Media stories about ClearBridge Energy MLP Fund (NYSE:CEM) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ClearBridge Energy MLP Fund earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news articles about the investment management company an impact score of 45.1134889579608 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of ClearBridge Energy MLP Fund (CEM) traded down 2.7444% during mid-day trading on Thursday, reaching $14.6856. The company’s stock had a trading volume of 142,737 shares. ClearBridge Energy MLP Fund has a 52 week low of $13.89 and a 52 week high of $17.96. The company’s 50-day moving average is $15.34 and its 200-day moving average is $16.27.
In related news, insider John Tognetti acquired 689,000 shares of the firm’s stock in a transaction on Friday, June 23rd. The stock was bought at an average price of $0.16 per share, for a total transaction of $110,240.00. Also, insider Chris Eades acquired 1,600 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was bought at an average price of $15.68 per share, with a total value of $25,088.00. Following the purchase, the insider now directly owns 3,600 shares of the company’s stock, valued at $56,448. The disclosure for this purchase can be found here. Insiders acquired 1,038,100 shares of company stock valued at $192,918 in the last 90 days.
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About ClearBridge Energy MLP Fund
ClearBridge Energy MLP Fund Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return with an emphasis on cash distributions. The Fund seeks to achieve its objective by investing primarily in master limited partnerships (MLPs) in the energy sector.
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