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Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Fiduciary/Claymore Energy Infrastructure Fund's average diluted shares outstanding for the quarter that ended in Nov. 2021 was 7.09 Mil.
Fiduciary/Claymore Energy Infrastructure Fund (NYSE:FMO) Shares Outstanding (Diluted Average) 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.
Be Aware
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.
Fiduciary/Claymore Energy Infrastructure Fund Shares Outstanding (Diluted Average) Related Terms
Fiduciary/Claymore Energy Infrastructure Fund Shares Outstanding (Diluted Average) Historical Data
* 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.
Fiduciary/Claymore Energy Infrastructure Fund Shares Outstanding (Diluted Average) Chart
Fiduciary/Claymore Energy Infrastructure Fund Annual Data
Trend
Nov17
Nov18
Nov19
Nov20
Nov21
Shares Outstanding (Diluted Average)
7.15
7.14
7.08
7.09
6.92
Fiduciary/Claymore Energy Infrastructure Fund Semi-Annual Data
Fiduciary/Claymore Energy Infrastructure Fund Shares Outstanding (Diluted Average) 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.
Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. 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.
What does a Shares Outstanding (Diluted Average) of 7.09 Mil mean?
Fiduciary/Claymore Energy Infrastructure Fund (FMO) has a Shares Outstanding (Diluted Average) of 7.09 Mil as of Nov. 2021. The average shares outstanding over two periods including dilutive securities like preferred shares and convertibles. View historical data on Fiduciary/Claymore Energy Infrastructure Fund and its competitors.
Is Fiduciary/Claymore Energy Infrastructure Fund's Shares Outstanding (Diluted Average) too high?
Fiduciary/Claymore Energy Infrastructure Fund's current Shares Outstanding (Diluted Average) is 7.09 Mil. Overall, Fiduciary/Claymore Energy Infrastructure Fund has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Fiduciary/Claymore Energy Infrastructure Fund's Shares Outstanding (Diluted Average) compare to DTF and IAE?
Fiduciary/Claymore Energy Infrastructure Fund's Shares Outstanding (Diluted Average) of 7.09 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Diluted Average) for an Asset Management company?
A good Shares Outstanding (Diluted Average) depends on the Asset Management industry context. However, Shares Outstanding (Diluted Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Diluted Average) mean?
A high Shares Outstanding (Diluted Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods including dilutive securities like preferred shares and convertibles. View historical data on Fiduciary/Claymore Energy Infrastructure Fund and its competitors. Fiduciary/Claymore Energy Infrastructure Fund's current Shares Outstanding (Diluted Average) is 7.09 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fiduciary/Claymore Energy Infrastructure Fund stock overvalued right now?
Fiduciary/Claymore Energy Infrastructure Fund (FMO) has a current Shares Outstanding (Diluted Average) of 7.09 Mil. The current Shares Outstanding (Diluted Average) is 7.09 Mil. Fiduciary/Claymore Energy Infrastructure Fund's overall GF Score™ is 40/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Diluted Average) calculated?
Shares Outstanding (Diluted Average) is calculated from a company's financial statements. For Fiduciary/Claymore Energy Infrastructure Fund (FMO), the current Shares Outstanding (Diluted Average) is 7.09 Mil as of Nov. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Fiduciary/Claymore Energy Infrastructure Fund is a non-diversified, closed-end management investment company. Its investment objective is to provide a high level of after-tax total return with an emphasis on current distributions paid to shareholders.
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