Thomas Herzfeld Purchases 3,760 Shares of Herzfeld Credit Income Fund (NASDAQ:HERZ) Stock

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Chairman Thomas Herzfeld acquired 3,760 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were acquired at an average cost of $15.32 per share, for a total transaction of $57,603.20. Following the purchase, the chairman directly owned 189,388 shares in the company, valued at $2,901,424.16. This trade represents a 2.03% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Herzfeld Credit Income Fund Stock Performance

Shares of Herzfeld Credit Income Fund stock opened at $15.68 on Friday. The business has a 50-day moving average of $129.03 and a two-hundred day moving average of $205.59. Herzfeld Credit Income Fund, Inc. has a 1 year low of $13.71 and a 1 year high of $31.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HERZ. Jane Street Group LLC acquired a new position in Herzfeld Credit Income Fund during the 1st quarter worth approximately $29,000. International Assets Investment Management LLC acquired a new stake in Herzfeld Credit Income Fund in the 4th quarter valued at $44,000. Cetera Investment Advisers bought a new stake in Herzfeld Credit Income Fund during the 4th quarter worth about $55,000. Corient Private Wealth LLC acquired a new position in shares of Herzfeld Credit Income Fund during the 4th quarter worth about $61,000. Finally, Blue Bell Private Wealth Management LLC acquired a new stake in shares of Herzfeld Credit Income Fund in the fourth quarter valued at about $87,000. 15.74% of the stock is owned by institutional investors and hedge funds.

Herzfeld Credit Income Fund Company Profile

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.