Lazard (NYSE:LAZ) Global Total Return and Income Fund (LGI) stock reached a 52-week high of $17.07, marking a significant milestone for the investment company. This peak reflects a robust performance over the past year, with the fund showcasing an impressive 1-year change of 15.6%. Investors have shown increased confidence in LGI's strategy and portfolio management, which is evident from the stock's strong upward trajectory. The 52-week high serves as a testament to the fund's resilience and growth potential in a dynamic market environment.
InvestingPro Insights
The recent performance of Lazard Global Total Return and Income Fund (LGI) is not just a fleeting moment. InvestingPro data reveals a substantial market capitalization of $221.74 million, underscoring the fund's significant presence in the market. With a P/E ratio of 5.58, LGI presents an attractive valuation to investors looking for earnings potential at a reasonable price. The fund's revenue growth also paints a picture of steady expansion, with a 7.57% increase over the last twelve months as of Q4 2023, and an even more impressive quarterly growth of 10.91% in Q4 2023.
InvestingPro Tips highlight the fund's commitment to shareholders through a noteworthy dividend yield, currently standing at 10.52%. This generous return on investment is supported by a history of maintained dividend payments for 21 consecutive years, demonstrating LGI's dedication to consistent shareholder returns. However, potential investors should be aware of the liquidity concerns, as short-term obligations exceed liquid assets, which could impact financial flexibility. With the fund trading near its 52-week high, it's also trading at 99.82% of this peak, indicating that it is at a critical juncture regarding its market price.
For those interested in a more comprehensive analysis, there are additional InvestingPro Tips available that delve deeper into LGI's financial health and market standing, which can be found at https://www.investing.com/pro/LGI.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.