Press coverage about KOREA EQUITY FD (NYSE:KEF) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. KOREA EQUITY FD earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- KOREA EQUITY FD Announces Special Dividend of $2.13 (KEF) (americanbankingnews.com)
- KOREA EQUITY FD (KEF) Major Shareholder Bulldog Investors, Llc Buys 3,700 Shares (americanbankingnews.com)
- Korea Equity Fund : Announces Distributions to its Shareholders in Connection with the Liquidation of the Fund (4-traders.com)
- Korea Equity Fd (KEF) Major Shareholder Bulldog Investors, Llc Buys 50,000 Shares (americanbankingnews.com)
Shares of KOREA EQUITY FD (NYSE:KEF) traded down 0.21% during mid-day trading on Tuesday, reaching $9.54. 387,054 shares of the company’s stock traded hands. KOREA EQUITY FD has a 12 month low of $7.22 and a 12 month high of $9.59. The company has a 50 day moving average of $9.44 and a 200 day moving average of $8.51.
The firm also recently declared a special dividend, which will be paid on Thursday, June 29th. Shareholders of record on Monday, June 26th will be issued a dividend of $2.1347 per share. The ex-dividend date of this dividend is Friday, June 30th.
In other news, major shareholder Value Offshore Fund Ltd. Full bought 10,000 shares of the stock in a transaction dated Tuesday, April 18th. The shares were bought at an average cost of $8.61 per share, with a total value of $86,100.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Bulldog Investors, Llc bought 3,700 shares of the stock in a transaction dated Thursday, June 15th. The shares were purchased at an average cost of $9.51 per share, for a total transaction of $35,187.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 554,422 shares of company stock worth $5,165,472 over the last 90 days.
KOREA EQUITY FD Company Profile
Korea Equity Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investments primarily in equity securities of South Korean companies. Under normal circumstances, the Fund will invest approximately 80% of its total assets in such securities.
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