RiverNorth Capital and Income Fund (RSF) Projected to Post Quarterly Earnings on Wednesday

RiverNorth Capital and Income Fund (NYSE:RSF) is expected to announce its results before the market opens on Wednesday, February 25th. Analysts expect the company to announce earnings of $1.01 per share and revenue of $5.3790 million for the quarter.

RiverNorth Capital and Income Fund Stock Performance

Shares of RiverNorth Capital and Income Fund stock opened at $14.41 on Tuesday. RiverNorth Capital and Income Fund has a one year low of $14.23 and a one year high of $16.02. The firm has a fifty day moving average of $14.46 and a two-hundred day moving average of $14.60.

RiverNorth Capital and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a dividend of $0.1371 per share. This represents a c) annualized dividend and a yield of 11.4%. The ex-dividend date of this dividend is Monday, March 16th. RiverNorth Capital and Income Fund’s dividend payout ratio is currently 108.67%.

Hedge Funds Weigh In On RiverNorth Capital and Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Equitable Holdings Inc. acquired a new stake in shares of RiverNorth Capital and Income Fund in the 4th quarter valued at approximately $167,000. Osaic Holdings Inc. grew its holdings in RiverNorth Capital and Income Fund by 15.9% during the fourth quarter. Osaic Holdings Inc. now owns 179,232 shares of the company’s stock worth $2,574,000 after acquiring an additional 24,600 shares during the period. Jane Street Group LLC purchased a new position in RiverNorth Capital and Income Fund in the fourth quarter worth $214,000. Advisory Services Network LLC acquired a new stake in RiverNorth Capital and Income Fund in the third quarter valued at $35,000. Finally, Nomura Holdings Inc. acquired a new stake in RiverNorth Capital and Income Fund in the third quarter valued at $3,680,000.

RiverNorth Capital and Income Fund Company Profile

RiverNorth Capital and Income Fund (NYSE: RSF) is a closed-end investment company managed by RiverNorth Capital Management, LLC. The fund seeks to provide shareholders with a combination of current income and capital appreciation by employing a flexible, unconstrained fixed-income strategy. RSF invests across a broad spectrum of debt and convertible securities, aiming to capitalize on relative value opportunities in both interest-rate and credit markets.

The fund’s portfolio typically includes high-yield corporate bonds, bank loans, convertible securities, preferred stocks and other debt instruments.