James Dondero, Highland Capital Management Buy Some Nexpoint Credit Strategies Fund (NHF) Shares

James Dondero‘s Highland Capital Management has reported buying some shares of Nexpoint Credit Strategies Fund (NYSE:NHF). The fund acquired a total of 2,450 shares raising its stake to 116,249 shares. The securities have been bought in one deal the price amounting to $9.37 per share.

Aside from Highland, James Dondero, in a separate filing, reported buying 139,867 shares of Nexpoint Credit Strategies Fund (NYSE:NHF). The shares have been bought in one transaction at $9.08 apiece, raising Mr. Dondero’s stake to 2.75 million shares owned directly.

Earlier, the fund raised its exposure to Nexpoint Credit Strategies Fund (NYSE:NHF), buying 113,799 shares, at a price of $8.79 per share.

Highland Capital Management

Nexpoint Credit Strategies Fund (NYSE:NHF), is a closed-end fund, managed by NexPoint Advisors, L.P., an affiliated adviser of Highland Capital Management, L.P. The latter, serves financial advisors, institutions and individual investors, with respect to their alternative investment needs. The strategy ranges from, broad-based equity and fixed income investments, to alternative strategies, which includes long/short and alternative credit strategies.

Nexpoint Credit Strategies Fund (NYSE:NHF), has 25% of its investment portfolio in, U.S. Senior Loans, which represents a value of  $146.19 million. Another 28.5% portion of its portfolio is invested in Asset-backed Securities, worth $162.02 million.

Last week, Nexpoint Credit Strategies Fund (NYSE:NHF), declared a dividend of $0.05 per share. The fund has managed to increase, its dividends three times during the last year, which represent a total raise of 43%, on grounds of increased earnings, on portfolio positions and lowered costs, which was boosted due to a decrease in the cost of leverage facility.

Saba Capital, managed by Boaz Weinstein, is another hedge fund, which holds a less significant stake in, Nexpoint Credit Strategies Fund (NYSE:NHF), its position amasses 25,300 shares, worth $194,000.

Highland capital management, specializes in credit investments, but also invests in equities.

In the previous quarter, Highland Capital initiated a position in Affinity Gaming, a casino company, in which it now holds a stake of 8.2% of the stock. The fund has 7.88% of its equity portfolio invested in, Loral Space & Communications Ltd. (NASDAQ:LORL), the holding amassing 1.8 million shares, with a reported value of $121.94 million.

Disclosure: none

Recommended Reading:

Hedge Fund News: Steven Cohen, GLG Partners & Marshall Wace Asset Management

Ameresco Inc (AMRC), Alamo Group, Inc. (ALG) & Others Among Chuck Royce’s Latest Moves

Royce & Associates Discloses Moves Into Applied Industrial Technologies (AIT), Analogic Corporation (ALOG), Ames National Corporation (ATLO), & More

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!