Insider Buying: Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Insider Purchases 56,801 Shares of Stock

Posted by Caroline Horne on Jan 24th, 2025

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY – Get Free Report) insider Laura A. Defelice acquired 56,801 shares of the stock in a transaction on Tuesday, January 21st. The stock was bought at an average price of $2.13 per share, for a total transaction of $120,986.13. Following the transaction, the insider now 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 filing with the SEC, which is available at this hyperlink.

Credit Suisse High Yield Bond Fund Trading Up 0.5 %

Shares of DHY stock opened at $2.14 on Friday. 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 company also recently disclosed a monthly dividend, which will be paid on Friday, January 24th. Investors of record on Thursday, January 16th will be paid a $0.0155 dividend. This represents a $0.19 annualized dividend and a yield of 8.69%. The ex-dividend date of this dividend is Thursday, January 16th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Truist Financial Corp purchased a new stake in Credit Suisse High Yield Bond Fund in the 2nd quarter valued at $25,000. Integrated Advisors Network LLC purchased a new stake in Credit Suisse High Yield Bond Fund in the 3rd quarter valued at $27,000. D.A. Davidson & CO. purchased a new stake in Credit Suisse High Yield Bond Fund in the 3rd quarter valued at $39,000. Finally, Park Avenue Securities LLC grew its holdings in Credit Suisse High Yield Bond Fund by 5.3% in the 4th quarter. Park Avenue Securities LLC now owns 486,464 shares of the real estate investment trust’s stock valued at $1,041,000 after buying an additional 24,667 shares in the last quarter.

Credit Suisse High Yield Bond Fund Company Profile

(Get Free Report)

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.