RiverNorth Capital and Income Fund (NYSE:RSF) Trading Down 0.2% – What’s Next?

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF)’s share price fell 0.2% on Monday . The stock traded as low as $15.12 and last traded at $15.14. 6,540 shares were traded during mid-day trading, a decline of 73% from the average session volume of 23,919 shares. The stock had previously closed at $15.16.

RiverNorth Capital and Income Fund Price Performance

The company’s 50 day simple moving average is $15.20 and its two-hundred day simple moving average is $15.28.

RiverNorth Capital and Income Fund Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were given a $0.1357 dividend. This represents a yield of 10.77%. The ex-dividend date was Wednesday, January 15th. RiverNorth Capital and Income Fund’s dividend payout ratio is 110.67%.

Institutional Trading of RiverNorth Capital and Income Fund

Several large investors have recently added to or reduced their stakes in RSF. Landscape Capital Management L.L.C. bought a new stake in RiverNorth Capital and Income Fund in the third quarter worth approximately $369,000. Quarry LP boosted its holdings in shares of RiverNorth Capital and Income Fund by 34.3% during the 3rd quarter. Quarry LP now owns 13,442 shares of the company’s stock worth $207,000 after buying an additional 3,432 shares during the period. Absolute Investment Advisers LLC bought a new stake in shares of RiverNorth Capital and Income Fund during the 4th quarter worth $189,000. Raymond James Financial Inc. bought a new stake in shares of RiverNorth Capital and Income Fund during the 4th quarter worth $330,000. Finally, Shaker Financial Services LLC bought a new stake in shares of RiverNorth Capital and Income Fund during the 4th quarter worth $911,000.

RiverNorth Capital and Income Fund Company 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.