IMS Capital Management Boosts Stock Position in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK)

IMS Capital Management raised its stake in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 201,321 shares of the company’s stock after purchasing an additional 5,679 shares during the quarter. IMS Capital Management’s holdings in Credit Suisse Asset Management Income Fund were worth $582,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Dynamic Advisor Solutions LLC raised its holdings in Credit Suisse Asset Management Income Fund by 20.2% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 54,489 shares of the company’s stock worth $157,000 after purchasing an additional 9,150 shares in the last quarter. HighTower Advisors LLC acquired a new position in Credit Suisse Asset Management Income Fund during the 3rd quarter worth approximately $34,000. Jane Street Group LLC acquired a new position in Credit Suisse Asset Management Income Fund during the 3rd quarter worth approximately $37,000. Fortis Group Advisors LLC purchased a new position in shares of Credit Suisse Asset Management Income Fund during the 3rd quarter worth approximately $39,000. Finally, Fiera Capital Corp lifted its holdings 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 buying an additional 141,044 shares during the period. Institutional investors and hedge funds own 29.49% of the company’s stock.

Insiders Place Their Bets

In other Credit Suisse Asset Management Income Fund news, insider Laura A. Defelice acquired 40,766 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were purchased at an average cost of $2.92 per share, with a total value of $119,036.72. Following 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 legal filing with the SEC, which is available through the SEC website. 18.63% of the stock is currently owned by company insiders.

Credit Suisse Asset Management Income Fund Stock Up 0.3 %

Shares of CIK stock opened at $2.96 on Friday. Credit Suisse Asset Management Income Fund, Inc. has a 1-year low of $2.82 and a 1-year high of $3.13.

Credit Suisse Asset Management Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th will be issued a $0.0225 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 9.12%.

About Credit Suisse Asset Management Income Fund

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.