Goldman Sachs MLP and Energy Renassnc Fd (NYSE:GER) fell 5.1% on Tuesday . The company traded as low as $4.55 and last traded at $4.63. 990,368 shares changed hands during trading, an increase of 185% from the average session volume of 347,462 shares. The stock had previously closed at $4.88.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 29th. Stockholders of record on Wednesday, November 21st were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, November 20th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 13.65%.
In other Goldman Sachs MLP and Energy Renassnc Fd news, insider Ganesh Jois purchased 8,750 shares of the business’s stock in a transaction dated Thursday, November 15th. The shares were bought at an average price of $5.57 per share, with a total value of $48,737.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lawrence W. Stranghoener purchased 10,000 shares of the business’s stock in a transaction dated Friday, December 14th. The shares were acquired at an average cost of $5.18 per share, for a total transaction of $51,800.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 23,400 shares of company stock worth $125,322.
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Goldman Sachs MLP and Energy Renassnc Fd Company Profile (NYSE:GER)
Goldman Sachs MLP and Energy Renaissance Fund is a closed-ended equity mutual fund launched and managed by Goldman Sachs Asset Management, L.P. The fund invests in public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector. The fund primarily invests in growth stocks of Master Limited Partnerships and related energy companies across all market capitalizations, with a focus on midstream MLP investments.
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