GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT - Get Free Report) major shareholder Saba Capital Management, L.P. sold 14,415 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $5.80, for a total transaction of $83,607.00. Following the completion of the transaction, the insider now directly owns 1,812,289 shares in the company, valued at $10,511,276.20. The trade was a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Friday, February 28th, Saba Capital Management, L.P. sold 108 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $5.89, for a total transaction of $636.12.
GAMCO Natural Resources, Gold & Income Trust Price Performance
GAMCO Natural Resources, Gold & Income Trust stock opened at $5.80 on Friday. GAMCO Natural Resources, Gold & Income Trust has a twelve month low of $5.02 and a twelve month high of $6.16. The company's 50-day moving average price is $5.70 and its two-hundred day moving average price is $5.78.
GAMCO Natural Resources, Gold & Income Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, June 13th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.28%.
Institutional Trading of GAMCO Natural Resources, Gold & Income Trust
Institutional investors have recently added to or reduced their stakes in the company. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth $70,000. Stephens Inc. AR grew its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 21.9% in the third quarter. Stephens Inc. AR now owns 13,210 shares of the investment management company's stock valued at $78,000 after acquiring an additional 2,375 shares in the last quarter. Alteri Wealth LLC bought a new position in GAMCO Natural Resources, Gold & Income Trust during the fourth quarter worth about $75,000. Samalin Investment Counsel LLC acquired a new stake in GAMCO Natural Resources, Gold & Income Trust in the 4th quarter worth about $93,000. Finally, Quarry LP acquired a new stake in GAMCO Natural Resources, Gold & Income Trust in the 3rd quarter worth about $151,000.
About GAMCO Natural Resources, Gold & Income Trust
(
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GAMCO Natural Resources, Gold & Income Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets across the globe. The fund invests in securities of companies principally engaged in natural resource and gold industries and by writing covered call options on the underlying equity securities.
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