Insider Buying: Western Asset Global High Income Fnd Inc (NYSE:EHI) Major Shareholder Buys 39,705 Shares of Stock

Western Asset Global High Income Fnd Inc (NYSE:EHI) major shareholder Saba Capital Management, L.P. purchased 39,705 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The stock was bought at an average cost of $9.85 per share, with a total value of $391,094.25. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Friday, June 14th, Saba Capital Management, L.P. acquired 14,736 shares of Western Asset Global High Income Fnd stock. The shares were acquired at an average price of $9.88 per share, with a total value of $145,591.68.
  • On Tuesday, June 11th, Saba Capital Management, L.P. bought 21,704 shares of Western Asset Global High Income Fnd stock. The stock was purchased at an average price of $9.84 per share, with a total value of $213,567.36.
  • On Friday, June 7th, Saba Capital Management, L.P. bought 13,410 shares of Western Asset Global High Income Fnd stock. The shares were acquired at an average cost of $9.78 per share, with a total value of $131,149.80.
  • On Wednesday, June 5th, Saba Capital Management, L.P. acquired 10,651 shares of Western Asset Global High Income Fnd stock. The stock was purchased at an average cost of $9.65 per share, with a total value of $102,782.15.
  • On Monday, June 3rd, Saba Capital Management, L.P. purchased 32,511 shares of Western Asset Global High Income Fnd stock. The shares were acquired at an average price of $9.62 per share, for a total transaction of $312,755.82.
  • On Wednesday, May 29th, Saba Capital Management, L.P. purchased 19,453 shares of Western Asset Global High Income Fnd stock. The shares were acquired at an average price of $9.69 per share, for a total transaction of $188,499.57.
  • On Thursday, May 23rd, Saba Capital Management, L.P. purchased 1,347 shares of Western Asset Global High Income Fnd stock. The shares were acquired at an average price of $9.69 per share, for a total transaction of $13,052.43.
  • On Tuesday, May 21st, Saba Capital Management, L.P. purchased 52,292 shares of Western Asset Global High Income Fnd stock. The shares were acquired at an average price of $9.75 per share, for a total transaction of $509,847.00.
  • On Thursday, May 16th, Saba Capital Management, L.P. purchased 69,269 shares of Western Asset Global High Income Fnd stock. The shares were acquired at an average price of $9.69 per share, for a total transaction of $671,216.61.
  • On Tuesday, May 14th, Saba Capital Management, L.P. purchased 16,263 shares of Western Asset Global High Income Fnd stock. The shares were acquired at an average price of $9.68 per share, for a total transaction of $157,425.84.

Western Asset Global High Income Fnd stock traded down $0.03 during mid-day trading on Friday, reaching $9.92. 71,294 shares of the company’s stock were exchanged, compared to its average volume of 128,235. The business has a fifty day simple moving average of $9.83. Western Asset Global High Income Fnd Inc has a one year low of $7.99 and a one year high of $9.99.

The company also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Friday, July 19th will be paid a $0.063 dividend. The ex-dividend date is Thursday, July 18th. This represents a $0.76 annualized dividend and a dividend yield of 7.62%.

Several institutional investors and hedge funds have recently modified their holdings of the business. Sit Investment Associates Inc. raised its stake in shares of Western Asset Global High Income Fnd by 257.6% in the first quarter. Sit Investment Associates Inc. now owns 719,763 shares of the company’s stock valued at $6,759,000 after buying an additional 518,486 shares during the period. Fiera Capital Corp grew its position in shares of Western Asset Global High Income Fnd by 55.6% in the fourth quarter. Fiera Capital Corp now owns 154,885 shares of the company’s stock valued at $1,281,000 after purchasing an additional 55,355 shares in the last quarter. LPL Financial LLC grew its position in shares of Western Asset Global High Income Fnd by 7.4% in the fourth quarter. LPL Financial LLC now owns 132,376 shares of the company’s stock valued at $1,095,000 after purchasing an additional 9,117 shares in the last quarter. Resources Investment Advisors Inc. purchased a new position in shares of Western Asset Global High Income Fnd in the fourth quarter valued at $174,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Western Asset Global High Income Fnd in the first quarter valued at $184,000.

About Western Asset Global High Income Fnd

Western Asset Global High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.

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Insider Buying and Selling by Quarter for Western Asset Global High Income Fnd (NYSE:EHI)

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