On October 23, 2023, Saba Capital Management, L.P. (Trades, Portfolio), a New York-based investment firm, added 34,913 shares of ClearBridge Energy Midstream Opportunity Fund Inc (EMO, Financial) to its portfolio. The shares were acquired at a price of $31.25 per share, bringing the firm's total holdings in EMO to 2,671,444 shares. This transaction represents a 1.32% change in shares and has a 0.03% impact on the firm's portfolio. The firm now holds a 20.89% stake in EMO, making it a significant part of its investment strategy.
About Saba Capital Management, L.P. (Trades, Portfolio)
Saba Capital Management, L.P. (Trades, Portfolio) is an investment firm located at 405 Lexington Avenue, New York, NY 10174. The firm manages a diverse portfolio of 624 stocks, with a total equity of $3.84 billion. Its top holdings include Templeton Global Income Fund(GIM, Financial), BlackRock Capital Allocation Trust(BCAT, Financial), BlackRock Health Sciences Trust II(BMEZ, Financial), BlackRock Innovation & Growth Tr(BIGZ, Financial), and BlackRock ESG Capital Allocation Trust(ECAT, Financial). The firm primarily focuses on the Financial Services and Technology sectors. 
ClearBridge Energy Midstream Opportunity Fund Inc: A Brief Overview
ClearBridge Energy Midstream Opportunity Fund Inc (EMO, Financial) is a non-diversified, closed-end management investment company based in the USA. The company, which operates as a single segment, aims to provide long-term investors with a high level of total return with an emphasis on cash distributions. EMO went public on June 10, 2011. The company's current stock price is $31.31, with a market capitalization of $400.370 million. 
Financial Performance of ClearBridge Energy Midstream Opportunity Fund Inc
EMO's financial performance is evaluated using various indicators. The company's PE Percentage is currently at 0.00, indicating that the company is at a loss. The GF Valuation, which is based on the relationship between the current stock price and the GF Value, is not available due to insufficient data. The company's GF Score is 41/100, suggesting a poor future performance potential. Since its IPO, the company's stock price has decreased by 66.89%, but it has seen a year-to-date increase of 13.48%.
Evaluating ClearBridge Energy Midstream Opportunity Fund Inc's Financial Health
EMO's financial health is assessed using various metrics. The company's Balance Sheet Rank is 5/10, and its Profitability Rank is 2/10. Its Growth Rank and GF Value Rank are both at 0/10, indicating a lack of growth and value. However, its Momentum Rank is 10/10, suggesting strong momentum. The company's Piotroski F-Score is 4, and its Altman Z Score is 0.00, indicating financial instability. The company's Cash to Debt ratio is also at 0.00, further highlighting its financial challenges.
ClearBridge Energy Midstream Opportunity Fund Inc's Growth and Momentum
EMO's growth and momentum are evaluated using various metrics. The company's Gross Margin Growth and Operating Margin Growth are both at 0.00, indicating a lack of growth. Its 3-year Revenue, EBITDA, and Earning Growth are also at 0.00, further highlighting its lack of growth. The company's RSI 5 Day is 34.83, its RSI 9 Day is 44.02, and its RSI 14 Day is 46.78. Its Momentum Index 6 - 1 Month is 13.43, and its Momentum Index 12 - 1 Month is 14.03.
Conclusion
In conclusion, Saba Capital Management, L.P. (Trades, Portfolio)'s recent acquisition of EMO shares represents a significant addition to its portfolio. Despite EMO's financial challenges and lack of growth, the firm's investment suggests a belief in the company's potential. However, investors should carefully consider the company's financial health and performance indicators before making investment decisions.
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.
