Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Western Asset Global High Fd's shares outstanding for the quarter that ended in Nov. 2021 was 22.70 Mil.
Western Asset Global High Fd's quarterly shares outstanding
stayed the same
from May. 2021 (22.70 Mil) to Nov. 2021 (22.70 Mil).
Western Asset Global High Fd's annual shares outstanding
declined
from May. 2020 (43.87 Mil) to May. 2021 (22.70 Mil).
It means Western Asset Global High Fd bought back shares from May. 2020 to May. 2021 .
Western Asset Global High Fd Shares Outstanding (EOP) Historical Data
The historical data trend for Western Asset Global High Fd'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.
* Premium members only.
Western Asset Global High Fd Annual Data
Trend
May18
May19
May20
May21
Shares Outstanding (EOP)
44.92
44.11
43.87
22.70
Western Asset Global High Fd Semi-Annual Data
Nov17
May18
Nov18
May19
Nov19
May20
Nov20
May21
Nov21
Shares Outstanding (EOP)
44.11
43.87
22.70
22.70
22.70
Competitive Comparison
For the Asset Management subindustry, Western Asset Global High Fd'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.
Western Asset Global High Fd Shares Outstanding (EOP) Distribution
For the Asset Management industry and Financial Services sector, Western Asset Global High Fd's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Western Asset Global High Fd's Shares Outstanding (EOP) falls into.
Western Asset Global High Fd Shares Outstanding (EOP) Calculation
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.
Western Asset Global High Fd (NYSE:EHI) 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.
Western Asset Global High Fd Shares Outstanding (EOP) Related Terms
Thank you for viewing the detailed overview of Western Asset Global High Fd's Shares Outstanding (EOP) provided by GuruFocus.com. Please click on the following links to see related term pages.
Western Asset Global High Inc Fd Inc is a non-diversified, closed-end management investment company. Its investment objective is high current income and total return by investing in a global portfolio of securities. The fund invests in various sectors such as Consumer Discretionary, Energy, Healthcare, Industrials, materials, and others.
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