Ownership Don’t Lie: LMP Capital & Income Fund Inc (NYSE:SCD): Institutional Investor Sentiment Down to 0.74

November 16, 2016 - By Pete Kolinski   ·   0 Comments

Ownership Don't Lie: LMP Capital & Income Fund Inc (NYSE:SCD): Institutional Investor Sentiment Down to 0.74

Sentiment for LMP Capital & Income Fund Inc (NYSE:SCD)

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#

SCD Company Profile

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 Fund’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 Fund’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 Fund’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. (“RIT”) Announces Monthly Distribution for …” with publication date: May 04, 2016.

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By Pete Kolinski

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