Mezzasalma Advisors LLC Buys New Position in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI)

Mezzasalma Advisors LLC purchased a new stake in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 32,049 shares of the company’s stock, valued at approximately $512,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Lazard Global Total Return and Income Fund in the 3rd quarter worth about $260,000. Sanctuary Advisors LLC bought a new position in Lazard Global Total Return and Income Fund in the second quarter worth about $698,000. Benjamin Edwards Inc. purchased a new stake in Lazard Global Total Return and Income Fund in the third quarter worth about $1,469,000. Finally, Stifel Financial Corp boosted its position in Lazard Global Total Return and Income Fund by 9.6% during 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 Trading Down 0.7 %

LGI stock opened at $16.74 on Friday. The business’s 50 day moving average price is $16.39 and its two-hundred day moving average price is $16.82. Lazard Global Total Return and Income Fund, Inc. has a fifty-two week low of $14.84 and a fifty-two week high of $18.23.

Lazard Global Total Return and Income Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 21st. Shareholders of record on Monday, February 10th will be issued a $0.1465 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.76 dividend on an annualized basis and a yield of 10.50%.

About Lazard Global Total Return and Income Fund

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.