Saba Capital Management, L.P. Sells 21,357 Shares of Credit Suisse AM Inc Fund Inc. (NYSE:CIK) Stock

Credit Suisse AM Inc Fund Inc. (NYSE:CIK) major shareholder Saba Capital Management, L.P. sold 21,357 shares of Credit Suisse AM Inc Fund stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $3.36, for a total value of $71,759.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Friday, August 4th, Saba Capital Management, L.P. sold 47,052 shares of Credit Suisse AM Inc Fund stock. The stock was sold at an average price of $3.40, for a total value of $159,976.80.
  • On Thursday, August 3rd, Saba Capital Management, L.P. sold 167,110 shares of Credit Suisse AM Inc Fund stock. The stock was sold at an average price of $3.40, for a total value of $568,174.00.
  • On Monday, July 31st, Saba Capital Management, L.P. sold 54,000 shares of Credit Suisse AM Inc Fund stock. The stock was sold at an average price of $3.40, for a total value of $183,600.00.
  • On Friday, July 28th, Saba Capital Management, L.P. sold 96,855 shares of Credit Suisse AM Inc Fund stock. The stock was sold at an average price of $3.40, for a total value of $329,307.00.
  • On Tuesday, July 25th, Saba Capital Management, L.P. sold 35,614 shares of Credit Suisse AM Inc Fund stock. The stock was sold at an average price of $3.43, for a total value of $122,156.02.
  • On Thursday, July 20th, Saba Capital Management, L.P. sold 36,543 shares of Credit Suisse AM Inc Fund stock. The stock was sold at an average price of $3.43, for a total value of $125,342.49.

Shares of Credit Suisse AM Inc Fund Inc. (NYSE:CIK) traded up 0.60% during midday trading on Friday, hitting $3.34. The company had a trading volume of 86,905 shares. The stock’s 50-day moving average price is $3.38 and its 200-day moving average price is $3.33. Credit Suisse AM Inc Fund Inc. has a one year low of $2.91 and a one year high of $3.50.

The business also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Wednesday, August 9th will be paid a dividend of $0.022 per share. The ex-dividend date is Monday, August 7th. This represents a $0.26 dividend on an annualized basis and a yield of 7.90%.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its position in Credit Suisse AM Inc Fund by 50.5% in the second quarter. Wells Fargo & Company MN now owns 82,353 shares of the company’s stock worth $277,000 after buying an additional 27,649 shares during the period. Strategic Advisors LLC increased its position in Credit Suisse AM Inc Fund by 2.0% in the second quarter. Strategic Advisors LLC now owns 87,651 shares of the company’s stock worth $295,000 after buying an additional 1,717 shares during the period. IMS Capital Management increased its position in Credit Suisse AM Inc Fund by 0.8% in the second quarter. IMS Capital Management now owns 103,856 shares of the company’s stock worth $350,000 after buying an additional 807 shares during the period. Sigma Planning Corp increased its position in Credit Suisse AM Inc Fund by 256.2% in the second quarter. Sigma Planning Corp now owns 246,198 shares of the company’s stock worth $830,000 after buying an additional 177,080 shares during the period. Finally, Shaker Financial Services LLC increased its position in Credit Suisse AM Inc Fund by 270.3% in the second quarter. Shaker Financial Services LLC now owns 355,362 shares of the company’s stock worth $1,198,000 after buying an additional 259,398 shares during the period.

About Credit Suisse AM Inc Fund

Credit Suisse Asset Management Income Fund, Inc is a diversified, closed-end management investment fund. The Fund’s investment objective is to provide current income consistent with the preservation of capital. The Fund invests in a range of sectors, which include advertising, auto parts and equipment, brokerage, building and construction, building materials, cable and satellite television, chemicals, consumer/commercial/lease financing, electronics, energy-exploration and production, food-wholesale, forestry and paper, gas distribution, health facilities, insurance brokerage, media-diversified, media content, medical products, metals and mining, oil field equipment and services, packaging, personal and household products, pharmaceuticals, software-services, real estate investment trusts, restaurants, specialty retail, and recreation and travel.

Insider Buying and Selling by Quarter for Credit Suisse AM Inc Fund (NYSE:CIK)

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