Aristides Capital LLC Reduces Holdings in LMP Capital and Income Fund Inc. (NYSE:SCD)

Aristides Capital LLC lowered its stake in shares of LMP Capital and Income Fund Inc. (NYSE:SCD) by 69.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,903 shares of the real estate investment trust’s stock after selling 170,000 shares during the quarter. Aristides Capital LLC’s holdings in LMP Capital and Income Fund were worth $1,144,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atomi Financial Group Inc. acquired a new position in LMP Capital and Income Fund during the 2nd quarter valued at approximately $367,000. Quarry LP acquired a new position in shares of LMP Capital and Income Fund in the 4th quarter valued at $751,000. Chapin Davis Inc. lifted its position in LMP Capital and Income Fund by 6.0% during the 1st quarter. Chapin Davis Inc. now owns 50,952 shares of the real estate investment trust’s stock worth $797,000 after acquiring an additional 2,890 shares during the period. Shaker Financial Services LLC acquired a new position in shares of LMP Capital and Income Fund in the second quarter valued at about $1,440,000. Finally, Advisors Asset Management Inc. raised its stake in shares of LMP Capital and Income Fund by 10.9% in the first quarter. Advisors Asset Management Inc. now owns 633,763 shares of the real estate investment trust’s stock worth $9,912,000 after purchasing an additional 62,529 shares during the last quarter.

LMP Capital and Income Fund Stock Up 2.4 %

LMP Capital and Income Fund stock opened at $17.59 on Tuesday. The stock has a 50-day moving average price of $16.26 and a 200 day moving average price of $15.60. LMP Capital and Income Fund Inc. has a 52 week low of $11.33 and a 52 week high of $17.93.

LMP Capital and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 24th will be paid a $0.113 dividend. The ex-dividend date is Thursday, October 24th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 7.71%.

About LMP Capital and Income Fund

LMP Capital and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Clearbridge Investments, LLC, Western Asset Management Company Limited, and Western Asset Management Company. The fund invests in public equity and fixed income markets across the globe.