Stock of the Day: Flaherty & Crumrine Preferred Income Fund Inc (NYSE:PFD) Institutional Investor Sentiment Analysis

November 17, 2016 - By Clifton Ray   ·   0 Comments

Stock of the Day: Flaherty & Crumrine Preferred Income Fund Inc (NYSE:PFD) Institutional Investor Sentiment Analysis

Sentiment for Flaherty & Crumrine Preferred Income Fund Inc (NYSE:PFD)

Flaherty & Crumrine Preferred Income Fund Inc (NYSE:PFD) institutional sentiment decreased to 0.88 in 2016 Q2. Its down -1.12, from 2 in 2016Q1. The ratio dropped, as 7 funds opened new and increased stock positions, while 8 sold and reduced stakes in Flaherty & Crumrine Preferred Income Fund Inc. The funds in our partner’s database now have: 356,764 shares, down from 423,586 shares in 2016Q1. Also, the number of funds holding Flaherty & Crumrine Preferred Income Fund Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 5 Increased: 7 New Position: 0.

Flaherty & Crumrine Preferred Income Fund Incorporated is a diversified, closed-end management investment company. The company has a market cap of $154.46 million. The Fund’s investment objective is to provide its common shareholders with high current income consistent with the preservation of capital. It currently has negative earnings. The Fund invests in a portfolio of preferred securities, which includes preferred stocks eligible for the inter-corporate dividends received deduction (DRD) and fully taxable preferred securities.

About 21,102 shares traded hands. Flaherty & Crumrine Pref. Income Fd Inc. (NYSE:PFD) has declined 6.88% since April 15, 2016 and is downtrending. It has underperformed by 11.50% the S&P500.

Noesis Capital Mangement Corp holds 0.1% of its portfolio in Flaherty & Crumrine Pref. Income Fd Inc. for 14,650 shares. Covington Capital Management owns 17,700 shares or 0.03% of their US portfolio. Moreover, D.A. Davidson & Co. has 0.01% invested in the company for 24,700 shares. The New York-based Horizon Kinetics Llc has invested 0.01% in the stock. Lpl Financial Llc, a California-based fund reported 88,327 shares.#img1#

PFD Company Profile

Flaherty & Crumrine Preferred Income Fund Incorporated (the Fund), incorporated on September 28, 1990, is a diversified, closed-end management investment company. The Fund’s investment objective is to provide its common shareholders with current income consistent with the preservation of capital.

More notable recent Flaherty & Crumrine Pref. Income Fd Inc. (NYSE:PFD) news were published by: Seekingalpha.com which released: “Flaherty & Crumrine Dynamic Preferred And Income Fund, Inc. (DFP): A Good Or …” on July 11, 2016, also Seekingalpha.com with their article: “Flaherty & Crumrine/Claymore Preferred Securities Income Fund: A Good Or Bad …” published on July 10, 2016, Seekingalpha.com published: “Preferred Shares From Flaherty & Crumrine: 1 To Buy And 1 To Sell” on December 31, 2015. More interesting news about Flaherty & Crumrine Pref. Income Fd Inc. (NYSE:PFD) were released by: Seekingalpha.com and their article: “Retirement Income: Preferred Stock In Review” published on July 22, 2016 as well as Thestreet.com‘s news article titled: “10 Best Equity-Income Funds for 2012” with publication date: December 02, 2011.

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By Clifton Ray


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