Hunting Hill Global Capital LLC Takes Position in Herzfeld Credit Income Fund, Inc. $HERZ

Hunting Hill Global Capital LLC bought a new stake in Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) in the 4th quarter, Holdings Channel reports. The institutional investor bought 40,401 shares of the investment management company’s stock, valued at approximately $90,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in Herzfeld Credit Income Fund during the 1st quarter worth approximately $29,000. Choreo LLC acquired a new position in Herzfeld Credit Income Fund during the 4th quarter worth approximately $927,000. International Assets Investment Management LLC acquired a new position in Herzfeld Credit Income Fund during the 4th quarter worth approximately $44,000. Blue Bell Private Wealth Management LLC acquired a new position in Herzfeld Credit Income Fund during the 4th quarter worth approximately $87,000. Finally, Thomas J. Herzfeld Advisors Inc. acquired a new position in Herzfeld Credit Income Fund during the 4th quarter worth approximately $12,969,000. 15.74% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Herzfeld Credit Income Fund news, Chairman Thomas J. Herzfeld bought 3,610 shares of Herzfeld Credit Income Fund stock in a transaction on Wednesday, April 15th. The shares were purchased at an average cost of $16.01 per share, with a total value of $57,796.10. Following the acquisition, the chairman directly owned 197,248 shares of the company’s stock, valued at $3,157,940.48. The trade was a 1.86% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have purchased 4,096 shares of company stock worth $65,528. Insiders own 42.47% of the company’s stock.

Herzfeld Credit Income Fund Trading Down 0.8%

HERZ stock opened at $16.08 on Thursday. The company has a 50 day simple moving average of $17.36 and a 200 day simple moving average of $18.76. Herzfeld Credit Income Fund, Inc. has a 1 year low of $13.71 and a 1 year high of $31.00.

Herzfeld Credit Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Wednesday, September 16th.

About Herzfeld Credit Income Fund

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.