Loading...

Clough Global Equity Fund

AMEX:GLQ
Snowflake Description

Acceptable track record second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GLQ
AMEX
$138M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Clough Global Equity Fund is a closed ended equity mutual fund launched and managed by Clough Capital Partners, L.P. The last earnings update was 77 days ago. More info.


Add to Portfolio Compare Print
  • Clough Global Equity Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
GLQ Share Price and Events
7 Day Returns
-2.6%
AMEX:GLQ
-4.1%
US Capital Markets
-1.1%
US Market
1 Year Returns
-7.5%
AMEX:GLQ
-10.7%
US Capital Markets
5.8%
US Market
GLQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Clough Global Equity Fund (GLQ) -2.6% -1.3% 26.1% -7.5% 16.9% -18.5%
US Capital Markets -4.1% -4.6% 12.6% -10.7% 51.9% 54.1%
US Market -1.1% -0.2% 19.7% 5.8% 37.9% 41.7%
1 Year Return vs Industry and Market
  • GLQ outperformed the Capital Markets industry which returned -10.7% over the past year.
  • GLQ underperformed the Market in United States of America which returned 5.8% over the past year.

GLQ Value

 Is Clough Global Equity Fund undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Clough Global Equity Fund to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Clough Global Equity Fund.

AMEX:GLQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $13.70 * 3.3%
$0.46
Book Value of Equity per Share Median Book Value from the past 5 years. $13.70
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AMEX:GLQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.718 (1 + (1- 21%) (61.38%))
1.044
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.044 * 5.96%)
8.95%

Discounted Cash Flow Calculation for AMEX:GLQ using Excess Returns Model Model

The calculations below outline how an intrinsic value for Clough Global Equity Fund is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

AMEX:GLQ Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.3% – 8.95%) * $13.70)
$-0.77
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.77 / (8.95% - 2.73%)
$-12.34
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $13.70 + $-12.34
$1.35
AMEX:GLQ Discount to Share Price
Calculation Result
Value per share (USD) From above. $1.35
Current discount Discount to share price of $12.56
= -1 x ($12.56 - $1.35) / $1.35
-828%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Clough Global Equity Fund is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Clough Global Equity Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Clough Global Equity Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:GLQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-10-31) in USD $0.49
AMEX:GLQ Share Price ** AMEX (2019-03-25) in USD $12.56
United States of America Capital Markets Industry PE Ratio Median Figure of 78 Publicly-Listed Capital Markets Companies 25.27x
United States of America Market PE Ratio Median Figure of 3,061 Publicly-Listed Companies 17.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Clough Global Equity Fund.

AMEX:GLQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:GLQ Share Price ÷ EPS (both in USD)

= 12.56 ÷ 0.49

25.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Clough Global Equity Fund is overvalued based on earnings compared to the US Capital Markets industry average.
  • Clough Global Equity Fund is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Clough Global Equity Fund's expected growth come at a high price?
Raw Data
AMEX:GLQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 1.85x
United States of America Market PEG Ratio Median Figure of 2,104 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Clough Global Equity Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Clough Global Equity Fund's assets?
Raw Data
AMEX:GLQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-10-31) in USD $13.55
AMEX:GLQ Share Price * AMEX (2019-03-25) in USD $12.56
United States of America Capital Markets Industry PB Ratio Median Figure of 153 Publicly-Listed Capital Markets Companies 4.62x
United States of America Market PB Ratio Median Figure of 5,166 Publicly-Listed Companies 1.85x
AMEX:GLQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:GLQ Share Price ÷ Book Value per Share (both in USD)

= 12.56 ÷ 13.55

0.93x

* Primary Listing of Clough Global Equity Fund.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Clough Global Equity Fund is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Clough Global Equity Fund's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Clough Global Equity Fund has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GLQ Future Performance

 How is Clough Global Equity Fund expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Clough Global Equity Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.6%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Clough Global Equity Fund expected to grow at an attractive rate?
  • Unable to compare Clough Global Equity Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Clough Global Equity Fund's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Clough Global Equity Fund's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:GLQ Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.6%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:GLQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:GLQ Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-10-31 6 148 5
2018-07-31 6 147 19
2018-04-30 7 145 33
2018-01-31 7 83 43
2017-10-31 7 21 54
2017-07-31 7 44 44
2017-04-30 7 66 34
2017-01-31 6 65 8
2016-10-31 6 64 -19
2016-07-31 6 45 -28
2016-04-30 6 26 -38
2016-01-31 5 21 -19

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Clough Global Equity Fund is high growth as no earnings estimate data is available.
  • Unable to determine if Clough Global Equity Fund is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:GLQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Clough Global Equity Fund Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:GLQ Past Financials Data
Date (Data in USD Millions) EPS *
2018-10-31 0.49
2018-07-31 1.72
2018-04-30 2.96
2018-01-31 3.92
2017-10-31 3.05
2017-07-31 2.49
2017-04-30 1.94
2017-01-31 0.43
2016-10-31 -1.07
2016-07-31 -1.61
2016-04-30 -2.15
2016-01-31 -1.08

