RiverNorth Capital and Income Fund (NYSE:RSF – Get Free Report) was upgraded by equities researchers at Zacks Research to a “hold” rating in a research report issued on Monday,Zacks.com reports.
RiverNorth Capital and Income Fund Price Performance
Shares of NYSE RSF opened at $14.60 on Monday. The firm has a fifty day moving average price of $14.60 and a 200-day moving average price of $14.54. RiverNorth Capital and Income Fund has a 1 year low of $14.23 and a 1 year high of $15.07.
Hedge Funds Weigh In On RiverNorth Capital and Income Fund
Several large investors have recently made changes to their positions in the business. Palatine Hill Wealth Management LLC bought a new position in shares of RiverNorth Capital and Income Fund during the fourth quarter worth $9,666,000. Nomura Holdings Inc. bought a new position in shares of RiverNorth Capital and Income Fund during the third quarter valued at approximately $3,680,000. TrueMark Investments LLC bought a new stake in shares of RiverNorth Capital and Income Fund during the 4th quarter worth approximately $689,000. Everstar Asset Management LLC purchased a new position in RiverNorth Capital and Income Fund during the 1st quarter valued at $466,000. Finally, Osaic Holdings Inc. grew its position in RiverNorth Capital and Income Fund by 15.9% in the 4th quarter. Osaic Holdings Inc. now owns 179,232 shares of the company’s stock valued at $2,574,000 after acquiring an additional 24,600 shares during the last quarter.
RiverNorth Capital and Income Fund Company Profile
RiverNorth Capital and Income Fund (NYSE: RSF) is a closed-end investment company managed by RiverNorth Capital Management, LLC. The fund seeks to provide shareholders with a combination of current income and capital appreciation by employing a flexible, unconstrained fixed-income strategy. RSF invests across a broad spectrum of debt and convertible securities, aiming to capitalize on relative value opportunities in both interest-rate and credit markets.
The fund’s portfolio typically includes high-yield corporate bonds, bank loans, convertible securities, preferred stocks and other debt instruments.
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