Altium Capital Management LLC Invests $1.32 Million in Tri Continental Corporation $TY

Altium Capital Management LLC bought a new stake in Tri Continental Corporation (NYSE:TY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,451 shares of the investment management company’s stock, valued at approximately $1,321,000. Tri Continental accounts for 5.2% of Altium Capital Management LLC’s holdings, making the stock its 7th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in Tri Continental by 529.5% in the second quarter. BNP Paribas Financial Markets now owns 1,259 shares of the investment management company’s stock valued at $40,000 after buying an additional 1,059 shares during the period. Assetmark Inc. acquired a new position in Tri Continental in the fourth quarter valued at $54,000. Jones Financial Companies Lllp lifted its holdings in Tri Continental by 49.7% in the first quarter. Jones Financial Companies Lllp now owns 2,643 shares of the investment management company’s stock valued at $83,000 after buying an additional 877 shares during the period. Ameritas Advisory Services LLC lifted its holdings in Tri Continental by 208.1% in the third quarter. Ameritas Advisory Services LLC now owns 3,787 shares of the investment management company’s stock valued at $129,000 after buying an additional 2,558 shares during the period. Finally, CENTRAL TRUST Co acquired a new position in Tri Continental in the fourth quarter valued at $164,000. Institutional investors and hedge funds own 10.22% of the company’s stock.

Tri Continental Price Performance

Shares of TY opened at $34.58 on Thursday. Tri Continental Corporation has a 52-week low of $30.40 and a 52-week high of $35.05. The business’s 50 day moving average price is $33.03 and its two-hundred day moving average price is $33.27.

Tri Continental Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 17th were paid a $0.2848 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $1.14 annualized dividend and a yield of 3.3%.

Tri Continental Company Profile

Tri-Continental Corporation is a diversified closed-end management investment company that seeks to generate long-term total return through a combination of capital appreciation and income. The firm offers investors access to a broad portfolio of securities through a single, actively managed vehicle listed on the New York Stock Exchange under the ticker TY.

The company’s core strategy centers on investing primarily in equity securities of companies located in North America, Europe and the Pacific Basin.