Sea Otter Advisors LLC Invests $3.85 Million in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

Sea Otter Advisors LLC acquired a new stake in shares of Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 500,000 shares of the investment management company’s stock, valued at approximately $3,850,000. Cornerstone Strategic Value Fund makes up about 27.4% of Sea Otter Advisors LLC’s portfolio, making the stock its biggest position.

A number of other hedge funds have also recently modified their holdings of CLM. Strategic Financial Concepts LLC increased its holdings in shares of Cornerstone Strategic Value Fund by 800.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 509,390 shares of the investment management company’s stock worth $39,000 after purchasing an additional 452,790 shares in the last quarter. Voisard Asset Management Group Inc. bought a new position in Cornerstone Strategic Value Fund in the second quarter valued at about $72,000. Choreo LLC bought a new stake in shares of Cornerstone Strategic Value Fund during the 2nd quarter valued at about $125,000. StoneX Group Inc. purchased a new stake in shares of Cornerstone Strategic Value Fund during the 4th quarter valued at about $144,000. Finally, Wedbush Securities Inc. lifted its stake in shares of Cornerstone Strategic Value Fund by 50.4% in the 2nd quarter. Wedbush Securities Inc. now owns 20,900 shares of the investment management company’s stock worth $161,000 after purchasing an additional 7,000 shares during the period.

Cornerstone Strategic Value Fund Stock Performance

Shares of CLM stock opened at $7.64 on Friday. Cornerstone Strategic Value Fund, Inc. has a one year low of $6.25 and a one year high of $8.11. The company’s fifty day moving average price is $7.39.

Cornerstone Strategic Value Fund Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.1086 per share. The ex-dividend date of this dividend is Tuesday, October 15th.

Cornerstone Strategic Value Fund Profile

Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value and growth stocks of companies.