Credit Suisse AM Inc Fund Inc. (NYSE:CIK) major shareholder Saba Capital Management, L.P. sold 16,186 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $3.34, for a total value of $54,061.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Friday, August 25th, Saba Capital Management, L.P. sold 12,700 shares of Credit Suisse AM Inc Fund stock. The shares were sold at an average price of $3.34, for a total value of $42,418.00.
  • On Wednesday, August 23rd, Saba Capital Management, L.P. sold 140,701 shares of Credit Suisse AM Inc Fund stock. The shares were sold at an average price of $3.34, for a total value of $469,941.34.
  • On Friday, August 18th, Saba Capital Management, L.P. sold 10,502 shares of Credit Suisse AM Inc Fund stock. The shares were sold at an average price of $3.33, for a total value of $34,971.66.
  • On Thursday, August 17th, Saba Capital Management, L.P. sold 64,639 shares of Credit Suisse AM Inc Fund stock. The stock was sold at an average price of $3.35, for a total value of $216,540.65.
  • On Tuesday, August 15th, Saba Capital Management, L.P. sold 48,000 shares of Credit Suisse AM Inc Fund stock. The stock was sold at an average price of $3.34, for a total value of $160,320.00.
  • On Thursday, August 10th, Saba Capital Management, L.P. sold 2,800 shares of Credit Suisse AM Inc Fund stock. The stock was sold at an average price of $3.34, for a total value of $9,352.00.
  • On Wednesday, August 9th, Saba Capital Management, L.P. sold 21,357 shares of Credit Suisse AM Inc Fund stock. The stock was sold at an average price of $3.36, for a total value of $71,759.52.
  • On Friday, August 4th, Saba Capital Management, L.P. sold 47,052 shares of Credit Suisse AM Inc Fund stock. The stock was sold at an average price of $3.40, for a total value of $159,976.80.
  • On Thursday, August 3rd, Saba Capital Management, L.P. sold 167,110 shares of Credit Suisse AM Inc Fund stock. The stock was sold at an average price of $3.40, for a total value of $568,174.00.
  • On Monday, July 31st, Saba Capital Management, L.P. sold 54,000 shares of Credit Suisse AM Inc Fund stock. The stock was sold at an average price of $3.40, for a total value of $183,600.00.

Credit Suisse AM Inc Fund Inc. (NYSE CIK) traded up 0.30% during trading on Wednesday, reaching $3.35. The company had a trading volume of 106,411 shares. Credit Suisse AM Inc Fund Inc. has a 52 week low of $2.91 and a 52 week high of $3.50. The stock has a 50 day moving average price of $3.38 and a 200 day moving average price of $3.34.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 18th. Shareholders of record on Tuesday, September 12th will be paid a $0.022 dividend. The ex-dividend date is Monday, September 11th. This represents a $0.26 dividend on an annualized basis and a yield of 7.90%.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sigma Planning Corp raised its position in Credit Suisse AM Inc Fund by 256.2% in the second quarter. Sigma Planning Corp now owns 246,198 shares of the company’s stock worth $830,000 after buying an additional 177,080 shares in the last quarter. Wedbush Securities Inc. raised its position in Credit Suisse AM Inc Fund by 10.8% in the second quarter. Wedbush Securities Inc. now owns 385,147 shares of the company’s stock worth $1,298,000 after buying an additional 37,695 shares in the last quarter. Shaker Financial Services LLC raised its position in Credit Suisse AM Inc Fund by 270.3% in the second quarter. Shaker Financial Services LLC now owns 355,362 shares of the company’s stock worth $1,198,000 after buying an additional 259,398 shares in the last quarter. IMS Capital Management raised its position in Credit Suisse AM Inc Fund by 0.8% in the second quarter. IMS Capital Management now owns 103,856 shares of the company’s stock worth $350,000 after buying an additional 807 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Credit Suisse AM Inc Fund by 50.5% in the second quarter. Wells Fargo & Company MN now owns 82,353 shares of the company’s stock worth $277,000 after buying an additional 27,649 shares in the last quarter.

About Credit Suisse AM Inc Fund

Credit Suisse Asset Management Income Fund, Inc is a diversified, closed-end management investment fund. The Fund’s investment objective is to provide current income consistent with the preservation of capital. The Fund invests in a range of sectors, which include advertising, auto parts and equipment, brokerage, building and construction, building materials, cable and satellite television, chemicals, consumer/commercial/lease financing, electronics, energy-exploration and production, food-wholesale, forestry and paper, gas distribution, health facilities, insurance brokerage, media-diversified, media content, medical products, metals and mining, oil field equipment and services, packaging, personal and household products, pharmaceuticals, software-services, real estate investment trusts, restaurants, specialty retail, and recreation and travel.

Insider Buying and Selling by Quarter for Credit Suisse AM Inc Fund (NYSE:CIK)

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