Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Insider Acquires $120,986.13 in Stock

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) insider Laura A. Defelice acquired 56,801 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were purchased at an average cost of $2.13 per share, with a total value of $120,986.13. Following the completion of the acquisition, the insider now owns 66,653 shares in the company, valued at $141,970.89. This trade represents a 576.54 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Credit Suisse High Yield Bond Fund Price Performance

DHY stock remained flat at $2.13 during mid-day trading on Tuesday. 684,073 shares of the company’s stock were exchanged, compared to its average volume of 372,256. Credit Suisse High Yield Bond Fund, Inc. has a one year low of $1.93 and a one year high of $2.27.

Credit Suisse High Yield Bond Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, January 16th will be issued a dividend of $0.0155 per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 8.73%.

Institutional Investors Weigh In On Credit Suisse High Yield Bond Fund

A number of hedge funds have recently made changes to their positions in the company. Truist Financial Corp bought a new position in shares of Credit Suisse High Yield Bond Fund in the second quarter worth about $25,000. Integrated Advisors Network LLC acquired a new position in Credit Suisse High Yield Bond Fund during the 3rd quarter valued at about $27,000. D.A. Davidson & CO. bought a new position in shares of Credit Suisse High Yield Bond Fund in the 3rd quarter valued at about $39,000. Finally, Park Avenue Securities LLC grew its holdings in Credit Suisse High Yield Bond Fund by 5.3% during the 4th quarter. Park Avenue Securities LLC now owns 486,464 shares of the real estate investment trust’s stock worth $1,041,000 after acquiring an additional 24,667 shares during the period.

Credit Suisse High Yield Bond Fund Company Profile

Credit Suisse High Yield Bond 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 invests in the securities of companies across diversified sectors. The fund primarily invests in below-investment-grade corporate bonds with an average credit quality lower than BBB by Standard & Poor's and an average duration of 5.07 years.