On December 6, 2024, Daniel Cronin, a Director at Western Asset Managed Municipals Fd Inc (MMU, Financial), sold 4,340 shares of the company. Following this transaction, the insider now owns 4,647.554 shares. The details of this transaction can be found in the SEC Filing.
Western Asset Managed Municipals Fd Inc (MMU) is a closed-end management investment company. The company primarily invests in municipal securities that are exempt from federal income taxes. The fund aims to provide current income and capital appreciation through its diversified portfolio.
Over the past year, Daniel Cronin has sold a total of 4,340 shares and has not purchased any shares. The insider transaction history for Western Asset Managed Municipals Fd Inc indicates that there have been no insider buys and one insider sell over the same period.
On the day of the recent transaction, shares of Western Asset Managed Municipals Fd Inc were trading at $10.54 each, giving the stock a market cap of $577.594 million. The company's price-earnings ratio stands at 28.35, which is higher than the industry median of 11.115 and also higher than the company’s historical median price-earnings ratio.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
