Edmund J. Burke Purchases 3,500 Shares of Liberty All-Star Growth Fund, Inc. (NYSE:ASG) Stock

Liberty All-Star Growth Fund, Inc. (NYSE:ASG) insider Edmund J. Burke acquired 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average cost of $5.45 per share, with a total value of $19,075.00. Following the completion of the purchase, the insider now owns 6,300 shares of the company’s stock, valued at $34,335. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Liberty All-Star Growth Fund Stock Up 0.9 %

Shares of Liberty All-Star Growth Fund stock opened at $5.49 on Thursday. Liberty All-Star Growth Fund, Inc. has a 12 month low of $4.47 and a 12 month high of $5.71. The business has a fifty day simple moving average of $5.35 and a 200 day simple moving average of $5.11.

Liberty All-Star Growth Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Friday, January 19th were issued a dividend of $0.11 per share. The ex-dividend date was Thursday, January 18th. This is a positive change from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 8.01%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nomura Holdings Inc. bought a new stake in shares of Liberty All-Star Growth Fund in the fourth quarter valued at about $119,000. PNC Financial Services Group Inc. bought a new stake in shares of Liberty All-Star Growth Fund in the fourth quarter valued at about $268,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Liberty All-Star Growth Fund in the fourth quarter valued at about $76,000. Flow State Investments L.P. lifted its holdings in shares of Liberty All-Star Growth Fund by 788.2% in the fourth quarter. Flow State Investments L.P. now owns 121,308 shares of the investment management company’s stock valued at $641,000 after purchasing an additional 107,651 shares in the last quarter. Finally, Karpus Management Inc. boosted its position in Liberty All-Star Growth Fund by 162.5% during the fourth quarter. Karpus Management Inc. now owns 1,681,642 shares of the investment management company’s stock valued at $8,879,000 after purchasing an additional 1,040,985 shares during the last quarter. 21.62% of the stock is currently owned by institutional investors.

About Liberty All-Star Growth Fund

Liberty All-Star Growth Fund, Inc is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Weatherbie Capital, LLC, Congress Asset Management Company, and Sustainable Growth Advisers, LP. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.