November 18, 2016 - By Pete Kolinski · 0 Comments
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#
Lazard Global Total Return and Income Fund, Inc. (the Fund), incorporated on January 27, 2004, is a diversified, closed-end management investment company. The Fundâ€™s investment objective is total return, consisting of capital appreciation and income. Lazard Asset Management LLC (the Investment Manager) is the Fundâ€™s investment manager. As of December 31, 2006, 64.2% of the Fundâ€™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