GLQ
Clough Global Equity Fund [GLQ] Stock Forecast
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In the News
GLQ: High-Yielding CEF Benefitting From Russia's Invasion Of Ukraine
Clough Global Equity Fund's assets have high exposure (both long & short) in stocks of ICT, financial, industrial, and healthcare - sectors that have high growth potential. GLQ's investments in stocks of aerospace and defense companies generated strong price growth during 2022. This might be the likely impact of Russia's invasion of Ukraine and increased military expenditures.
GLQ: Latest Distribution Cut Highlights A Deeper Hole
GLQ is an actively managed closed-end fund that invests primarily in equities while utilizing leverage. Our data shows that GLQ has been among the worst-performing equity CEFs in the market over the past year.
GLQ: Revisiting A 20% Yielding CEF
Clough Global Equity Fund (GLQ) is a 60/40 CEF with leverage on top. 60/40 portfolios are having the worst annual performance since 1974, and GLQ has not been spared.
GLQ - Get 11.6% From The Global Equities Markets
GLQ is a closed end fund focused on global equities. The fund is currently 84% allocated to equities with a 14% bucket dedicated to US government debt.
Weekly Closed-End Fund Roundup: December 26, 2021
20 out of 24 CEF sectors positive on price and 14 out of 24 sectors positive on NAV last week. It's pretty quiet in CEF-land, fund managers need holidays too. MLPs remain the most discounted sector.
GLQ: Heavy USA Exposure And High Leverage Pose Risks
American markets are incredibly overvalued right now, which could pose a risk to investors. GLQ purports to be a global fund that could therefore help reduce their risks but it is currently heavily exposed to America.
Clough Global Equity Fund Declares Monthly Cash Distributions for October, November, and December 2021 of $0.1341 per Share
DENVER, Oct. 8, 2021 /PRNewswire/ -- Today, the Board of Trustees (the "Board") for the Clough Global Equity Fund (the "Fund") has declared a monthly cash distribution of $0.1341 per common share, payable on the dates noted below. The Fund's managed distribution policy is to set the monthly distribution rate at an amount equal to one twelfth of 10% of the Fund's adjusted year-ending net asset value per share ("NAV"), which will be the average of the NAVs as of the last five business days of the prior calendar year.
CLOUGH GLOBAL EQUITY FUND SECTION 19(a) NOTICE Statement Pursuant to Section 19(a) of the Investment Company Act of 1940
DENVER, Sept. 30, 2021 /PRNewswire/ -- Today, the Clough Global Equity Fund (NYSE MKT: GLQ) (the "Fund"), a closed-end fund, paid a monthly distribution on its common stock of $0.1341 per share to shareholders of record at the close of business on September 21, 2021.
No Easy Answer When It Comes Time To Sell A Closed-End Fund
There is no "one size fits all" approach to when to sell, much like investing, in general.
Clough Global Equity Fund Section 19(a) Notice
DENVER, Aug. 31, 2021 /PRNewswire/ -- Today, the Clough Global Equity Fund (NYSE MKT: GLQ) (the "Fund"), a closed-end fund, paid a monthly distribution on its common stock of $0.1341 per share to shareholders of record at the close of business on August 20, 2021. The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder.
