Insider Buying: Liberty All-Star Growth Fund, Inc. (NYSE:ASG) Insider Purchases 3,500 Shares of Stock

Liberty All-Star Growth Fund, Inc. (NYSE:ASG) insider Edmund J. Burke purchased 3,500 shares of Liberty All-Star Growth Fund stock in a transaction dated Tuesday, March 26th. The stock was bought at an average cost of $5.45 per share, for a total transaction of $19,075.00. Following the completion of the purchase, the insider now directly owns 6,300 shares in the company, valued at approximately $34,335. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Liberty All-Star Growth Fund Price Performance

Liberty All-Star Growth Fund stock opened at $5.49 on Thursday. The company’s 50 day simple moving average is $5.35 and its 200-day simple moving average is $5.11. Liberty All-Star Growth Fund, Inc. has a 1 year low of $4.47 and a 1 year high of $5.71.

Liberty All-Star Growth Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Friday, January 19th were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 8.01%. This is a boost from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.10.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Advisor Resource Council acquired a new position in shares of Liberty All-Star Growth Fund in the fourth quarter valued at approximately $175,000. Shaker Financial Services LLC grew its holdings in Liberty All-Star Growth Fund by 42.4% during the 3rd quarter. Shaker Financial Services LLC now owns 801,378 shares of the investment management company’s stock worth $3,959,000 after acquiring an additional 238,659 shares in the last quarter. Cornerstone Advisors LLC grew its holdings in Liberty All-Star Growth Fund by 62.6% during the 3rd quarter. Cornerstone Advisors LLC now owns 593,323 shares of the investment management company’s stock worth $2,931,000 after acquiring an additional 228,396 shares in the last quarter. Karpus Management Inc. grew its holdings in Liberty All-Star Growth Fund by 73.3% during the 3rd quarter. Karpus Management Inc. now owns 640,657 shares of the investment management company’s stock worth $3,165,000 after acquiring an additional 270,872 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in Liberty All-Star Growth Fund during the 3rd quarter worth approximately $198,000. Institutional investors and hedge funds own 21.62% of the company’s stock.

Liberty All-Star Growth Fund Company Profile

Liberty All-Star Growth Fund, Inc is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Weatherbie Capital, LLC, Congress Asset Management Company, and Sustainable Growth Advisers, LP. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.