Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Stock: Insider Joshua Bradshaw Acquires 20,000 Shares

Key Points

• Insider purchase: Vice Chairman Joshua Bradshaw bought 20,000 CRF shares at an average of $5.88 each, investing $117,600 and increasing his position by more than 4,100%.
• Stock performance: CRF traded at $5.96, near its 52-week low of $5.82, with its 50-day and 200-day moving averages at $6.31 and $6.87, respectively.
• High dividend yield: The fund declared a monthly dividend of $0.1176 per share, equivalent to approximately $1.41 annually and a 23.7% yield.

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Get Free Report) Vice Chairman Joshua Bradshaw purchased 20,000 shares of the stock in a transaction on Tuesday, October 20th. The shares were purchased at an average cost of $5.88 per share, with a total value of $117,600.00. Following the transaction, the insider owned 20,484 shares of the company's stock, valued at $120,445.92. This trade represents a 4,132.23% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Cornerstone Total Return Fund Stock Performance

NYSEAMERICAN:CRF traded up $0.09 on Wednesday, hitting $5.96. 1,195,262 shares of the stock were exchanged, compared to its average volume of 1,440,984. The stock has a fifty day moving average of $6.31 and a 200-day moving average of $6.87. Cornerstone Total Return Fund, Inc. has a fifty-two week low of $5.82 and a fifty-two week high of $8.16.

Cornerstone Total Return Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a dividend of $0.1176 per share. The ex-dividend date is Tuesday, December 15th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 23.7%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Ascentis Independent Advisors purchased a new position in shares of Cornerstone Total Return Fund in the 1st quarter valued at $33,000. Allworth Financial LP acquired a new position in shares of Cornerstone Total Return Fund during the 2nd quarter valued at $62,000. Two Sigma Securities LLC acquired a new position in shares of Cornerstone Total Return Fund during the 2nd quarter valued at $72,000. Concurrent Investment Advisors LLC purchased a new stake in Cornerstone Total Return Fund during the 2nd quarter worth $81,000. Finally, Money Concepts Capital Corp purchased a new stake in Cornerstone Total Return Fund during the 1st quarter worth $88,000. Hedge funds and other institutional investors own 10.41% of the company's stock.

Cornerstone Total Return Fund Company Profile

Cornerstone Total Return Fund, Inc is a closed-end investment company listed on the NYSE American under the symbol CRF. The fund seeks to provide investors with total return through a combination of current income and long-term capital appreciation.

The fund invests primarily in a portfolio of common stocks and other equity securities. Depending on market conditions and its investment strategy, its holdings may also include preferred stocks, convertible securities and debt instruments.

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