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Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Cornerstone Total Return Fund's shares outstanding for the quarter that ended in Dec. 2023 was 109.8 Mil.
Cornerstone Total Return Fund's quarterly shares outstanding increased from Jun. 2023 (106.0 Mil) to Dec. 2023 (109.8 Mil). It means Cornerstone Total Return Fund issued new shares from Jun. 2023 to Dec. 2023 .
Cornerstone Total Return Fund's annual shares outstanding increased from Dec. 2022 (102.3 Mil) to Dec. 2023 (109.8 Mil). It means Cornerstone Total Return Fund issued new shares from Dec. 2022 to Dec. 2023 .
The historical data trend for Cornerstone Total Return Fund's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cornerstone Total Return Fund Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Shares Outstanding (EOP) | Get a 7-Day Free Trial | 43.99 | 45.32 | 70.07 | 102.31 | 109.82 |
Cornerstone Total Return Fund Semi-Annual Data | ||||||||||||||||||||
Jun14 | Dec14 | Jun15 | Dec15 | Jun16 | Dec16 | Jun17 | Dec17 | Jun18 | Dec18 | Jun19 | Dec19 | Jun20 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | |
Shares Outstanding (EOP) | Get a 7-Day Free Trial | 70.07 | 97.15 | 102.31 | 106.01 | 109.82 |
For the Asset Management subindustry, Cornerstone Total Return Fund's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Asset Management industry and Financial Services sector, Cornerstone Total Return Fund's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Cornerstone Total Return Fund's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that end of period. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.
Cornerstone Total Return Fund (AMEX:CRF) Shares Outstanding (EOP) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of Cornerstone Total Return Fund's Shares Outstanding (EOP) provided by GuruFocus.com. Please click on the following links to see related term pages.
Matthew Morris | director | 1905 SHARP PL, HOUSTON TX 77019 |
Joshua Bradshaw | director | 1075 HENDERSONVILLE ROAD, SUITE 250, ASHEVILLE NC 28803 |
Brian James Lutes | officer: Treasurer | C/O ULTIMUS FUND SOLUTIONS, LLC, 225 PICTORIA DRIVE, SUITE 450, CINCINNATI OH 45246 |
Daniel Bradshaw | director | 1075 HENDERSONVILLE ROAD, SUITE 250, ASHEVILLE NC 28803 |
Wilcox Glenn W Sr | director | ONE WEST PACK SQUARE SUITE 1700, ASHEVILLE NC 28801 |
Ralph W Bradshaw | director, officer: President | 1075 HENDERSONVILLE ROAD, SUITE 250, ASHEVILLE NC 28803 |
Marcia Emilia Malzahn | director | 16494 73RD AVENUE N, MAPLE GROVE MN 55311 |
Hoyt M. Peters | officer: Secretary | 1075 HENDERSONVILLE ROAD, ASHEVILLE NC 28803 |
Alan M. Mandel | officer: Treasurer | C/O SCHRODERS, 875 THIRD AVENUE, 22ND FLOOR, NEW YORK NY 10022 |
Robert E Dean | director | 5570 DTC PARKWAY, GREENWOOD VILLAGE CO 80111 |
Frank J. Maresca | officer: Treasurer | 5 GREENVIEW CIR., HUNTINGTON NY 11743-5152 |
Theresa Minogue Bridge | officer: Treasurer | C/O ULTIMUS FUND SOLUTIONS, LLC, 225 PICTORIA DRIVE, SUITE 450, CINCINNATI OH 45246 |
William A Clark | director, officer: Vice President | C/O CORNERSTONE ADVISORS, INC., ONE WEST PARK SQUARE, SUITE 1650, ASHEVILLE NC 28801 |
Andrew A Strauss | director | 77 CENTRAL AVE SUITE F, ASHEVILLE NC 28801 |
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