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In a recent transaction on March 20, 2024, Mark T. Haley, President of Liberty All Star Growth Fund, Inc. (NYSE:ASG), purchased common stock of the company. This executive acquired his 1,000 shares at a price of $5.395 per share, making his total investment $5,395.
This purchase reflects the president’s vote of confidence in the fund’s potential and future performance. Following this transaction, Mark T. Haley now owns a total of 121,594.864 shares of Liberty All-Star Growth Fund, Inc. The acquisition is a direct transaction, indicating that the stock is wholly owned by Mr. Haley.
Investors typically monitor for insider purchases as it can indicate management’s belief in a company’s prospects. Such transactions are often seen as a positive indicator by the market, as insiders are believed to have better insight into the company’s operations and growth potential.
Liberty All-Star Growth Fund, Inc., which trades under the ticker NYSE:ASG, has active market participation by its management team, a trend reinforced by recent acquisitions by its president. Details of the transaction were disclosed through a Form 4 filing with the Securities and Exchange Commission.
As of the trading date, shares of Liberty All Star Growth Fund, Inc. are valued highly by its president, whose recent investments have increased interest in the company’s financial health and trajectory.
Investment Pro Insights
Following recent insider stock purchases by Mark T. Haley, President of Liberty All Star Growth Fund, Inc. (NYSE:ASG), investors may be able to find additional context through InvestingPro’s data and insights. yeah. The fund’s market capitalization is currently $316.16 million, which reflects its size and presence in the market. His P/E ratio for ASG is noticeably low at 5.69, which means he is likely undervalued relative to his earnings. Moreover, the company has shown revenue growth of 11.81% over the past twelve months as of Q4 2023, indicating that its financial performance is on an upward trajectory.
InvestingPro Tips for ASG highlights the fund’s commitment to returning value to shareholders, as evidenced by its high dividend yield of 8.16% and history of maintaining its dividend for 38 consecutive years. This consistent return to investors is a notable aspect of the fund’s appeal. Additionally, ASG made a profit over the last twelve months, which could provide additional comfort to companies looking to invest.
For investors seeking deeper analysis, additional InvestingPro Tips are available that may shed light on other aspects of ASG’s financial health and outlook.To access these insights and take advantage of special offers, use a coupon code pro news 24 Get an extra 10% off annual or biennial Pro and Pro+ subscriptions. This offer grants you access to a comprehensive list of tips to help you make investment decisions.
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