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Clough Global Equity Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Clough Global Equity Fund's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Clough Global Equity Fund has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GLQ Past Performance

  How has Clough Global Equity Fund performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Clough Global Equity Fund's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Clough Global Equity Fund's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Clough Global Equity Fund's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Clough Global Equity Fund's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
Clough Global Equity Fund's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Clough Global Equity Fund Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:GLQ Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-10-31 6.21 5.40 3.58
2018-07-31 6.48 19.00 4.20
2018-04-30 6.74 32.60 4.81
2018-01-31 6.95 43.18 5.05
2017-10-31 7.15 53.77 5.29
2017-07-31 6.85 44.00 5.25
2017-04-30 6.54 34.23 5.21
2017-01-31 6.24 7.67 5.66
2016-10-31 5.94 -18.88 6.11
2016-07-31 5.72 -28.38 6.78
2016-04-30 5.51 -37.89 7.44
2016-01-31 5.42 -19.11 7.75
2015-10-31 5.34 -0.34 8.06
2014-10-31 6.01 1.69 7.30
2014-09-30 5.16 6.12 7.25
2014-06-30 5.33 20.84 7.23
2014-03-31 5.50 35.56 7.20
2013-12-31 6.20 51.50 6.98
2013-09-30 6.90 67.44 6.76
2013-06-30 7.83 53.89 6.50
2013-03-31 8.76 40.34 6.24
2012-12-31 9.67 41.67 6.15
2012-09-30 10.58 42.99 6.05
2012-06-30 11.83 13.20 6.02
2012-03-31 13.09 -16.60 5.99

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Clough Global Equity Fund has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Clough Global Equity Fund used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Clough Global Equity Fund has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Clough Global Equity Fund's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Clough Global Equity Fund has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GLQ Health

 How is Clough Global Equity Fund's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Clough Global Equity Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Clough Global Equity Fund is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Clough Global Equity Fund's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Clough Global Equity Fund's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Clough Global Equity Fund Company Filings, last reported 4 months ago.

AMEX:GLQ Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-10-31 149.38 85.00 9.87
2018-07-31 149.38 85.00 9.87
2018-04-30 159.21 85.00 4.26
2018-01-31 159.21 85.00 4.26
2017-10-31 255.87 113.00 1.32
2017-07-31 255.87 113.00 1.32
2017-04-30 241.62 113.00 2.41
2017-01-31 241.62 113.00 2.41
2016-10-31 224.19 113.00 1.97
2016-07-31 224.19 113.00 1.97
2016-04-30 229.33 156.00 1.78
2016-01-31 229.33 156.00 1.78
2015-10-31 266.58 156.00 4.46
2014-10-31 293.83 156.00 14.86
2014-09-30 290.25 156.00 15.59
2014-06-30 290.25 156.00 15.59
2014-03-31 305.96 156.00 3.82
2013-12-31 305.96 156.00 3.82
2013-09-30 311.33 147.00 2.66
2013-06-30 311.33 147.00 2.66
2013-03-31 296.71 147.00 0.01
2012-12-31 296.71 147.00 0.01
2012-09-30 264.58 147.00 0.05
2012-06-30 264.58 147.00 0.05
2012-03-31 277.06 147.00 0.40
  • Clough Global Equity Fund's level of debt (56.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (48.5% vs 56.9% today).
  • Debt is well covered by operating cash flow (174.6%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Clough Global Equity Fund's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Clough Global Equity Fund has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GLQ Dividends

 What is Clough Global Equity Fund's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
11.42%
Current annual income from Clough Global Equity Fund dividends.
If you bought $2,000 of Clough Global Equity Fund shares you are expected to receive $228 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Clough Global Equity Fund's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Clough Global Equity Fund's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:GLQ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AMEX:GLQ Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-11 1.434 11.138
2019-02-08 1.444 11.429
2019-01-11 1.466 12.102
2018-12-11 1.483 13.233
2018-11-09 1.494 12.048
2018-10-09 1.497 10.892
2018-09-10 1.487 9.969
2018-08-10 1.477 9.825
2018-07-10 1.465 9.936
2018-06-08 1.436 9.919
2018-05-11 1.412 10.131
2018-04-10 1.389 10.273
2018-03-09 1.362 10.069
2018-02-09 1.524 11.277
2018-01-12 1.310 9.464
2017-12-08 1.288 9.605
2017-11-10 1.264 9.523
2017-10-10 1.244 9.074
2017-09-08 1.224 9.084
2017-08-11 1.204 9.026
2017-05-08 1.187 9.211
2017-02-06 1.187 9.646
2016-11-07 1.187 10.710
2016-08-08 1.187 10.617
2016-05-06 1.380 12.757
2016-02-08 1.380 12.945
2015-11-05 1.380 11.553
2015-08-05 1.380 10.311
2015-05-08 1.380 9.206
2014-12-11 1.380 9.335
2014-10-07 1.260 8.940
2014-07-08 1.260 8.469
2014-04-07 1.260 8.288
2013-12-12 1.260 8.175
2013-10-08 1.160 7.728
2013-07-09 1.160 7.762
2013-04-02 1.160 7.833
2013-01-08 1.160 8.238
2012-10-05 1.160 9.171
2012-07-06 1.160 9.292
2012-04-03 1.160 9.500
2012-01-10 1.160 8.988
2011-10-05 1.160 9.664
2011-07-07 1.160 8.861
2011-04-06 1.160 7.814
2011-01-07 1.160 7.626
2010-09-29 1.160 7.849
2010-07-16 1.160 8.653
2010-06-07 1.080 8.467
2010-04-06 1.160 8.444
2010-01-06 1.160 8.224
2009-09-29 1.040 7.523
2009-07-10 0.960 7.355
2009-04-06 0.960 8.658
2009-03-26 1.240 12.414

