November 16, 2016 - By Pete Kolinski · 0 Comments
LMP Capital & Income Fund Inc (NYSE:SCD) institutional sentiment decreased to 0.74 in Q2 2016. Its down -0.06, from 0.8 in 2016Q1. The ratio dropped, as 17 investment managers started new or increased holdings, while 23 sold and decreased holdings in LMP Capital & Income Fund Inc. The investment managers in our partner’s database reported: 5.37 million shares, down from 5.56 million shares in 2016Q1. Also, the number of investment managers holding LMP Capital & Income Fund Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 7 Reduced: 16 Increased: 14 New Position: 3.
LMP Capital and Income Fund Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $233.84 million. The Fund’s investment objective is total return with an emphasis on income. It currently has negative earnings. The Fund invests in a range of equity and fixed-income securities of both the United States and foreign issuers.
About 11,231 shares traded hands. LMP Capital and Income Fund Inc. (NYSE:SCD) has risen 4.22% since April 14, 2016 and is uptrending. It has underperformed by 0.47% the S&P500.
Cornerstone Advisors Inc holds 0.96% of its portfolio in LMP Capital and Income Fund Inc. for 295,693 shares. Rivernorth Capital Management Llc owns 589,097 shares or 0.5% of their US portfolio. Moreover, Cue Financial Group Inc. has 0.43% invested in the company for 38,323 shares. The Virginia-based Shaker Financial Services Llc has invested 0.42% in the stock. Mariner Investment Group Llc, a New York-based fund reported 91,388 shares.#img1#
LMP Capital and Income Fund Inc. (the Fund), incorporated on November 12, 2003, formerly known as Salomon Brothers Capital and Income Fund Inc., is a non-diversified, closed-end management investment company. The Fundâ€™s investment objective is total return with an emphasis on income. The Fund pursues its investment objective by investing at least 80% of its assets in a range of equity and fixed income securities of both United States and foreign issuers. Legg Mason Partners Fund Advisor, LLC (LMPFA) is the Fundâ€™s investment manager, and ClearBridge Advisors, LLC (ClearBridge), Western Asset Management Company (Western Asset) and Western Asset Management Company Limited (Western Asset Limited) are the Fundâ€™s sub-advisers. LMPFA, ClearBridge, Western Asset and Western Asset Limited are wholly owned subsidiaries of Legg Mason, Inc. (Legg Mason).
More important recent LMP Capital and Income Fund Inc. (NYSE:SCD) news were published by: Businesswire.com which released: “Certain Closed-End Funds Advised by Legg Mason Partners Fund Advisor Adopt …” on November 16, 2015, also Seekingalpha.com published article titled: “Retirement Income: Earn A Safe 9.3% Yield From This 15% Discounted Equity Fund”, Businesswire.com published: “Certain Closed-End Funds Advised by Legg Mason Partners Fund Advisor, LLC …” on July 22, 2015. More interesting news about LMP Capital and Income Fund Inc. (NYSE:SCD) was released by: Businesswire.com and their article: “LMP Real Estate Income Fund Inc. (â€œRITâ€) Announces Monthly Distribution for …” with publication date: May 04, 2016.
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By Pete Kolinski