RiverNorth Capital and Income Fund (RSF) Expected to Release Quarterly Earnings on Wednesday

RiverNorth Capital and Income Fund (NYSE:RSF) is expected to post its resultson Wednesday, September 2nd. Analysts expect the company to post earnings of $0.87 per share and revenue of $4.5860 million for the quarter.

RiverNorth Capital and Income Fund Stock Performance

Shares of RSF opened at $14.51 on Monday. RiverNorth Capital and Income Fund has a 52 week low of $14.23 and a 52 week high of $15.07. The business’s fifty day moving average price is $14.57 and its two-hundred day moving average price is $14.56.

RiverNorth Capital and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.1371 per share. The ex-dividend date was Wednesday, July 15th. This represents a c) annualized dividend and a yield of 11.3%. RiverNorth Capital and Income Fund’s payout ratio is currently 109.33%.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised RiverNorth Capital and Income Fund to a “hold” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, RiverNorth Capital and Income Fund presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RSF. Equitable Holdings Inc. acquired a new stake in shares of RiverNorth Capital and Income Fund in the 4th quarter valued at about $167,000. Osaic Holdings Inc. lifted its holdings in shares of RiverNorth Capital and Income Fund by 15.9% in the fourth quarter. Osaic Holdings Inc. now owns 179,232 shares of the company’s stock worth $2,574,000 after buying an additional 24,600 shares in the last quarter. Jane Street Group LLC bought a new stake in RiverNorth Capital and Income Fund during the fourth quarter valued at $214,000. Advisory Services Network LLC purchased a new position in RiverNorth Capital and Income Fund in the third quarter worth $35,000. Finally, Nomura Holdings Inc. bought a new position in shares of RiverNorth Capital and Income Fund during the 3rd quarter valued at about $3,680,000.

About RiverNorth Capital and Income Fund

RiverNorth Capital and Income Fund (NYSE: RSF) is a closed-end investment company managed by RiverNorth Capital Management, LLC. The fund seeks to provide shareholders with a combination of current income and capital appreciation by employing a flexible, unconstrained fixed-income strategy. RSF invests across a broad spectrum of debt and convertible securities, aiming to capitalize on relative value opportunities in both interest-rate and credit markets.

The fund’s portfolio typically includes high-yield corporate bonds, bank loans, convertible securities, preferred stocks and other debt instruments.