Sit Investment Associates Inc. Sells 925,956 Shares of Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY)

Sit Investment Associates Inc. lowered its position in Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) by 42.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,276,970 shares of the real estate investment trust’s stock after selling 925,956 shares during the period. Sit Investment Associates Inc.’s holdings in Credit Suisse High Yield Bond Fund were worth $2,733,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. LPL Financial LLC increased its stake in Credit Suisse High Yield Bond Fund by 10.0% during the 4th quarter. LPL Financial LLC now owns 811,454 shares of the real estate investment trust’s stock worth $1,737,000 after purchasing an additional 73,600 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of Credit Suisse High Yield Bond Fund by 6.0% in the fourth quarter. Harbour Investments Inc. now owns 98,532 shares of the real estate investment trust’s stock valued at $211,000 after buying an additional 5,552 shares during the period. Commonwealth Equity Services LLC increased its position in shares of Credit Suisse High Yield Bond Fund by 7.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 96,527 shares of the real estate investment trust’s stock worth $207,000 after acquiring an additional 6,476 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in shares of Credit Suisse High Yield Bond Fund during the fourth quarter worth $50,000. Finally, Raymond James Financial Inc. bought a new stake in Credit Suisse High Yield Bond Fund in the 4th quarter valued at $26,000.

Insider Activity at Credit Suisse High Yield Bond Fund

In other Credit Suisse High Yield Bond Fund news, insider Laura A. Defelice acquired 56,801 shares of Credit Suisse High Yield Bond Fund stock in a transaction dated Tuesday, January 21st. The stock was bought at an average cost of $2.13 per share, for a total transaction of $120,986.13. Following the purchase, the insider now directly owns 66,653 shares in the company, valued at approximately $141,970.89. This represents a 576.54 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 14.35% of the stock is owned by insiders.

Credit Suisse High Yield Bond Fund Price Performance

Shares of NYSEAMERICAN DHY opened at $1.97 on Monday. The business has a fifty day moving average of $2.13. Credit Suisse High Yield Bond Fund, Inc. has a 1-year low of $1.92 and a 1-year high of $2.27.

Credit Suisse High Yield Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 15th will be issued a dividend of $0.0155 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 9.44%.

Credit Suisse High Yield Bond Fund 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.