Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $6.92, but opened at $6.70. Cornerstone Strategic Value Fund shares last traded at $6.61, with a volume of 659,377 shares trading hands.
Cornerstone Strategic Value Fund Price Performance
The stock's 50 day moving average is $7.79 and its two-hundred day moving average is $7.99.
Cornerstone Strategic Value Fund Dividend Announcement
The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.1224 per share. The ex-dividend date of this dividend is Tuesday, April 15th.
Hedge Funds Weigh In On Cornerstone Strategic Value Fund
Institutional investors have recently added to or reduced their stakes in the company. Townsquare Capital LLC increased its stake in Cornerstone Strategic Value Fund by 12.2% in the fourth quarter. Townsquare Capital LLC now owns 12,086 shares of the investment management company's stock valued at $104,000 after acquiring an additional 1,317 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of Cornerstone Strategic Value Fund by 1.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 90,367 shares of the investment management company's stock valued at $776,000 after acquiring an additional 1,631 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in Cornerstone Strategic Value Fund by 14.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 15,970 shares of the investment management company's stock worth $137,000 after buying an additional 2,000 shares during the last quarter. Grimes & Company Inc. boosted its position in shares of Cornerstone Strategic Value Fund by 4.9% during the first quarter. Grimes & Company Inc. now owns 44,886 shares of the investment management company's stock valued at $334,000 after buying an additional 2,088 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in Cornerstone Strategic Value Fund by 3.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 74,650 shares of the investment management company's stock worth $641,000 after acquiring an additional 2,150 shares during the last quarter.
About Cornerstone Strategic Value Fund
(
Get Free Report)
Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value and growth stocks of companies.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Cornerstone Strategic Value Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cornerstone Strategic Value Fund wasn't on the list.
While Cornerstone Strategic Value Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
