RiverNorth Capital and Income Fund (NYSE:RSF) Stock Price Down 0.2% – Should You Sell?

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) was down 0.2% during trading on Monday . The company traded as low as $15.12 and last traded at $15.14. Approximately 6,540 shares traded hands during trading, a decline of 73% from the average daily volume of 23,919 shares. The stock had previously closed at $15.16.

RiverNorth Capital and Income Fund Trading Up 0.2 %

The stock’s 50 day moving average is $15.19 and its 200 day moving average is $15.28.

RiverNorth Capital and Income Fund Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RSF. Quarry LP grew its position in RiverNorth Capital and Income Fund by 34.3% in the third 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 last quarter. Absolute Investment Advisers LLC acquired a new position in RiverNorth Capital and Income Fund in the fourth quarter worth approximately $189,000. Raymond James Financial Inc. acquired a new position in RiverNorth Capital and Income Fund in the fourth quarter worth approximately $330,000. Landscape Capital Management L.L.C. acquired a new position in RiverNorth Capital and Income Fund in the third quarter worth approximately $369,000. Finally, Shaker Financial Services LLC acquired a new position in RiverNorth Capital and Income Fund in the fourth quarter worth approximately $911,000.

About RiverNorth Capital and Income Fund

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.