Credit Suisse AM Inc Fund Inc. (CIK) Shares Bought by Saba Capital Management L.P.

Saba Capital Management L.P. grew its stake in Credit Suisse AM Inc Fund Inc. (NYSEAMERICAN:CIK) by 4.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,122,201 shares of the company’s stock after acquiring an additional 227,062 shares during the period. Credit Suisse AM Inc Fund accounts for 0.9% of Saba Capital Management L.P.’s holdings, making the stock its 15th biggest holding. Saba Capital Management L.P. owned about 0.10% of Credit Suisse AM Inc Fund worth $16,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. LPL Financial LLC grew its stake in Credit Suisse AM Inc Fund by 40.8% in the 1st quarter. LPL Financial LLC now owns 365,315 shares of the company’s stock worth $1,165,000 after acquiring an additional 105,832 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new position in Credit Suisse AM Inc Fund in the 4th quarter worth about $155,000. Wolverine Asset Management LLC bought a new position in shares of Credit Suisse AM Inc Fund during the fourth quarter valued at approximately $264,000. MML Investors Services LLC boosted its stake in shares of Credit Suisse AM Inc Fund by 118.5% during the fourth quarter. MML Investors Services LLC now owns 39,340 shares of the company’s stock valued at $130,000 after purchasing an additional 21,338 shares in the last quarter. Finally, Landscape Capital Management L.L.C. boosted its stake in shares of Credit Suisse AM Inc Fund by 91.1% during the fourth quarter. Landscape Capital Management L.L.C. now owns 399,237 shares of the company’s stock valued at $1,321,000 after purchasing an additional 190,322 shares in the last quarter.

NYSEAMERICAN CIK opened at $3.16 on Thursday. Credit Suisse AM Inc Fund Inc. has a 52-week low of $3.13 and a 52-week high of $3.50.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 15th. Stockholders of record on Monday, June 11th will be paid a dividend of $0.022 per share. The ex-dividend date is Friday, June 8th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 8.35%.

In other Credit Suisse AM Inc Fund news, insider Americas Holding Corp. Csam acquired 18,900 shares of the company’s stock in a transaction dated Wednesday, March 21st. The shares were purchased at an average cost of $3.21 per share, for a total transaction of $60,669.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have bought 209,332 shares of company stock worth $675,257.

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.

Want to see what other hedge funds are holding CIK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Credit Suisse AM Inc Fund Inc. (NYSEAMERICAN:CIK).

Institutional Ownership by Quarter for Credit Suisse AM Inc Fund (NYSEAMERICAN:CIK)

Receive News & Ratings for Credit Suisse AM Inc Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credit Suisse AM Inc Fund and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply