RiverNorth Capital and Income Fund (NYSE:RSF) Stock Falls 0.2% – Time to Sell?

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF – Get Free Report) fell 0.2% on Friday. The stock traded as low as $14.11 and last traded at $14.1280. Approximately 6,570 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 11,283 shares. The stock had previously closed at $14.16.

Analyst Ratings Changes

Separately, Zacks Research raised shares of RiverNorth Capital and Income Fund to a “hold” rating in a research note on Monday, June 29th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, RiverNorth Capital and Income Fund has an average rating of “Hold”.

Read Our Latest Stock Report on RiverNorth Capital and Income Fund

RiverNorth Capital and Income Fund Stock Performance

The firm has a 50 day simple moving average of $14.36 and a 200 day simple moving average of $14.51.

RiverNorth Capital and Income 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 $0.1371 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.65 dividend on an annualized basis and a yield of 11.6%. RiverNorth Capital and Income Fund’s payout ratio is currently 109.33%.

Hedge Funds Weigh In On RiverNorth Capital and Income Fund

A hedge fund recently bought a new stake in RiverNorth Capital and Income Fund stock. Equitable Holdings Inc. acquired a new position in RiverNorth Capital and Income Fund, Inc. (NYSE:RSF – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 25,926 shares of the company’s stock, valued at approximately $379,000.

RiverNorth Capital and Income Fund Company Profile

(Get Free Report)

RiverNorth Capital and Income Fund (NYSE:RSF) is a non-diversified closed-end management investment company. The fund seeks to provide a high level of current income, with total return as a secondary objective, through an actively managed portfolio of income-producing investments.

Its portfolio may include closed-end funds, business development companies, specialty finance companies, loans, corporate debt and other credit-related securities. The fund uses a flexible, multi-strategy approach intended to identify opportunities across public and private credit markets while managing exposure to changing market conditions.

RiverNorth Capital and Income Fund is advised by RiverNorth Capital Management, LLC, an investment adviser specializing in asset allocation and closed-end fund strategies.

Further Reading

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