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Kyle Ferguson
Kyle Ferguson
Articles (522)  | Author's Website |

Saba Capital Management Invests in Clough Global Equity Fund

Fund has gained significant momentum since the 4th quarter

January 30, 2017 | About:

Saba Capital Management purchased 83,600 shares of Clough Global Equity Fund (GLQ) for $11.52 per share on Jan. 25, according to a Form 4 filing with the Securities and Exchange Commission. Saba now owns 2,196,384 shares of the company.

Clough Global Equity Fund has a market cap of $203.89 million, an enterprise value of $315.94, and a P/B ratio of 0.91.

The Clough Global Equity Fund is a large blend open-ended fund that seeks to provide investors with long-term capital appreciation. It has three classes A, C and I. Both A and C have $2,500 minimum investment requirements, and I has a $1 million minimum investment requirement.

The fund varies with different 12 b-1 fees. A has a 0.25% fee, C has a 0.75% fee, and I has no 12 b-1 fees.

Class A has a 5.5% upfront sales charge that will be charged when you initially invest into the fund. Neither C nor I has these charges.

The expense ratio differs from the different classes of the fund.

  • Class A has an expense ratio of 1.95%.
  • Class C has an expense ratio of 2.70%.
  • Class I has an expense ratio of 1.70%.

According to GuruFocus, Clough Global Equity Fund has a 4 out of 10 financial strength rating with a cash-debt ratio of 0.01 and an equity-asset ratio of 0.55. The Piotroski F-Score of 5 indicates the company’s financial situation is typical for a stable company.

Clough Global Equity Fund has a 2 out of 10 profitability and growth rating with an operating margin of -118.04%, a net margin of -554.61%, a return on equity (ROE) of -7.87%, three-year revenue growth of -18.60% and a return on assets (ROA) of -3.76%.

GuruFocus has detected two severe warning signs.

  • Clough Global Equity Fund’s has poor financial strength. This usually is caused by a company having too much debt.
  • Clough Global Equity Fund’s revenue per share growth rate has been in long-term decline over the previous five years. The average revenue per share growth rate was -26.30% per year.

Below is a Peter Lynch chart that shows Clough Global Equity is trading above its intrinsic value.

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Disclosure: The author does not own any shares of this company.

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About the author:

Kyle Ferguson
Kyle Ferguson is an investor, author of The Christian Bubble, and he is a world-renowned human and animal rights activist, and the co-founder of The Light Movement. He is outspoken, fearless, and relentless. Kyle lives in Montreal, Quebec, and he is dedicated to making the world a better place with love and light.

Visit Kyle Ferguson's Website


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