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

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Vice Chairman Joshua Bradshaw acquired 20,000 shares of the stock in a transaction dated 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 completion of the purchase, the insider owned 20,484 shares of the company’s stock, valued at approximately $120,445.92. The trade was a 4,132.23% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Cornerstone Total Return Fund Trading Down 1.3%

Cornerstone Total Return Fund stock opened at $5.88 on Friday. The firm has a 50-day moving average of $6.26 and a 200-day moving average of $6.85. Cornerstone Total Return Fund, Inc. has a 1-year low of $5.82 and a 1-year high of $8.16.

Cornerstone Total Return Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a dividend of $0.1176 per share. This represents a $1.41 dividend on an annualized basis and a yield of 24.0%. The ex-dividend date is Tuesday, December 15th.

Institutional Investors Weigh In On Cornerstone Total Return Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Wedbush Securities Inc. purchased a new position in shares of Cornerstone Total Return Fund during the third quarter valued at approximately $62,000. Firethorn Wealth Partners LLC raised its holdings in shares of Cornerstone Total Return Fund by 5.5% during the third quarter. Firethorn Wealth Partners LLC now owns 37,922 shares of the investment management company’s stock valued at $234,000 after acquiring an additional 1,963 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Cornerstone Total Return Fund by 3.0% during the third quarter. Farther Finance Advisors LLC now owns 81,978 shares of the investment management company’s stock valued at $505,000 after acquiring an additional 2,405 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of Cornerstone Total Return Fund by 149.2% during the third quarter. CoreCap Advisors LLC now owns 35,072 shares of the investment management company’s stock valued at $216,000 after acquiring an additional 21,000 shares in the last quarter. Finally, Mallini Complete Financial Planning LLC lifted its stake in Cornerstone Total Return Fund by 2.3% in the third quarter. Mallini Complete Financial Planning LLC now owns 87,687 shares of the investment management company’s stock worth $540,000 after acquiring an additional 2,011 shares during the period. Hedge funds and other institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Company Profile