Insider Selling: GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Major Shareholder Sells 4,029 Shares of Stock

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNTGet Free Report) major shareholder Saba Capital Management, L.P. sold 4,029 shares of the firm’s stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $6.28, for a total value of $25,302.12. Following the sale, the insider now owns 1,706,949 shares in the company, valued at $10,719,639.72. This trade represents a 0.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Tuesday, June 24th, Saba Capital Management, L.P. sold 1,875 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $6.28, for a total value of $11,775.00.
  • On Monday, June 23rd, Saba Capital Management, L.P. sold 4,497 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $6.45, for a total value of $29,005.65.
  • On Friday, June 20th, Saba Capital Management, L.P. sold 12,616 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $6.47, for a total value of $81,625.52.
  • On Wednesday, June 18th, Saba Capital Management, L.P. sold 2,172 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $6.50, for a total value of $14,118.00.
  • On Tuesday, June 17th, Saba Capital Management, L.P. sold 4,607 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $6.55, for a total value of $30,175.85.
  • On Monday, June 16th, Saba Capital Management, L.P. sold 9,080 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $6.52, for a total value of $59,201.60.
  • On Wednesday, April 16th, Saba Capital Management, L.P. sold 24,059 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $6.10, for a total value of $146,759.90.
  • On Thursday, April 3rd, Saba Capital Management, L.P. sold 33,712 shares of GAMCO Natural Resources, Gold & Income Trust stock. The shares were sold at an average price of $6.01, for a total value of $202,609.12.
  • On Tuesday, April 1st, Saba Capital Management, L.P. sold 2,581 shares of GAMCO Natural Resources, Gold & Income Trust stock. The shares were sold at an average price of $6.11, for a total value of $15,769.91.

GAMCO Natural Resources, Gold & Income Trust Trading Down 1.5%

Shares of GAMCO Natural Resources, Gold & Income Trust stock opened at $6.23 on Friday. GAMCO Natural Resources, Gold & Income Trust has a twelve month low of $5.02 and a twelve month high of $6.62. The business’s fifty day moving average price is $6.19 and its 200 day moving average price is $5.90.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Tuesday, September 16th will be issued a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 7.71%. The ex-dividend date of this dividend is Tuesday, September 16th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GNT. Raymond James Financial Inc. acquired a new position in GAMCO Natural Resources, Gold & Income Trust in the fourth quarter valued at $1,806,000. Sit Investment Associates Inc. boosted its holdings in GAMCO Natural Resources, Gold & Income Trust by 42.4% in the first quarter. Sit Investment Associates Inc. now owns 172,507 shares of the investment management company’s stock valued at $1,051,000 after acquiring an additional 51,332 shares during the last quarter. Samalin Investment Counsel LLC boosted its holdings in GAMCO Natural Resources, Gold & Income Trust by 199.4% in the first quarter. Samalin Investment Counsel LLC now owns 52,389 shares of the investment management company’s stock valued at $319,000 after acquiring an additional 34,889 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 109.4% during the first quarter. Private Advisor Group LLC now owns 66,038 shares of the investment management company’s stock worth $402,000 after purchasing an additional 34,500 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 67.4% during the first quarter. Janney Montgomery Scott LLC now owns 76,416 shares of the investment management company’s stock worth $465,000 after purchasing an additional 30,765 shares in the last quarter.

GAMCO Natural Resources, Gold & Income Trust Company Profile

(Get Free Report)

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.

Recommended Stories

Insider Buying and Selling by Quarter for GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT)

Receive News & Ratings for GAMCO Natural Resources Gold & Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GAMCO Natural Resources Gold & Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.