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

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) insider Laura A. Defelice bought 56,801 shares of Credit Suisse High Yield Bond Fund stock in a transaction on Tuesday, January 21st. The stock was acquired at an average price of $2.13 per share, for a total transaction of $120,986.13. Following the purchase, the insider now owns 66,653 shares of the company’s stock, valued at approximately $141,970.89. This trade represents a 576.54 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Credit Suisse High Yield Bond Fund Stock Performance

Shares of Credit Suisse High Yield Bond Fund stock opened at $2.14 on Friday. Credit Suisse High Yield Bond Fund, Inc. has a 12 month low of $1.93 and a 12 month high of $2.27.

Credit Suisse High Yield Bond Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, January 16th will be paid a $0.0155 dividend. The ex-dividend date is Thursday, January 16th. This represents a $0.19 annualized dividend and a yield of 8.69%.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Advisors Network LLC acquired a new stake in shares of Credit Suisse High Yield Bond Fund during the third quarter worth about $27,000. Truist Financial Corp acquired a new stake in shares of Credit Suisse High Yield Bond Fund during the second quarter worth about $25,000. D.A. Davidson & CO. acquired a new stake in shares of Credit Suisse High Yield Bond Fund during the third quarter worth about $39,000. Finally, Park Avenue Securities LLC lifted its holdings in shares of Credit Suisse High Yield Bond Fund by 5.3% during the fourth quarter. Park Avenue Securities LLC now owns 486,464 shares of the real estate investment trust’s stock worth $1,041,000 after purchasing 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.