Laura A. Defelice Buys 56,801 Shares of Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Stock

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) insider Laura A. Defelice bought 56,801 shares of the stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average cost of $2.13 per share, for a total transaction of $120,986.13. Following the completion of the acquisition, the insider now directly owns 66,653 shares of the company’s stock, valued at approximately $141,970.89. This trade represents a 576.54 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Credit Suisse High Yield Bond Fund Price Performance

Shares of NYSEAMERICAN:DHY opened at $2.13 on Thursday. Credit Suisse High Yield Bond Fund, Inc. has a 1 year low of $1.93 and a 1 year high of $2.27.

Credit Suisse High Yield Bond Fund Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Park Avenue Securities LLC lifted its stake in 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 last quarter. D.A. Davidson & CO. acquired a new position in shares of Credit Suisse High Yield Bond Fund during the 3rd quarter worth $39,000. Truist Financial Corp bought a new stake in shares of Credit Suisse High Yield Bond Fund during the 2nd quarter worth $25,000. Finally, Integrated Advisors Network LLC acquired a new stake in Credit Suisse High Yield Bond Fund in the third quarter valued at about $27,000.

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.