Laurion Capital Management LP decreased its position in shares of Credit Suisse AM Inc Fund Inc. (NYSEAMERICAN:CIK) by 42.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 823,793 shares of the company’s stock after selling 613,225 shares during the quarter. Laurion Capital Management LP owned approximately 1.57% of Credit Suisse AM Inc Fund worth $2,611,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CIK. BlackRock Inc. purchased a new position in shares of Credit Suisse AM Inc Fund during the 2nd quarter valued at $1,946,000. SG Americas Securities LLC purchased a new stake in Credit Suisse AM Inc Fund in the 2nd quarter worth $228,000. Shaker Financial Services LLC lifted its stake in Credit Suisse AM Inc Fund by 40.9% in the 2nd quarter. Shaker Financial Services LLC now owns 180,576 shares of the company’s stock worth $571,000 after purchasing an additional 52,414 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Credit Suisse AM Inc Fund by 29.3% in the 3rd quarter. Wells Fargo & Company MN now owns 183,637 shares of the company’s stock worth $582,000 after purchasing an additional 41,620 shares in the last quarter. Finally, MML Investors Services LLC lifted its stake in Credit Suisse AM Inc Fund by 70.9% in the 3rd quarter. MML Investors Services LLC now owns 84,997 shares of the company’s stock worth $269,000 after purchasing an additional 35,254 shares in the last quarter.
Shares of CIK stock opened at $2.89 on Friday. Credit Suisse AM Inc Fund Inc. has a 52 week low of $2.85 and a 52 week high of $3.34.
The business also recently declared a monthly dividend, which will be paid on Monday, December 17th. Shareholders of record on Tuesday, December 11th will be paid a $0.0225 dividend. This represents a $0.27 annualized dividend and a yield of 9.34%. The ex-dividend date of this dividend is Monday, December 10th.
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Credit Suisse AM Inc Fund 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.
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