GDL Fund (GDL) Earning Somewhat Positive Media Coverage, Study Shows

Media coverage about GDL Fund (NYSE:GDL) has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. GDL Fund earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave news headlines about the investment management company an impact score of 45.7715184989344 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of GDL Fund (GDL) traded up $0.03 on Monday, reaching $9.60. 22,014 shares of the company’s stock traded hands, compared to its average volume of 59,525. GDL Fund has a 52 week low of $9.32 and a 52 week high of $10.38.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.40 annualized dividend and a yield of 4.17%.

In other news, insider Mario J. Gabelli purchased 18,658 shares of the stock in a transaction dated Tuesday, February 20th. The shares were purchased at an average price of $9.69 per share, with a total value of $180,796.02. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Mario J. Gabelli purchased 9,000 shares of the stock in a transaction dated Tuesday, January 16th. The shares were purchased at an average cost of $9.91 per share, for a total transaction of $89,190.00. The disclosure for this purchase can be found here.

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GDL Fund Company Profile

The GDL Fund (the Fund) is a diversified closed-end management investment fund. The Fund’s primary investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. The Fund will seek to achieve its objective by investing primarily in merger arbitrage transactions and, to a lesser extent, in corporate reorganizations involving stubs, spin-offs, and liquidations.

Insider Buying and Selling by Quarter for GDL Fund (NYSE:GDL)

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