Insider Buying: Herzfeld Credit Income Fund (NASDAQ:HERZ) Chairman Buys $57,603.20 in Stock

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

Herzfeld Credit Income Fund Trading Up 1.8%

HERZ opened at $15.97 on Friday. The company has a 50 day simple moving average of $123.93 and a two-hundred day simple moving average of $203.95. 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 hedge funds have recently bought and sold shares of HERZ. Thomas J. Herzfeld Advisors Inc. bought a new stake in Herzfeld Credit Income Fund during the fourth quarter valued at about $12,969,000. Corient Private Wealth LLC bought a new position in shares of Herzfeld Credit Income Fund in the fourth quarter worth about $61,000. Cetera Investment Advisers bought a new position in shares of Herzfeld Credit Income Fund in the fourth quarter worth about $55,000. Jane Street Group LLC purchased a new stake in shares of Herzfeld Credit Income Fund during the first quarter worth about $29,000. Finally, Hunting Hill Global Capital LLC purchased a new stake in shares of Herzfeld Credit Income Fund during the fourth quarter worth about $90,000. Institutional investors own 15.74% of the company’s stock.

About Herzfeld Credit Income Fund

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.