Insider Buying: Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Insider Purchases $119,036.72 in Stock

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) insider Laura A. Defelice bought 40,766 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were bought at an average price of $2.92 per share, with a total value of $119,036.72. Following the completion of the purchase, the insider now owns 47,402 shares in the company, valued at approximately $138,413.84. The trade was a 614.32 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Credit Suisse Asset Management Income Fund Price Performance

Shares of CIK stock opened at $2.94 on Friday. Credit Suisse Asset Management Income Fund, Inc. has a 52-week low of $2.82 and a 52-week high of $3.13.

Credit Suisse Asset Management Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, January 16th will be issued a $0.0225 dividend. This represents a $0.27 annualized dividend and a dividend yield of 9.18%. The ex-dividend date is Thursday, January 16th.

Institutional Investors Weigh In On Credit Suisse Asset Management Income Fund

Several large investors have recently made changes to their positions in CIK. Dynamic Advisor Solutions LLC boosted its stake in shares of Credit Suisse Asset Management Income Fund by 20.2% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 54,489 shares of the company’s stock valued at $157,000 after purchasing an additional 9,150 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Credit Suisse Asset Management Income Fund in the 3rd quarter valued at about $37,000. HighTower Advisors LLC bought a new position in shares of Credit Suisse Asset Management Income Fund in the 3rd quarter valued at about $34,000. Fiera Capital Corp boosted its stake in shares of Credit Suisse Asset Management Income Fund by 555.2% in the 3rd quarter. Fiera Capital Corp now owns 166,450 shares of the company’s stock valued at $514,000 after purchasing an additional 141,044 shares during the last quarter. Finally, Fortis Group Advisors LLC bought a new position in shares of Credit Suisse Asset Management Income Fund in the 3rd quarter valued at about $39,000. Institutional investors own 29.49% of the company’s stock.

Credit Suisse Asset Management Income Fund Company Profile

Credit Suisse Asset Management Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Credit Suisse Asset Management, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in high yield corporate debt such as bonds and debentures that are rated Baa or lower by Moody's or BBB or lower by S&P.