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Clough Global Equity Fund's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Clough Global Equity Fund's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Clough Global Equity Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Clough Global Equity Fund has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GLQ Management

 What is the CEO of Clough Global Equity Fund's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ned Burke
COMPENSATION $0
AGE 57
CEO Bio

Mr. Edmund Joseph Burke, also known as Ned, serves as an Executive Vice President of DST Systems, Inc. Mr. Burke serves as Chief Executive Officer and has been its President of ALPS Holdings, Inc. since 2000. He has been the Chief Executive Officer of ALPS Funds Services, Inc. since 2005. Mr. Burke has been the President, Treasurer and Sole Trustee of ALPS Variable Insurance Trust since October 2007. He has been President at ALPS Mutual Funds Services, Inc. since 2004. Mr. Burke served as the President of ALPS Advisers, Inc. from 2001 to 2008. He served as the President of ALPS Funds Services, Inc since 2004. Mr. Burke served as the President at ALPS Financial Services, Inc. and ALPS Distributors, Inc. from 1991 to 2005. Since 1996, he served as an Executive Vice President of ALPS. Mr. Burke has been Director at ALPS Mutual Fund Services, Inc., since 2004, ALPS Advisers, Inc. since 2001 and ALPS Funds Services, Inc. since 2005. He serves as the Chairman and Director of ALPS Advisors, ALPS Distributors, ALPS Fund Services and FDI. Mr. Burke is President and Trustee of Clough Global Long/Short Fund, Clough Global Allocation Fund, Clough Global Equity Fund and Clough Global Opportunities Fund, Trustee of Liberty All-Star Equity Fund,Mr. Burke began his mutual fund career in 1984 at Fidelity. He holds a B.A. in Economics from the University of New Hampshire.

CEO Compensation
  • Insufficient data for Ned to compare compensation growth.
  • Insufficient data for Ned to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Ned Burke

TITLE
Chief Executive Officer
AGE
57

Jeremy May

TITLE
Principal Financial Officer
AGE
48

Ted Uhl

TITLE
Chief Compliance Officer
AGE
43

Erin Nelson

TITLE
Secretary
AGE
41

Jill Kerschen

TITLE
Assistant Treasurer
AGE
43

Chuck Clough

TITLE
Portfolio Manager
AGE
76

Robert Zdunczyk

TITLE
Portfolio Manager
Board of Directors Tenure

Average tenure and age of the Clough Global Equity Fund board of directors in years:

12.7
Average Tenure
75
Average Age
  • The average tenure for the Clough Global Equity Fund board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Robert Butler

TITLE
Chairman
COMPENSATION
$24K
AGE
77
TENURE
12.7 yrs

Ned Burke

TITLE
Chief Executive Officer
AGE
57
TENURE
12.7 yrs

Richard Rantzow

TITLE
Vice Chairman
COMPENSATION
$22K
AGE
80
TENURE
12.7 yrs

Adam Crescenzi

TITLE
COMPENSATION
$20K
AGE
76
TENURE
14.2 yrs

Jerry Rutledge

TITLE
COMPENSATION
$20K
AGE
74
TENURE
14.2 yrs

John Mee

TITLE
COMPENSATION
$20K
AGE
75
TENURE
14.2 yrs

Vincent Versaci

TITLE
COMPENSATION
$20K
AGE
47
TENURE
6 yrs
Who owns this company?
Recent Insider Trading
  • Clough Global Equity Fund insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
18. Mar 19 Sell Jerry Rutledge Individual 18. Mar 19 18. Mar 19 -262 $12.96 $-3,396
02. May 18 Buy Clifford Weber Individual 01. May 18 01. May 18 1,000 $13.31 $13,310
X
Management checks
We assess Clough Global Equity Fund's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Clough Global Equity Fund has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GLQ News

Simply Wall St News

GLQ Company Info

Description

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.

Details
Name: Clough Global Equity Fund
GLQ
Exchange: AMEX
Founded: 2005
$138,482,666
11,025,690
Website: http://
Address: Clough Global Equity Fund
One Post Office Square,
40th Floor,
Boston,
Massachusetts, 02109,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX GLQ Common Shares NYSE MKT LLC US USD 27. Apr 2005
Number of employees
Current staff
Staff numbers
0
Clough Global Equity Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/25 23:59
End of day share price update: 2019/03/25 00:00
Last earnings filing: 2019/01/07
Last earnings reported: 2018/10/31
Last annual earnings reported: 2018/10/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.