Richard Savage Sells 70,000 Shares of Cornerstone Strategic Value Fund Inc. (CLM) Stock

Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) Director Richard Savage sold 70,000 shares of Cornerstone Strategic Value Fund stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $0.81, for a total transaction of $56,700.00.

Shares of Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN CLM) traded up $0.04 during midday trading on Monday, reaching $15.98. 381,400 shares of the company were exchanged, compared to its average volume of 433,908. Cornerstone Strategic Value Fund Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $17.21.

The business also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th will be paid a $0.2365 dividend. This represents a $2.84 annualized dividend and a yield of 17.76%. The ex-dividend date of this dividend is Wednesday, February 14th.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sit Investment Associates Inc. bought a new stake in Cornerstone Strategic Value Fund in the third quarter valued at $69,948,000. ING Groep NV bought a new stake in Cornerstone Strategic Value Fund in the third quarter valued at $6,023,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Cornerstone Strategic Value Fund by 39.5% in the third 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 in the last quarter. Susquehanna International Group LLP bought a new stake in Cornerstone Strategic Value Fund in the third quarter valued at $1,503,000. Finally, Ameriprise Financial Inc. increased its stake in Cornerstone Strategic Value Fund by 6.0% in the second quarter. Ameriprise Financial Inc. now owns 79,431 shares of the investment management company’s stock valued at $1,261,000 after purchasing an additional 4,530 shares in the last quarter.

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Cornerstone Strategic Value Fund Company 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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