Goldman Sachs MLP and Energy Renassnc Fd (GER) Receives Coverage Optimism Score of 0.27

Media headlines about Goldman Sachs MLP and Energy Renassnc Fd (NYSE:GER) have trended positive this week, according to AlphaOne. The research firm, a subsidiary of Accern, identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Goldman Sachs MLP and Energy Renassnc Fd earned a daily sentiment score of 0.27 on AlphaOne’s scale. AlphaOne also assigned media headlines about the investment management company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.

Goldman Sachs MLP and Energy Renassnc Fd (NYSE:GER) traded down 0.90% during midday trading on Friday, hitting $7.72. The stock had a trading volume of 389,034 shares. The stock’s 50-day moving average is $7.96 and its 200-day moving average is $7.77. Goldman Sachs MLP and Energy Renassnc Fd has a 1-year low of $6.29 and a 1-year high of $8.90.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, May 19th will be paid a $0.16 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $0.64 dividend on an annualized basis and a yield of 8.29%.

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In other Goldman Sachs MLP and Energy Renassnc Fd news, Director Lawrence W. Stranghoener acquired 4,900 shares of Goldman Sachs MLP and Energy Renassnc Fd stock in a transaction on Monday, May 15th. The stock was purchased at an average price of $8.19 per share, for a total transaction of $40,131.00. Following the purchase, the director now directly owns 17,400 shares of the company’s stock, valued at $142,506. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ganesh Jois acquired 10,450 shares of Goldman Sachs MLP and Energy Renassnc Fd stock in a transaction on Tuesday, May 23rd. The stock was acquired at an average price of $7.99 per share, with a total value of $83,495.50. Following the purchase, the insider now directly owns 33,135 shares in the company, valued at $264,748.65. The disclosure for this purchase can be found here. Insiders acquired a total of 198,350 shares of company stock valued at $158,877 in the last 90 days.

About Goldman Sachs MLP and Energy Renassnc Fd

Goldman Sachs MLP and Energy Renaissance Fund is a non-diversified, closed-end management investment company. It seeks a high level of total return with an emphasis on current distributions to shareholders. It seeks to achieve its investment objective by investing primarily in master limited partnership (MLP) and other energy investments.

12 Month Chart for NYSE:GER

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