Somewhat Favorable Press Coverage Somewhat Unlikely to Affect ClearBridge Energy MLP Fund (CEM) Share Price
Media headlines about ClearBridge Energy MLP Fund (NYSE:CEM) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. ClearBridge Energy MLP Fund earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned press coverage about the investment management company an impact score of 47.345185199209 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of ClearBridge Energy MLP Fund (NYSE:CEM) opened at $16.80 on Thursday. ClearBridge Energy MLP Fund has a 1-year low of $12.10 and a 1-year high of $17.96.
In related news, insider Chris Eades acquired 1,830 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was acquired at an average cost of $13.71 per share, for a total transaction of $25,089.30. Following the completion of the acquisition, the insider now directly owns 6,430 shares of the company’s stock, valued at approximately $88,155.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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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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