RiverNorth Capital and Income Fund, Inc. (NYSE:RSF – Get Free Report) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 10,569 shares, a decrease of 39.0% from the August 31st total of 17,327 shares. Based on an average daily trading volume, of 9,413 shares, the days-to-cover ratio is currently 1.1 days.
Analyst Ratings Changes
Separately, Zacks Research upgraded RiverNorth Capital and Income Fund to a “hold” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, RiverNorth Capital and Income Fund has an average rating of “Hold”.
Get Our Latest Stock Analysis on RiverNorth Capital and Income Fund
RiverNorth Capital and Income Fund Trading Up 0.1%
RiverNorth Capital and Income Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be given a $0.1371 dividend. This represents a $1.65 annualized dividend and a dividend yield of 11.4%. The ex-dividend date is Tuesday, December 15th. RiverNorth Capital and Income Fund’s payout ratio is presently 109.33%.
Hedge Funds Weigh In On RiverNorth Capital and Income Fund
A number of hedge funds have recently made changes to their positions in RSF. CoreCap Advisors LLC bought a new stake in RiverNorth Capital and Income Fund during the 2nd quarter valued at approximately $95,000. Equitable Holdings Inc. bought a new position in RiverNorth Capital and Income Fund in the 2nd quarter worth approximately $379,000. Everstar Asset Management LLC purchased a new stake in RiverNorth Capital and Income Fund during the 1st quarter valued at approximately $466,000. Finally, Palatine Hill Wealth Management LLC bought a new stake in shares of RiverNorth Capital and Income Fund during the fourth quarter valued at approximately $9,666,000.
RiverNorth Capital and Income Fund Company Profile
RiverNorth Capital and Income Fund (NYSE: RSF) is a closed-end investment fund that seeks to provide a high level of current income and, secondarily, capital appreciation. The fund invests in a diversified portfolio of income-producing securities and credit-related assets.
Its portfolio may include public and private credit investments, senior secured loans, corporate debt, structured credit and other securities with income-generating potential. The fund uses a flexible investment approach that allows it to pursue opportunities across different sectors, issuers and levels of the credit market, while seeking to manage credit and interest-rate risk.
RiverNorth Capital and Income Fund is advised by RiverNorth Capital Management, LLC, an investment management firm specializing in income-oriented and alternative strategies.
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