NINE MASTS CAPITAL Ltd bought a new stake in shares of Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 24,400 shares of the investment management company’s stock, valued at approximately $377,000. NINE MASTS CAPITAL Ltd owned 0.06% of Cornerstone Strategic Value Fund as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Ameriprise Financial Inc. raised its position in shares of Cornerstone Strategic Value Fund by 6.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 79,431 shares of the investment management company’s stock valued at $1,261,000 after buying an additional 4,530 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Cornerstone Strategic Value Fund during the 3rd quarter valued at approximately $273,000. Ford Financial Group Inc. acquired a new stake in Cornerstone Strategic Value Fund in the 4th quarter valued at approximately $429,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in Cornerstone Strategic Value Fund by 39.5% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 116,571 shares of the investment management company’s stock valued at $1,727,000 after purchasing an additional 32,997 shares during the last quarter. Finally, Mariner Investment Group LLC acquired a new stake in Cornerstone Strategic Value Fund in the 3rd quarter valued at approximately $844,000.
In related news, Director Richard Savage sold 70,000 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $0.81, for a total transaction of $56,700.00.
Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN CLM) traded down $0.06 during trading hours on Thursday, hitting $15.60. 153,842 shares of the company’s stock traded hands, compared to its average volume of 458,689. Cornerstone Strategic Value Fund Inc. has a fifty-two week low of $13.10 and a fifty-two week high of $17.21.
The company also recently announced a monthly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be paid a dividend of $0.2365 per share. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 18.19%.
Cornerstone Strategic Value Fund Profile
Cornerstone Strategic Value Fund, Inc is a closed-end, diversified management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investment in equity securities of the United States and non-United States companies. The Fund invests in various sectors, such as closed-end funds, information technology, financials, healthcare, industrials, consumer staples, energy, consumer discretionary, materials, telecommunication services, exchange-traded funds (ETFs), utilities and real estate.
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