Media stories about Clough Global Equity Fund (NYSE:GLQ) have been trending somewhat positive recently, according to Alpha One Sentiment Analysis. The research firm, a unit of Accern, scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Clough Global Equity Fund earned a news sentiment score of 0.12 on Alpha One’s scale. Alpha One also assigned media stories about the investment management company an impact score of 90 out of 100, indicating that recent media coverage is very likely to have an effect on the company’s share price in the near future.
Clough Global Equity Fund (NYSE:GLQ) traded down 0.16% during midday trading on Tuesday, hitting $12.60. The company had a trading volume of 29,540 shares. Clough Global Equity Fund has a 52 week low of $10.16 and a 52 week high of $13.05. The stock has a 50 day moving average price of $12.75 and a 200 day moving average price of $12.06.
The company also recently declared a monthly dividend, which was paid on Wednesday, May 31st. Investors of record on Friday, May 19th were paid a dividend of $0.0989 per share. This represents a $1.19 annualized dividend and a yield of 9.41%. The ex-dividend date was Wednesday, May 17th.
In other news, major shareholder Saba Capital Management, L.P. purchased 9,069 shares of the company’s stock in a transaction that occurred on Friday, April 7th. The shares were purchased at an average price of $12.50 per share, with a total value of $113,362.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Charles Clough, Jr. purchased 7,414 shares of the company’s stock in a transaction that occurred on Friday, March 31st. The shares were purchased at an average cost of $12.41 per share, for a total transaction of $92,007.74. Following the purchase, the insider now directly owns 152,976 shares in the company, valued at $1,898,432.16. The disclosure for this purchase can be found here. Insiders have purchased a total of 79,347 shares of company stock worth $994,660 in the last ninety days.
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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.
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