The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV - Get Free Report) insider Mario J. Gabelli sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $3.73, for a total transaction of $11,190.00. Following the completion of the transaction, the insider now owns 1,089,000 shares in the company, valued at approximately $4,061,970. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
The Gabelli Convertible and Income Securities Fund Trading Up 0.3 %
NYSE GCV opened at $3.75 on Thursday. The Gabelli Convertible and Income Securities Fund Inc. has a one year low of $3.15 and a one year high of $4.34. The stock has a 50-day moving average of $3.82 and a 200 day moving average of $3.70.
The Gabelli Convertible and Income Securities Fund Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 16th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 12.80%. The ex-dividend date was Monday, September 16th.
Institutional Trading of The Gabelli Convertible and Income Securities Fund
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GCV. Cornerstone Advisors LLC raised its position in shares of The Gabelli Convertible and Income Securities Fund by 53.0% during the 1st quarter. Cornerstone Advisors LLC now owns 25,697 shares of the investment management company's stock valued at $95,000 after purchasing an additional 8,897 shares during the period. Virtu Financial LLC purchased a new stake in The Gabelli Convertible and Income Securities Fund in the 4th quarter worth $225,000. Janney Montgomery Scott LLC raised its holdings in The Gabelli Convertible and Income Securities Fund by 91.7% during the first quarter. Janney Montgomery Scott LLC now owns 24,248 shares of the investment management company's stock valued at $90,000 after acquiring an additional 11,597 shares during the period. M&R Capital Management Inc. lifted its position in shares of The Gabelli Convertible and Income Securities Fund by 316.9% in the third quarter. M&R Capital Management Inc. now owns 7,767 shares of the investment management company's stock valued at $29,000 after acquiring an additional 5,904 shares in the last quarter. Finally, Hoylecohen LLC purchased a new position in shares of The Gabelli Convertible and Income Securities Fund in the second quarter valued at about $128,000. 23.40% of the stock is owned by hedge funds and other institutional investors.
The Gabelli Convertible and Income Securities Fund Company Profile
(
Get Free Report)
The Gabelli Convertible and Income Securities Fund Inc is a closed-ended balanced mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity and fixed income markets. The fund seeks to invest in stocks of companies operating across diversified sectors.
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