average price of $1.88 on April 16, a transaction of $30,080 that was disclosed in an SEC filing and represents an infinite increase from his prior position.
- The fund announced a monthly dividend of $0.0155 per share payable April 23 (record/ex-dividend date April 16), implying an annualized yield of about 10.1%.
- DHY is trading around $1.85 (down 1.6%), near its 1‑year low of $1.82 with a 50‑day/200‑day moving average of $1.91/$1.99, while several institutions built small positions and Equitable increased holdings by 34.6%.
Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY - Get Free Report) insider Charles Gerber bought 16,000 shares of the business's stock in a transaction on Thursday, April 16th. The stock was bought at an average price of $1.88 per share, for a total transaction of $30,080.00. Following the completion of the purchase, the insider directly owned 16,000 shares of the company's stock, valued at $30,080. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Credit Suisse High Yield Bond Fund Trading Down 1.6%
DHY stock opened at $1.85 on Friday. Credit Suisse High Yield Bond Fund, Inc. has a 1 year low of $1.82 and a 1 year high of $2.16. The stock's fifty day moving average is $1.91 and its two-hundred day moving average is $1.99.
Credit Suisse High Yield Bond Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, April 16th will be paid a $0.0155 dividend. This represents a c) dividend on an annualized basis and a yield of 10.1%. The ex-dividend date is Thursday, April 16th.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. acquired a new position in shares of Credit Suisse High Yield Bond Fund during the fourth quarter valued at $40,000. World Investment Advisors acquired a new position in shares of Credit Suisse High Yield Bond Fund during the fourth quarter valued at $106,000. IHT Wealth Management LLC acquired a new position in shares of Credit Suisse High Yield Bond Fund during the fourth quarter valued at $74,000. Boothbay Fund Management LLC acquired a new position in shares of Credit Suisse High Yield Bond Fund during the fourth quarter valued at $77,000. Finally, Equitable Holdings Inc. increased its holdings in shares of Credit Suisse High Yield Bond Fund by 34.6% during the fourth quarter. Equitable Holdings Inc. now owns 73,417 shares of the real estate investment trust's stock valued at $147,000 after purchasing an additional 18,872 shares during the period.
About Credit Suisse High Yield Bond Fund
(
Get Free Report)
The Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) is a closed-end management investment company that seeks to provide investors with high current income by primarily investing in below-investment-grade, U.S. dollar-denominated corporate debt securities. The fund offers exposure to a broad array of high-yield bonds issued by companies across various sectors, including industrials, communications, and financial services. It is structured to trade on the NYSE American exchange, enabling investors to gain intraday access to a diversified high-yield portfolio.
In managing its portfolio, the fund adheres to a disciplined credit research process that evaluates issuers' fundamentals, cash flow profiles, and relative valuations.
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