GLQ Financial details
GLQ Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-10-31
| Metric | History | 2018-10-31 | 2019-10-31 | 2020-10-31 | 2021-10-31 | 2022-10-31 |
|---|---|---|---|---|---|---|
| Revenue per share | 0.5 | 1.16 | 1.25 | 4.66 | -7.97 | |
| Net income per share | 0.41 | 1.06 | 1.15 | 4.53 | -8.14 | |
| Operating cash flow per share | 11.26 | -0.91 | -0.32 | -4.68 | 2.75 | |
| Free cash flow per share | 11.26 | -0.91 | -0.32 | -4.68 | 2.75 | |
| Cash per share | 0.75 | 0.01 | 0.03 | 0.06 | 0 | |
| Book value per share | 11.33 | 14.47 | 12.5 | 20.03 | 11.06 | |
| Tangible book value per share | 11.33 | 14.47 | 12.5 | 20.03 | 11.06 | |
| Share holders equity per share | 11.33 | 14.47 | 12.5 | 20.03 | 11.06 | |
| Interest debt per share | 6.63 | 7.35 | 6.89 | 9.92 | 8.49 | |
| Market cap | 174.17M | 139.41M | 146.23M | 206.07M | 94.75M | |
| Enterprise value | 249.31M | 223.81M | 237.82M | 336.89M | 205.18M | |
| P/E ratio | 32.23 | 11.06 | 9.36 | 3.4 | -0.87 | |
| Price to sales ratio | 26.51 | 10.17 | 8.6 | 3.31 | -0.89 | |
| POCF ratio | 1.17 | -12.88 | -33.55 | -3.3 | 2.58 | |
| PFCF ratio | 1.17 | -12.88 | -33.55 | -3.3 | 2.58 | |
| P/B Ratio | 1.17 | 0.81 | 0.86 | 0.77 | 0.64 | |
| PTB ratio | 1.17 | 0.81 | 0.86 | 0.77 | 0.64 | |
| EV to sales | 37.94 | 16.33 | 13.98 | 5.41 | -1.93 | |
| Enterprise value over EBITDA | 31.77 | 14.78 | 13.93 | 5.48 | -1.94 | |
| EV to operating cash flow | 1.68 | -20.68 | -54.57 | -5.39 | 5.59 | |
| EV to free cash flow | 1.68 | -20.68 | -54.57 | -5.39 | 5.59 | |
| Earnings yield | 0.03 | 0.09 | 0.11 | 0.29 | -1.15 | |
| Free cash flow yield | 0.85 | -0.08 | -0.03 | -0.3 | 0.39 | |
| Debt to equity | 0.72 | 0.74 | 0.66 | 0.66 | 1.12 | |
| Debt to assets | 0.42 | 0.43 | 0.4 | 0.4 | 0.53 | |
| Net debt to EBITDA | 9.57 | 5.58 | 5.37 | 2.13 | -1.04 | |
| Current ratio | 0 | 0 | 0 | 0 | 0 | |
| Interest coverage | 0 | 0 | 0 | 0 | 0 | |
| Income quality | 27.47 | -0.86 | -0.28 | -1.03 | -0.34 | |
| Dividend Yield | 0.09 | 0.11 | 0.12 | 0.11 | 0.28 | |
| Payout ratio | 3.05 | 1.21 | 1.12 | 0.38 | -0.24 | |
| Sales general and administrative to revenue | 0.16 | 0.07 | 0.06 | 0.02 | -0.01 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
| Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
| Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
| Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
| Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
| Graham number | 10.22 | 18.61 | 18 | 45.18 | 45.01 | |
| ROIC | 0 | 0 | 0 | 0 | 0 | |
| Return on tangible assets | 0.02 | 0.04 | 0.06 | 0.14 | -0.35 | |
| Graham Net | -7.3 | -9.66 | -7.7 | -13.01 | -11.76 | |
| Working capital | 0 | 0 | 0 | 0 | 0 | |
| Tangible asset value | 149.38M | 171.34M | 169.54M | 267.67M | 147.87M | |
| Net current asset value | -108.29M | -127.14M | -112.14M | -175.79M | -165.3M | |
| Invested capital | 0.57 | 0.49 | 0.54 | 0.49 | 0.75 | |
| Average receivables | 2.39M | 9.84M | 13.32M | 5.62M | 6.2M | |
| Average payables | 25.98M | 31.79M | 30.72M | 30.29M | 43.76M | |
| Average inventory | 0 | 0 | 0 | 0 | 0 | |
| Days sales outstanding | 157.39 | 448.87 | 209.92 | 8.55 | -37.49 | |
| Days payables outstanding | 0 | 0 | 0 | 0 | 0 | |
| Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
| Receivables turnover | 2.32 | 0.81 | 1.74 | 42.69 | -9.74 | |
| Payables turnover | 0 | 0 | 0 | 0 | 0 | |
| Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
| ROE | 0.04 | 0.07 | 0.09 | 0.23 | -0.74 | |
| Capex per share | 0 | 0 | 0 | 0 | 0 |
Quarterly Fundamentals Overview
Last date of statement is 2022-10-31 for Q4
| Metric | History | 2020-10-31 | 2021-04-30 | 2021-10-31 | 2022-04-30 | 2022-10-31 |
|---|---|---|---|---|---|---|
| Revenue per share | 0 | 0 | 0 | 0 | 0 | |
| Net income per share | 0 | 0 | 0 | 0 | 0 | |
| Operating cash flow per share | 0 | 0 | 0 | 0 | 0 | |
| Free cash flow per share | 0 | 0 | 0 | 0 | 0 | |
| Cash per share | 0 | 0 | 0 | 0 | 0 | |
