Wolverine Asset Management LLC Invests $253,000 in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK)

Wolverine Asset Management LLC purchased a new stake in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) in the fourth quarter, HoldingsChannel reports. The fund purchased 87,414 shares of the company’s stock, valued at approximately $253,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CIK. HighTower Advisors LLC bought a new stake in Credit Suisse Asset Management Income Fund in the third quarter worth $34,000. Jane Street Group LLC bought a new position in Credit Suisse Asset Management Income Fund during the third quarter valued at $37,000. Dynamic Advisor Solutions LLC lifted its holdings in shares of Credit Suisse Asset Management Income Fund by 20.2% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 54,489 shares of the company’s stock worth $157,000 after acquiring an additional 9,150 shares during the last quarter. Fiera Capital Corp boosted its stake in shares of Credit Suisse Asset Management Income Fund by 555.2% during the 3rd quarter. Fiera Capital Corp now owns 166,450 shares of the company’s stock worth $514,000 after purchasing an additional 141,044 shares during the period. Finally, IMS Capital Management grew its holdings in Credit Suisse Asset Management Income Fund by 2.9% during the 4th quarter. IMS Capital Management now owns 201,321 shares of the company’s stock valued at $582,000 after purchasing an additional 5,679 shares during the last quarter. Hedge funds and other institutional investors own 29.49% of the company’s stock.

Credit Suisse Asset Management Income Fund Stock Down 0.7 %

Credit Suisse Asset Management Income Fund stock opened at $2.94 on Monday. 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 firm 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 annualized dividend and a dividend yield of 9.18%.

Insider Buying and Selling

In related news, insider Laura A. Defelice acquired 40,766 shares of the stock in a transaction on Tuesday, January 21st. The stock was bought at an average cost of $2.92 per share, with a total value of $119,036.72. Following the transaction, the insider now directly owns 47,402 shares in the company, valued at approximately $138,413.84. This represents a 614.32 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 18.63% of the stock is owned by corporate insiders.

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.