Clough Global Equity Fund (GLQ) Earns Daily Coverage Optimism Score of 0.47
Media coverage about Clough Global Equity Fund (NYSE:GLQ) has been trending positive this week, according to Alpha One Sentiment. Alpha One, a unit of Accern, rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Clough Global Equity Fund earned a news sentiment score of 0.47 on Alpha One’s scale. Alpha One also gave news headlines about the investment management company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next few days.
Clough Global Equity Fund (NYSE:GLQ) traded down 0.0200% during mid-day trading on Friday, reaching $12.4875. 15,864 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $12.30 and a 200 day moving average price of $11.47. Clough Global Equity Fund has a 52-week low of $10.16 and a 52-week high of $12.70. The company’s market cap is $220.44 million.
The firm also recently declared a monthly dividend, which will be paid on Friday, April 28th. Shareholders of record on Monday, April 17th will be issued a dividend of $0.0989 per share. This represents a $1.19 annualized dividend and a yield of 9.50%. The ex-dividend date is Wednesday, April 12th.
In other Clough Global Equity Fund news, insider Charles Clough, Jr. purchased 7,414 shares of the business’s stock in a transaction on Friday, March 31st. The stock was acquired at an average price of $12.41 per share, with a total value of $92,007.74. Following the acquisition, the insider now directly owns 152,976 shares of the company’s stock, valued at approximately $1,898,432.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Saba Capital Management, L.P. purchased 50,891 shares of the business’s stock in a transaction on Tuesday, January 24th. The shares were acquired at an average cost of $11.42 per share, with a total value of $581,175.22. The disclosure for this purchase can be found here. Insiders have acquired a total of 476,188 shares of company stock valued at $5,607,083 in the last ninety days.
About Clough Global Equity Fund
Clough Global Equity Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return. It will invest approximately 80% in equity and equity-related securities in the United States and non-United States markets, and the remainder in fixed income securities, including both corporate and sovereign debt, in both the United States and non-United States markets.
Receive News & Ratings for Clough Global Equity Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clough Global Equity Fund and related companies with MarketBeat.com's FREE daily email newsletter.