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Cresset Asset Management LLC Grows Stake in RiverNorth Specialty Finance Co. (NYSE:RSF)

Financial News Live ·  Sep 10, 2022 09:41

Cresset Asset Management LLC increased its stake in shares of RiverNorth Specialty Finance Co. (NYSE:RSF – Get Rating) by 279.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 484,684 shares of the company's stock after buying an additional 356,927 shares during the quarter. Cresset Asset Management LLC's holdings in RiverNorth Specialty Finance were worth $9,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Twelve Points Wealth Management LLC purchased a new stake in shares of RiverNorth Specialty Finance during the fourth quarter valued at $1,539,000. Raymond James & Associates lifted its position in RiverNorth Specialty Finance by 13.2% during the first quarter. Raymond James & Associates now owns 42,885 shares of the company's stock valued at $832,000 after purchasing an additional 5,000 shares during the period. Finally, Capital Investment Advisors LLC raised its position in shares of RiverNorth Specialty Finance by 2.9% in the first quarter. Capital Investment Advisors LLC now owns 45,018 shares of the company's stock worth $874,000 after acquiring an additional 1,251 shares during the period.

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RiverNorth Specialty Finance Trading Up 1.2 %

Shares of RiverNorth Specialty Finance stock opened at $17.98 on Friday. RiverNorth Specialty Finance Co. has a fifty-two week low of $16.98 and a fifty-two week high of $20.04. The firm has a 50-day simple moving average of $18.16 and a two-hundred day simple moving average of $18.50.

RiverNorth Specialty Finance Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be paid a $0.1662 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.99 annualized dividend and a dividend yield of 11.09%.

RiverNorth Specialty Finance Profile

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RiverNorth Specialty Finance Corporation's ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

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Want to see what other hedge funds are holding RSF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RiverNorth Specialty Finance Co. (NYSE:RSF – Get Rating).

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