RMB Capital Management LLC purchased a new stake in LMP Capital and Income Fund Inc. (NYSE:SCD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 57,591 shares of the real estate investment trust’s stock, valued at approximately $615,000.
A number of other institutional investors also recently modified their holdings of SCD. Shaker Financial Services LLC bought a new position in LMP Capital and Income Fund during the 4th quarter valued at about $122,000. M&T Bank Corp increased its position in LMP Capital and Income Fund by 17.4% in the 4th quarter. M&T Bank Corp now owns 13,500 shares of the real estate investment trust’s stock valued at $144,000 after acquiring an additional 2,000 shares in the last quarter. Private Advisor Group LLC acquired a new stake in LMP Capital and Income Fund in the 3rd quarter valued at about $172,000. PFG Advisors acquired a new stake in LMP Capital and Income Fund in the 4th quarter valued at about $420,000. Finally, Oppenheimer & Co. Inc. increased its position in LMP Capital and Income Fund by 20.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 50,040 shares of the real estate investment trust’s stock valued at $534,000 after acquiring an additional 8,600 shares in the last quarter.
In other LMP Capital and Income Fund news, CEO Terrence Murphy sold 3,029 shares of the firm’s stock in a transaction dated Monday, December 31st. The shares were sold at an average price of $10.66, for a total value of $32,289.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 6,610 shares of company stock valued at $71,434 in the last 90 days.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 22nd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 9.45%. The ex-dividend date of this dividend is Thursday, March 21st.
LMP Capital and Income Fund Company Profile
LMP Capital and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Clearbridge Investments, LLC, Western Asset Management Company Limited, and Western Asset Management Company. The fund invests in public equity and fixed income markets across the globe.
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