Landscape Capital Management L.L.C. reduced its stake in shares of RiverNorth Capital and Income Fund, Inc. (NYSE:RSF – Free Report) by 24.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,892 shares of the company’s stock after selling 4,067 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in RiverNorth Capital and Income Fund were worth $196,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Tabor Asset Management LP acquired a new position in RiverNorth Capital and Income Fund during the 1st quarter valued at $198,000. Nomura Holdings Inc. acquired a new position in RiverNorth Capital and Income Fund during the 4th quarter valued at $3,088,000. Finally, Raymond James Financial Inc. acquired a new position in RiverNorth Capital and Income Fund during the 4th quarter valued at $330,000.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut shares of RiverNorth Capital and Income Fund from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd.
RiverNorth Capital and Income Fund Stock Performance
Shares of RSF stock opened at $14.83 on Tuesday. RiverNorth Capital and Income Fund, Inc. has a 52-week low of $14.37 and a 52-week high of $16.02. The firm has a fifty day moving average of $14.65 and a 200-day moving average of $14.92.
RiverNorth Capital and Income Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.1357 dividend. The ex-dividend date was Friday, August 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. RiverNorth Capital and Income Fund’s dividend payout ratio is currently 109.33%.
RiverNorth Capital and Income Fund 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.
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