Wolverine Asset Management LLC Purchases New Shares in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI)

Wolverine Asset Management LLC acquired a new position in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 48,724 shares of the company’s stock, valued at approximately $779,000.

Several other hedge funds have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Lazard Global Total Return and Income Fund during the 3rd quarter worth about $260,000. Mezzasalma Advisors LLC purchased a new stake in shares of Lazard Global Total Return and Income Fund during the 4th quarter worth about $512,000. Benjamin Edwards Inc. bought a new position in shares of Lazard Global Total Return and Income Fund in the 3rd quarter valued at approximately $1,469,000. Finally, Stifel Financial Corp raised its stake in shares of Lazard Global Total Return and Income Fund by 9.6% in the 3rd quarter. Stifel Financial Corp now owns 83,928 shares of the company’s stock valued at $1,522,000 after acquiring an additional 7,328 shares in the last quarter.

Lazard Global Total Return and Income Fund Stock Down 0.5 %

LGI opened at $16.93 on Friday. The stock’s 50 day moving average price is $16.38 and its two-hundred day moving average price is $16.84. Lazard Global Total Return and Income Fund, Inc. has a 12-month low of $14.84 and a 12-month high of $18.23.

Lazard Global Total Return and Income Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were issued a dividend of $0.1465 per share. This represents a $1.76 annualized dividend and a dividend yield of 10.38%. The ex-dividend date was Monday, February 10th.

Lazard Global Total Return and Income Fund Profile

Lazard Global Total Return and Income Fund, Inc is a closed ended balanced mutual fund launched and managed by Lazard Asset Management LLC. It invests in public equity and fixed income markets across the globe. The fund primarily invests in stocks of companies with market capitalization over $5 billion.