Notable Runner: Lazard Global Total Return & Income Fund Inc (NYSE:LGI) Institutional Investors Sentiment Worsens in 2016 Q2

November 18, 2016 - By Pete Kolinski   ·   0 Comments

Notable Runner: Lazard Global Total Return & Income Fund Inc (NYSE:LGI) Institutional Investors Sentiment  Worsens in  2016 Q2

Sentiment for Lazard Global Total Return & Income Fund Inc (NYSE:LGI)

Lazard Global Total Return & Income Fund Inc (NYSE:LGI) institutional sentiment decreased to 0.83 in Q2 2016. Its down -0.03, from 0.86 in 2016Q1. The ratio fall, as 12 investment professionals opened new and increased positions, while 14 sold and trimmed equity positions in Lazard Global Total Return & Income Fund Inc. The investment professionals in our partner’s database now hold: 2.94 million shares, down from 5.25 million shares in 2016Q1. Also, the number of investment professionals holding Lazard Global Total Return & Income Fund Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 9 Increased: 7 New Position: 5.

Lazard Global Total Return and Income Fund, Inc. is a diversified, closed-end management investment company. The company has a market cap of $130.15 million. The Fund’s investment objective is total return, consisting of capital appreciation and income. It currently has negative earnings. The Fund primarily invests in a portfolio of approximately 35 to 45 equity securities with a market cap of approximately $5 billion or greater, at the time of purchase, that are domiciled in those countries that comprise the Morgan Stanley Capital International World Index.

The stock decreased 0.07% or $0.01 on November 17, hitting $13.48. Lazard Global Total Return & Income Fund (NYSE:LGI) has risen 6.39% since April 18, 2016 and is uptrending. It has outperformed by 1.96% the S&P500.

Bulldog Investors Llc holds 1.66% of its portfolio in Lazard Global Total Return & Income Fund for 493,347 shares. 1607 Capital Partners Llc owns 1.01 million shares or 0.9% of their US portfolio. Moreover, Cornerstone Advisors Inc has 0.26% invested in the company for 79,547 shares. The Texas-based Doliver Capital Advisors Inc. has invested 0.19% in the stock. Karpus Management Inc., a New York-based fund reported 247,885 shares.#img1#

LGI Company Profile

Lazard Global Total Return and Income Fund, Inc. (the Fund), incorporated on January 27, 2004, is a diversified, closed-end management investment company. The Fund’s investment objective is total return, consisting of capital appreciation and income. Lazard Asset Management LLC (the Investment Manager) is the Fund’s investment manager. As of December 31, 2006, 64.2% of the Fund’s total leveraged assets consisted of global equities and 34.4% consisted of emerging markets currency and debt instruments, while the remaining 1.4% consisted of cash and other assets.

More notable recent Lazard Global Total Return & Income Fund (NYSE:LGI) news were published by: Businesswire.com which released: “Lazard Global Total Return and Income Fund Declares Monthly Distribution” on November 15, 2016, also Businesswire.com with their article: “Lazard Global Total Return and Income Fund Announces Stock Repurchase Program” published on November 09, 2016, Nasdaq.com published: “Lazard Global Total Return and Income Fund (LGI) Ex-Dividend Date Scheduled …” on November 07, 2016. More interesting news about Lazard Global Total Return & Income Fund (NYSE:LGI) were released by: Streetinsider.com and their article: “Form SC 13D LAZARD GLOBAL TOTAL RETU Filed by: Bulldog Investors, LLC” published on October 24, 2016 as well as Quotes.Wsj.com‘s news article titled: “Lazard Ltd. LAZ (US: NYSE)” with publication date: February 11, 2011.

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By Pete Kolinski


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