Davis R M Inc. acquired a new stake in Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 30,196 shares of the investment management company’s stock, valued at approximately $147,000.

Several other hedge funds also recently modified their holdings of FAX. Garner Asset Management Corp acquired a new position in shares of Aberdeen Asia-Pacific Income Fund in the 2nd quarter valued at about $1,135,000. Royal Bank of Canada raised its holdings in Aberdeen Asia-Pacific Income Fund by 7.3% in the 2nd quarter. Royal Bank of Canada now owns 1,946,200 shares of the investment management company’s stock worth $9,731,000 after purchasing an additional 131,952 shares during the period. Stifel Financial Corp raised its holdings in Aberdeen Asia-Pacific Income Fund by 4.8% in the 2nd quarter. Stifel Financial Corp now owns 1,899,645 shares of the investment management company’s stock worth $9,539,000 after purchasing an additional 86,619 shares during the period. Sunbelt Securities Inc. acquired a new position in Aberdeen Asia-Pacific Income Fund in the 3rd quarter worth about $371,000. Finally, Commonwealth Equity Services Inc raised its holdings in Aberdeen Asia-Pacific Income Fund by 9.8% in the 3rd quarter. Commonwealth Equity Services Inc now owns 659,707 shares of the investment management company’s stock worth $3,404,000 after purchasing an additional 58,774 shares during the period.

Aberdeen Asia-Pacific Income Fund, Inc. (FAX) opened at $5.02 on Thursday. The firm has a market capitalization of $1,260.00, a PE ratio of 31.38 and a beta of 0.51. Aberdeen Asia-Pacific Income Fund, Inc. has a fifty-two week low of $4.73 and a fifty-two week high of $5.29.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, January 30th. Investors of record on Monday, January 22nd will be issued a $0.035 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $0.42 dividend on an annualized basis and a yield of 8.37%. Aberdeen Asia-Pacific Income Fund’s payout ratio is 262.50%.

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Aberdeen Asia-Pacific Income Fund Profile

Aberdeen Asia-Pacific Income Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s principal investment objective is to seek current income. The Fund may also achieve incidental capital appreciation. To achieve its investment objectives, the Fund invests approximately 80% of its net assets, plus the amount of any borrowings for investment purposes, in Asian debt securities, Australian debt securities and New Zealand debt securities.

Institutional Ownership by Quarter for Aberdeen Asia-Pacific Income Fund (NYSEAMERICAN:FAX)

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