| Book value per share | 0 | 0 | 0 | 0 | 0 | |
| Tangible book value per share | 0 | 0 | 0 | 0 | 0 | |
| Share holders equity per share | 0 | 0 | 0 | 0 | 0 | |
| Interest debt per share | 0 | 0 | 0 | 0 | 0 | |
| Market cap | 0 | 0 | 0 | 0 | 0 | |
| Enterprise value | 91.59M | 107.38M | 130.82M | 133.62M | 110.43M | |
| P/E ratio | 0 | 0 | 0 | 0 | 0 | |
| Price to sales ratio | 0 | 0 | 0 | 0 | 0 | |
| POCF ratio | 0 | 0 | 0 | 0 | 0 | |
| PFCF ratio | 0 | 0 | 0 | 0 | 0 | |
| P/B Ratio | 0 | 0 | 0 | 0 | 0 | |
| PTB ratio | 0 | 0 | 0 | 0 | 0 | |
| EV to sales | 0 | 0 | 0 | 0 | 0 | |
| Enterprise value over EBITDA | 0 | 0 | 0 | 0 | 0 | |
| EV to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
| EV to free cash flow | 0 | 0 | 0 | 0 | 0 | |
| Earnings yield | 0 | 0 | 0 | 0 | 0 | |
| Free cash flow yield | 0 | 0 | 0 | 0 | 0 | |
| Debt to equity | 0.66 | 0.65 | 0.66 | 1.02 | 1.12 | |
| Debt to assets | 0.4 | 0.39 | 0.4 | 0.51 | 0.53 | |
| Net debt to EBITDA | 0 | 0 | 0 | 0 | 0 | |
| Current ratio | 0 | 0 | 0 | 0 | 0 | |
| Interest coverage | 0 | 0 | 0 | 0 | 0 | |
| Income quality | 0 | 0 | 0 | 0 | 0 | |
| Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
| Payout ratio | 0 | 0 | 0 | 0 | 0 | |
| Sales general and administrative to revenue | 0 | 0 | 0 | 0 | 0 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
| Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
| Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
| Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
| Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
| Graham number | 0 | 0 | 0 | 0 | 0 | |
| ROIC | 0 | 0 | 0 | 0 | 0 | |
| Return on tangible assets | 0 | 0 | 0 | 0 | 0 | |
| Graham Net | 0 | 0 | 0 | 0 | 0 | |
| Working capital | 0 | 0 | 0 | 0 | 0 | |
| Tangible asset value | 169.54M | 221.65M | 267.67M | 188.8M | 147.87M | |
| Net current asset value | -112.14M | -144.61M | -175.79M | -192.98M | -165.3M | |
| Invested capital | 0.54 | 0.49 | 0.49 | 0.74 | 0.75 | |
| Average receivables | 8.7M | 5.14M | 974K | 6.52M | 11.26M | |
| Average payables | 38.53M | 27.16M | 37.78M | 46.67M | 49.52M | |
| Average inventory | 0 | 0 | 0 | 0 | 0 | |
| Days sales outstanding | 0 | 0 | 0 | 0 | 0 | |
| Days payables outstanding | 0 | 0 | 0 | 0 | 0 | |
| Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
| Receivables turnover | 0 | 0 | 0 | 0 | 0 | |
| Payables turnover | 0 | 0 | 0 | 0 | 0 | |
| Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
| ROE | 0 | 0 | 0 | 0 | 0 | |
| Capex per share | 0 | 0 | 0 | 0 | 0 |
GLQ Frequently Asked Questions
What is Clough Global Equity Fund stock symbol ?
Clough Global Equity Fund is a US stock , located in Boston of Ma and trading under the symbol GLQ
What is Clough Global Equity Fund stock quote today ?
Clough Global Equity Fund stock price is $5.84 today.
Is Clough Global Equity Fund stock public?
Yes, Clough Global Equity Fund is a publicly traded company.
Company Profile
- Volume Average 133.58K
- Market Capitalization 110.54M
- CEO Mr. Edmund Joseph Burke
- Headquarters Boston,MA,US
- IPO Date 2005-04-27
Clough Global Equity Fund is a closed ended equity mutual fund launched and managed by Clough Capital Partners, L.P. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental and quantitative analysis with a bottom up stock picking approach to create its portfolio, with focus on factors such as a company's competitive position, quality of company management, quality and visibility of earnings and cash flow, balance sheet strength, and relative valuation. The fund follows a theme-based investment process which involves focusing on such events as industry consolidation, technological change, an emerging shortage of a product or raw material, and changes in government regulations. It benchmarks the performance of its portfolio against the S&P 500 Index. Clough Global Equity Fund was formed on January 25, 2005 and is domiciled in the United States.
