RiverNorth Capital CEO buys shares worth over $1,600 By Investing.com
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Patrick W. Galley, the Chief Executive Officer of RiverNorth Capital & Income Fund, Inc. (NYSE:RSF), has recently expanded his stake in the company through a stock purchase valued at over $1,600. The transaction, which took place on March 22, 2024, saw Galley acquiring 100 shares at a price of $16.095 each.
This recent purchase by the CEO brings his total holdings in the company to 168,647 shares of common stock. Investors often keep an eye on such transactions as they can indicate an executive’s confidence in the company’s future prospects.
RiverNorth Capital & Income Fund, Inc., known for its investment strategies, has not released any further comments regarding this transaction. Shareholders and potential investors are encouraged to review the company’s ongoing disclosures for a comprehensive understanding of its financial health and strategic direction.
InvestingPro Insights
Recent activities by the CEO of RiverNorth Capital & Income Fund, Inc. (NYSE:RSF) suggest a bolstered confidence in the company’s trajectory. Patrick W. Galley’s acquisition of additional shares is a move that often resonates positively with market watchers. To provide a clearer picture of RSF’s financial landscape, we delve into some key metrics and insights from InvestingPro.
As of the previous close, RSF’s stock price stood at $16.02, which is noteworthy as it is trading near its 52-week high according to an InvestingPro Tip. This could indicate a strong market sentiment or potential overvaluation, depending on broader market conditions and individual investor outlook.
The company’s market capitalization is currently at $61.2 million, reflecting its valuation in the market. This size could appeal to investors looking for smaller-cap opportunities with potential for growth.
Another InvestingPro Tip points out that RiverNorth Capital & Income Fund has maintained dividend payments for 9 consecutive years. The ex-date of the last dividend was on March 14, 2024, which might interest income-focused investors.
However, it is important to note that RSF suffers from weak gross profit margins and the valuation implies a poor free cash flow yield, as highlighted by InvestingPro Tips. These factors could be crucial for investors who prioritize profitability and cash generation in their investment decisions.
To gain further insights and access additional tips, investors can explore InvestingPro, which lists a total of 5 tips for RSF. Remember to use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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© Reuters.
Patrick W. Galley, the Chief Executive Officer of RiverNorth Capital & Income Fund, Inc. (NYSE:RSF), has recently expanded his stake in the company through a stock purchase valued at over $1,600. The transaction, which took place on March 22, 2024, saw Galley acquiring 100 shares at a price of $16.095 each.
This recent purchase by the CEO brings his total holdings in the company to 168,647 shares of common stock. Investors often keep an eye on such transactions as they can indicate an executive’s confidence in the company’s future prospects.
RiverNorth Capital & Income Fund, Inc., known for its investment strategies, has not released any further comments regarding this transaction. Shareholders and potential investors are encouraged to review the company’s ongoing disclosures for a comprehensive understanding of its financial health and strategic direction.
InvestingPro Insights
Recent activities by the CEO of RiverNorth Capital & Income Fund, Inc. (NYSE:RSF) suggest a bolstered confidence in the company’s trajectory. Patrick W. Galley’s acquisition of additional shares is a move that often resonates positively with market watchers. To provide a clearer picture of RSF’s financial landscape, we delve into some key metrics and insights from InvestingPro.
As of the previous close, RSF’s stock price stood at $16.02, which is noteworthy as it is trading near its 52-week high according to an InvestingPro Tip. This could indicate a strong market sentiment or potential overvaluation, depending on broader market conditions and individual investor outlook.
The company’s market capitalization is currently at $61.2 million, reflecting its valuation in the market. This size could appeal to investors looking for smaller-cap opportunities with potential for growth.
Another InvestingPro Tip points out that RiverNorth Capital & Income Fund has maintained dividend payments for 9 consecutive years. The ex-date of the last dividend was on March 14, 2024, which might interest income-focused investors.
However, it is important to note that RSF suffers from weak gross profit margins and the valuation implies a poor free cash flow yield, as highlighted by InvestingPro Tips. These factors could be crucial for investors who prioritize profitability and cash generation in their investment decisions.
To gain further insights and access additional tips, investors can explore InvestingPro, which lists a total of 5 tips for RSF. Remember to use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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