Charles Gerber, Insider at CREDIT SUISSE HIGH YIELD CREDIT FUND (DHY), bought 16,000 shares at $1.88 ($30K) on 2026-04-16, disclosed to the SEC on 2026-04-17.
Charles Gerber purchased 16,000 shares at $1.88, representing the largest insider purchase in the fund's history. This accumulation occurs while the fund trades near its 52-week low, potentially signaling a contrarian bet on high-yield credit.
The fund is currently priced at $1.85, sitting just 1.65% above its 52-week low of $1.82 and down 8.42% over the last 90 days.
The transaction is flagged as the 'largest ever' insider purchase, a rare signal of conviction. Additionally, the industry buy ratio over the last 90 days stands at 4.34%, suggesting broader institutional support.
The fund offers a high dividend yield of 10.51%, which carries the risk of distribution cuts if credit conditions deteriorate. Furthermore, the stock has declined 8.42% over the last 90 days, reflecting recent selling pressure.
Nothing distinguishes this filing.
| Filing → |