Ownership Action to Note: Institutional Investor Sentiment About New Ireland Fund Inc (NYSE:IRL) Improved

November 17, 2016 - By Clifton Ray   ·   0 Comments

Ownership Action to Note: Institutional Investor Sentiment About New Ireland Fund Inc (NYSE:IRL)  Improved

Sentiment for New Ireland Fund Inc (NYSE:IRL)

New Ireland Fund Inc (NYSE:IRL) institutional sentiment decreased to 0.83 in 2016 Q2. Its down -5.17, from 6 in 2016Q1. The ratio is negative, as 10 investment managers increased or opened new holdings, while 12 decreased and sold their stakes in New Ireland Fund Inc. The investment managers in our partner’s database now have: 1.79 million shares, down from 3.66 million shares in 2016Q1. Also, the number of investment managers holding New Ireland Fund Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 6 Increased: 9 New Position: 1.

The New Ireland Fund, Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $63.15 million. The Fund’s investment objective is long-term capital appreciation through investment primarily in equity securities of Irish companies. It currently has negative earnings. The Fund is designed for United States and other investors who wish to participate in the Irish securities markets.

The stock decreased 1.49% or $0.18 on November 16, hitting $11.89. The New Ireland Fund, Inc. (NYSE:IRL) has declined 8.89% since April 15, 2016 and is downtrending. It has underperformed by 13.51% the S&P500.

Karpus Management Inc. holds 0.56% of its portfolio in The New Ireland Fund, Inc. for 914,046 shares. 1607 Capital Partners Llc owns 461,441 shares or 0.37% of their US portfolio. Moreover, Gramercy Funds Management Llc has 0.37% invested in the company for 74,369 shares. The California-based Meridian Investment Counsel Inc. has invested 0.24% in the stock. Cornerstone Advisors Inc, a Alabama-based fund reported 22,562 shares.#img1#

IRL Company Profile

The New Ireland Fund, Inc. (the Fund), incorporated on December 14, 1989, is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation through investment primarily in equity securities of Irish companies. The Fund is designed for United States and other investors who wish to participate in the Irish securities markets.

More recent The New Ireland Fund, Inc. (NYSE:IRL) news were published by: Marketwired.com which released: “The New Ireland Fund, Inc. Announces Potential Tender Offer” on June 28, 2016. Also Marketwired.com published the news titled: “The New Ireland Fund, Inc. Update to Quarterly Distribution” on June 03, 2016. Wsj.com‘s news article titled: “Grifters-in-Chief” with publication date: October 27, 2016 was also an interesting one.

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By Clifton Ray


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