Liberty All-Star Equity Fund (NYSE:USA) Reaches New 52-Week High Following Insider Buying Activity

Liberty All-Star Equity Fund (NYSE:USA) reached a new 52-week high on Tuesday after an insider bought additional shares in the company. The stock traded as high as $7.09 and last traded at $7.08, with a volume of 252741 shares changing hands. The stock had previously closed at $7.04.

Specifically, insider Edmund J. Burke purchased 4,000 shares of the stock in a transaction on Tuesday, March 26th. The shares were purchased at an average cost of $7.09 per share, for a total transaction of $28,360.00. Following the purchase, the insider now owns 6,500 shares of the company’s stock, valued at $46,085. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.09% of the company’s stock.

Liberty All-Star Equity Fund Price Performance

The business’s 50-day moving average price is $6.72 and its 200 day moving average price is $6.33.

Liberty All-Star Equity Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Friday, January 19th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 9.55%. The ex-dividend date was Thursday, January 18th. This is an increase from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.15.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its holdings in shares of Liberty All-Star Equity Fund by 93.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,130 shares of the closed-end fund’s stock worth $26,000 after buying an additional 1,996 shares during the period. Principal Securities Inc. bought a new stake in shares of Liberty All-Star Equity Fund during the 4th quarter worth about $27,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in shares of Liberty All-Star Equity Fund by 87.4% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,310 shares of the closed-end fund’s stock worth $34,000 after buying an additional 2,010 shares during the period. Captrust Financial Advisors bought a new stake in shares of Liberty All-Star Equity Fund during the 2nd quarter worth about $42,000. Finally, Retirement Group LLC bought a new stake in shares of Liberty All-Star Equity Fund during the 2nd quarter worth about $53,000. Institutional investors own 9.95% of the company’s stock.

Liberty All-Star Equity Fund Company Profile

Liberty All Star Equity Fund is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc The fund is co-managed by Aristotle Capital Management, LLC, Pzena Investment Management, LLC, Delaware Investments Fund Advisers, Sustainable Growth Advisers, LP, and TCW Investment Management Company.