Saba Capital Management, an alternative investment firm focused on credit and equity relative value, has been loading up on shares of the Clough Global Opportunities Fund (GLO, Financial). Between March 15 and April 3, it has purchased 237,735 shares of Clough Global in nine transactions according to SEC filings. The price per share ranged from $10.04 to $10.25.
Clough Global is a diversified, closed-end investment management company. The fund's investment objective is to provide a high level of total return.To achieve this objective, it applies a fundamental research-driven investment process to identify equity and equity-related securities and fixed-income securities, including both corporate and sovereign debt. Its investment portfolio includes common stocks, participation notes, preferred stocks, corporate bonds, asset and mortgage-backed securities and government and agency obligations.
The company has a market cap of $529.15 million, an enterprise value of $815.13 million, a price-book (P/B) ratio of 0.93 and a price-sales (P/S) ratio of 45.03.
According to GuruFocus, the company has a 4 of 10 financial strength rating with a cash-debt ratio of 0.02 and an equity-asset ratio of 0.55.
The company has a 2 of 10 profitability and growth rating. It has an operating margin of -67.83%, a net margin of -306.11%, a return on assets (ROA) of 2.85% and a three-year revenue growth rate of -9.20%.
Clough Global has gained an estimated 15.41% in market price since the beginning of 2017. Its dividend yield of 10.61% ranks higher than 92% of the 1,488 companies in the Global Asset Management Industry.
Accoding to the Peter Lynch chart below, the stock is trading above its intrinsic value.
Disclosure: Author does not own any shares of this company.
Start a free 7-day trial of Premium Membership to GuruFocus.
