Thomas Herzfeld Purchases 3,760 Shares of Herzfeld Credit Income Fund (NASDAQ:HERZ) Stock

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Chairman Thomas Herzfeld purchased 3,760 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was acquired at an average cost of $15.32 per share, with a total value of $57,603.20. Following the transaction, the chairman directly owned 189,388 shares of the company’s stock, valued at approximately $2,901,424.16. This represents a 2.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Herzfeld Credit Income Fund Price Performance

HERZ stock traded down $0.26 during trading on Wednesday, hitting $15.72. The company had a trading volume of 3,334 shares, compared to its average volume of 11,844. The company has a fifty day moving average price of $138.84 and a two-hundred day moving average price of $208.27. Herzfeld Credit Income Fund, Inc. has a fifty-two week low of $13.71 and a fifty-two week high of $31.00.

Hedge Funds Weigh In On Herzfeld Credit Income Fund

Institutional investors have recently bought and sold shares of the business. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of Herzfeld Credit Income Fund in the fourth quarter worth about $12,969,000. Choreo LLC bought a new position in Herzfeld Credit Income Fund in the 4th quarter valued at $927,000. Hunting Hill Global Capital LLC acquired a new stake in shares of Herzfeld Credit Income Fund in the 4th quarter valued at $90,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of Herzfeld Credit Income Fund during the fourth quarter worth $87,000. Finally, Corient Private Wealth LLC bought a new stake in shares of Herzfeld Credit Income Fund during the fourth quarter worth $61,000. Institutional investors own 15.74% of the company’s stock.

Herzfeld Credit Income Fund Company Profile

Herzfeld Credit Income Fund (NASDAQ:HERZ) is a closed-end, non-diversified management investment company that trades on the NASDAQ Capital Market. The fund is externally managed by Herzfeld Advisors, Inc, which is responsible for day-to-day portfolio construction, credit research and risk management under the oversight of an independent board of directors.

The fund’s primary objective is to generate current income with an emphasis on preservation of capital. To pursue this goal, Herzfeld Credit Income Fund invests in a diversified portfolio of corporate debt instruments, including senior secured loans, high-yield bonds, mezzanine loans and other fixed-income securities.