NINE MASTS CAPITAL Ltd lessened its stake in Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 205,500 shares of the investment management company’s stock after selling 1,000 shares during the period. NINE MASTS CAPITAL Ltd’s holdings in Cornerstone Total Return Fund were worth $2,852,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC bought a new stake in shares of Cornerstone Total Return Fund in the third quarter valued at about $286,000. Mariner Investment Group LLC bought a new stake in shares of Cornerstone Total Return Fund in the third quarter valued at about $651,000. Ford Financial Group Inc. lifted its stake in shares of Cornerstone Total Return Fund by 49.3% in the third quarter. Ford Financial Group Inc. now owns 100,928 shares of the investment management company’s stock valued at $1,404,000 after buying an additional 33,328 shares during the period. Credit Suisse AG lifted its stake in shares of Cornerstone Total Return Fund by 9.2% in the third quarter. Credit Suisse AG now owns 134,052 shares of the investment management company’s stock valued at $1,861,000 after buying an additional 11,252 shares during the period. Finally, Laurion Capital Management LP bought a new stake in shares of Cornerstone Total Return Fund in the third quarter valued at about $4,581,000.

CRF traded down $0.48 during midday trading on Thursday, reaching $11.83. 2,078 shares of the company’s stock were exchanged, compared to its average volume of 336,053. Cornerstone Total Return Fund Inc has a one year low of $11.11 and a one year high of $16.22.

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Friday, February 15th will be paid a dividend of $0.1985 per share. This represents a $2.38 dividend on an annualized basis and a yield of 20.14%. The ex-dividend date of this dividend is Thursday, February 14th.

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Cornerstone Total Return Fund Company Profile

Cornerstone Total Return Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value and growth stocks of companies across all market capitalizations.

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Institutional Ownership by Quarter for Cornerstone Total Return Fund (NYSEAMERICAN:CRF)

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