Cornerstone Total Return Fund, Inc. $CRF Shares Acquired by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC raised its stake in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 12.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 457,215 shares of the investment management company’s stock after buying an additional 51,075 shares during the period. Perennial Investment Advisors LLC’s holdings in Cornerstone Total Return Fund were worth $3,543,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. Red Tortoise LLC acquired a new position in shares of Cornerstone Total Return Fund in the second quarter worth about $25,000. Allworth Financial LP purchased a new position in Cornerstone Total Return Fund during the 2nd quarter worth approximately $67,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Cornerstone Total Return Fund during the 2nd quarter valued at $88,000. Brookwood Investment Group LLC acquired a new stake in shares of Cornerstone Total Return Fund in the first quarter worth $90,000. Finally, Moors & Cabot Inc. purchased a new position in shares of Cornerstone Total Return Fund during the second quarter valued at $106,000. 10.41% of the stock is currently owned by institutional investors and hedge funds.

Cornerstone Total Return Fund Stock Down 0.3%

NYSEAMERICAN:CRF opened at $7.79 on Tuesday. Cornerstone Total Return Fund, Inc. has a fifty-two week low of $5.81 and a fifty-two week high of $9.75. The stock’s 50-day moving average is $8.01 and its two-hundred day moving average is $7.74.

Cornerstone Total Return Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.1176 per share. This represents a c) annualized dividend and a dividend yield of 18.1%. The ex-dividend date is Monday, March 16th.

Insider Buying and Selling at Cornerstone Total Return Fund

In other news, Director Matthew Morris sold 35,000 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $7.90, for a total value of $276,500.00. Following the transaction, the director directly owned 11,468 shares of the company’s stock, valued at approximately $90,597.20. This represents a 75.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 53,273 shares of company stock valued at $420,309 over the last 90 days. Corporate insiders own 14.50% of the company’s stock.

Cornerstone Total Return Fund Company Profile

Cornerstone Total Return Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value and growth stocks of companies across all market capitalizations.