Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) Shares Sold by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC reduced its stake in shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) by 16.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 10,000 shares of the company’s stock after selling 2,000 shares during the period. Eagle Rock Investment Company LLC’s holdings in Lazard Global Total Return and Income Fund were worth $154,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Lazard Global Total Return and Income Fund during the 4th quarter worth about $5,393,000. Wolverine Asset Management LLC purchased a new stake in shares of Lazard Global Total Return and Income Fund during the 4th quarter worth about $779,000. Wells Fargo & Company MN boosted its stake in shares of Lazard Global Total Return and Income Fund by 1.9% during the 4th quarter. Wells Fargo & Company MN now owns 80,563 shares of the company’s stock worth $1,287,000 after acquiring an additional 1,496 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Lazard Global Total Return and Income Fund by 2.2% during the 4th quarter. Stifel Financial Corp now owns 85,751 shares of the company’s stock worth $1,370,000 after acquiring an additional 1,823 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Lazard Global Total Return and Income Fund during the 4th quarter worth about $32,000.

Lazard Global Total Return and Income Fund Price Performance

LGI stock opened at $16.37 on Friday. The company’s 50-day simple moving average is $15.30 and its 200-day simple moving average is $15.96. Lazard Global Total Return and Income Fund, Inc. has a 52-week low of $13.35 and a 52-week high of $18.23.

Lazard Global Total Return and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.1465 per share. This represents a $1.76 annualized dividend and a dividend yield of 10.74%. The ex-dividend date is Tuesday, June 10th.

Lazard Global Total Return and Income Fund Company 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.