Liberty All-Star Equity Fund (NYSE:USA) declared a quarterly dividend on Tuesday, October 18th. Investors of record on Friday, October 28th will be paid a dividend of 0.12 per share by the closed-end fund on Tuesday, January 3rd. This represents a $0.48 annualized dividend and a yield of 9.47%. The ex-dividend date of this dividend is Wednesday, October 26th.

Liberty All-Star Equity Fund (NYSE:USA) opened at 5.07 on Wednesday. The stock’s 50 day moving average is $5.14 and its 200 day moving average is $5.08. Liberty All-Star Equity Fund has a 52 week low of $4.26 and a 52 week high of $5.49.

Dividend History for Liberty All-Star Equity Fund (NYSE:USA)

A number of equities analysts have weighed in on USA shares. Jefferies Group upgraded shares of Liberty All-Star Equity Fund from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Thursday, July 14th. Canaccord Genuity started coverage on shares of Liberty All-Star Equity Fund in a research note on Wednesday, August 17th. They set a “neutral” rating for the company. Raymond James Financial Inc. raised shares of Liberty All-Star Equity Fund from an “underperform” rating to a “market perform” rating and set a $4.51 target price for the company in a research note on Tuesday, June 28th. Morgan Stanley started coverage on shares of Liberty All-Star Equity Fund in a research note on Tuesday, August 9th. They set an “overweight” rating for the company. Finally, Credit Suisse Group AG raised shares of Liberty All-Star Equity Fund from a “neutral” rating to an “outperform” rating in a research note on Friday, October 14th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $33.28.

In other news, insider John A. Benning sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $5.18, for a total transaction of $51,800.00. Following the completion of the sale, the insider now directly owns 20,035 shares of the company’s stock, valued at approximately $103,781.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John A. Benning sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $5.16, for a total value of $25,800.00. Following the sale, the insider now directly owns 30,035 shares of the company’s stock, valued at $154,980.60. The disclosure for this sale can be found here.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Guggenheim Capital LLC raised its stake in Liberty All-Star Equity Fund by 59.0% in the second quarter. Guggenheim Capital LLC now owns 208,648 shares of the closed-end fund’s stock worth $1,047,000 after buying an additional 77,396 shares during the period. Stratos Wealth Partners LTD. raised its stake in Liberty All-Star Equity Fund by 2.4% in the second quarter. Stratos Wealth Partners LTD. now owns 20,079 shares of the closed-end fund’s stock worth $101,000 after buying an additional 465 shares during the period. Citigroup Inc. raised its stake in Liberty All-Star Equity Fund by 26.7% in the second quarter. Citigroup Inc. now owns 766,267 shares of the closed-end fund’s stock worth $3,847,000 after buying an additional 161,456 shares during the period. Advisor Group Inc. acquired a new stake in Liberty All-Star Equity Fund during the second quarter worth about $210,000. Finally, Raymond James & Associates raised its stake in Liberty All-Star Equity Fund by 4.5% in the second quarter. Raymond James & Associates now owns 812,044 shares of the closed-end fund’s stock worth $4,076,000 after buying an additional 35,275 shares during the period.

About Liberty All-Star Equity Fund

Liberty All-Star Equity Fund (the Fund) is a diversified, closed-end management investment company. The Fund seeks total investment return comprising long-term capital appreciation and current income through investing primarily in a diversified portfolio of equity securities. The Fund invests in various sectors, including financials, information technology, healthcare, consumer discretionary, consumer staples, industrials, energy, materials, utilities and telecommunication services.

5 Day Chart for NYSE:USA

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