Absolute Investment Advisers LLC Invests $189,000 in RiverNorth Capital and Income Fund, Inc. (NYSE:RSF)

Absolute Investment Advisers LLC purchased a new stake in shares of RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 12,224 shares of the company’s stock, valued at approximately $189,000.

A number of other hedge funds have also recently modified their holdings of the company. Landscape Capital Management L.L.C. acquired a new position in RiverNorth Capital and Income Fund in the 3rd quarter valued at about $369,000. Quarry LP raised its position in shares of RiverNorth Capital and Income Fund by 34.3% during the 3rd quarter. Quarry LP now owns 13,442 shares of the company’s stock valued at $207,000 after buying an additional 3,432 shares during the period. Finally, WFA Asset Management Corp lifted its holdings in RiverNorth Capital and Income Fund by 54.5% in the third quarter. WFA Asset Management Corp now owns 3,090 shares of the company’s stock valued at $48,000 after acquiring an additional 1,090 shares during the last quarter.

RiverNorth Capital and Income Fund Trading Up 0.1 %

Shares of RiverNorth Capital and Income Fund stock opened at $15.14 on Monday. RiverNorth Capital and Income Fund, Inc. has a fifty-two week low of $14.90 and a fifty-two week high of $16.90. The stock has a 50 day moving average of $15.26 and a 200 day moving average of $15.27.

RiverNorth Capital and Income Fund Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a dividend of $0.1357 per share. This represents a dividend yield of 10.77%. The ex-dividend date was Wednesday, January 15th. RiverNorth Capital and Income Fund’s payout ratio is 110.67%.

RiverNorth Capital and Income Fund Company Profile

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.