Guggenheim Capital LLC Increases Position in Western Asset Corporate (NYSE:TLI)

Guggenheim Capital LLC grew its stake in Western Asset Corporate (NYSE:TLI) by 29.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,743 shares of the investment management company’s stock after buying an additional 9,619 shares during the quarter. Guggenheim Capital LLC owned approximately 0.42% of Western Asset Corporate worth $439,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Sit Investment Associates Inc. bought a new position in shares of Western Asset Corporate in the fourth quarter worth about $1,656,000. Dean Investment Associates LLC boosted its stake in shares of Western Asset Corporate by 7.2% in the fourth quarter. Dean Investment Associates LLC now owns 629,965 shares of the investment management company’s stock worth $6,627,000 after acquiring an additional 42,085 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Western Asset Corporate by 9.9% in the fourth quarter. Wells Fargo & Company MN now owns 92,974 shares of the investment management company’s stock worth $978,000 after acquiring an additional 8,412 shares during the period. Mariner Investment Group LLC bought a new position in shares of Western Asset Corporate in the fourth quarter worth about $305,000. Finally, Wolverine Asset Management LLC boosted its stake in shares of Western Asset Corporate by 272.8% in the fourth quarter. Wolverine Asset Management LLC now owns 121,533 shares of the investment management company’s stock worth $1,278,000 after acquiring an additional 88,929 shares during the period. Institutional investors and hedge funds own 26.03% of the company’s stock.

In other news, Director William R. Hutchinson sold 8,226 shares of the company’s stock in a transaction dated Wednesday, April 11th. The stock was sold at an average price of $10.44, for a total value of $85,879.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE TLI remained flat at $$10.39 during mid-day trading on Wednesday. The stock had a trading volume of 23,500 shares, compared to its average volume of 30,347. Western Asset Corporate has a 1 year low of $10.36 and a 1 year high of $10.36.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Friday, August 24th will be paid a $0.053 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date of this dividend is Thursday, August 23rd.

Western Asset Corporate Profile

There is no company description available for Western Asset Corporate Loan Fund.

Institutional Ownership by Quarter for Western Asset Corporate (NYSE:TLI)

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