Media coverage about ClearBridge Energy MLP Fund (NYSE:CEM) has been trending positive this week, according to Alpha One Sentiment. The research firm, a subsidiary of Accern, rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ClearBridge Energy MLP Fund earned a news sentiment score of 0.29 on Alpha One’s scale. Alpha One also assigned headlines about the investment management company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.
Shares of ClearBridge Energy MLP Fund (NYSE:CEM) traded down 0.12% during trading on Thursday, hitting $16.60. The stock had a trading volume of 200,515 shares. The stock’s 50-day moving average price is $16.72 and its 200 day moving average price is $16.18. ClearBridge Energy MLP Fund has a one year low of $13.76 and a one year high of $17.96.
In related news, insider John Tognetti purchased 1,550,000 shares of the firm’s stock in a transaction dated Friday, February 24th. The shares were acquired at an average cost of $0.12 per share, with a total value of $186,000.00. Insiders have bought 1,911,500 shares of company stock worth $231,610 over the last three months.
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ClearBridge Energy MLP Fund Company Profile
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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