Punch & Associates Investment Management Inc. Grows Holdings in Boulder Growth & Income Fund Inc (NYSE:BIF)

Punch & Associates Investment Management Inc. boosted its holdings in Boulder Growth & Income Fund Inc (NYSE:BIF) by 1.8% in the first quarter, HoldingsChannel.com reports. The firm owned 1,002,086 shares of the closed-end fund’s stock after acquiring an additional 17,505 shares during the period. Boulder Growth & Income Fund accounts for approximately 0.9% of Punch & Associates Investment Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Punch & Associates Investment Management Inc.’s holdings in Boulder Growth & Income Fund were worth $10,802,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BIF. Quad Cities Investment Group LLC boosted its holdings in Boulder Growth & Income Fund by 685.1% in the first quarter. Quad Cities Investment Group LLC now owns 3,533 shares of the closed-end fund’s stock worth $38,000 after purchasing an additional 3,083 shares during the period. Parallel Advisors LLC acquired a new position in Boulder Growth & Income Fund in the fourth quarter worth $45,000. AdvisorNet Financial Inc boosted its holdings in Boulder Growth & Income Fund by 395.5% in the fourth quarter. AdvisorNet Financial Inc now owns 5,019 shares of the closed-end fund’s stock worth $52,000 after purchasing an additional 4,006 shares during the period. Sandy Spring Bank acquired a new position in Boulder Growth & Income Fund in the fourth quarter worth $165,000. Finally, Rockefeller Capital Management L.P. acquired a new position in Boulder Growth & Income Fund in the first quarter worth $165,000. 14.23% of the stock is owned by hedge funds and other institutional investors.

In other Boulder Growth & Income Fund news, major shareholder Lola Brown Trust 1B acquired 2,319,048 shares of the firm’s stock in a transaction on Wednesday, April 10th. The stock was purchased at an average price of $10.96 per share, with a total value of $25,416,766.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.16% of the company’s stock.

Boulder Growth & Income Fund stock traded up $0.01 during mid-day trading on Friday, reaching $10.98. The company’s stock had a trading volume of 680 shares, compared to its average volume of 111,229. Boulder Growth & Income Fund Inc has a twelve month low of $9.45 and a twelve month high of $11.36.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 23rd will be issued a $0.102 dividend. This represents a $0.41 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Monday, July 22nd.

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About Boulder Growth & Income Fund

Boulder Growth & Income Fund, Inc is a closed-ended balanced mutual fund launched and managed by Boulder Investment Advisers, LLC It is co-managed by Stewart West Indies Trading Co Ltd. and Rocky Mountain Advisers, Llc. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified industries.

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Institutional Ownership by Quarter for Boulder Growth & Income Fund (NYSE:BIF)

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