Saba Capital Management, L.P. Sells 1,875 Shares of GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Stock

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNTGet Free Report) major shareholder Saba Capital Management, L.P. sold 1,875 shares of the firm’s stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $6.28, for a total transaction of $11,775.00. Following the completion of the sale, the insider now owns 1,710,978 shares of the company’s stock, valued at $10,744,941.84. This trade represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, June 25th, Saba Capital Management, L.P. sold 4,029 shares of GAMCO Natural Resources, Gold & Income Trust stock. The shares were sold at an average price of $6.28, for a total transaction of $25,302.12.
  • On Monday, June 23rd, Saba Capital Management, L.P. sold 4,497 shares of GAMCO Natural Resources, Gold & Income Trust stock. The shares were sold at an average price of $6.45, for a total transaction 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 shares were sold at an average price of $6.47, for a total transaction 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 shares were sold at an average price of $6.50, for a total transaction 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 shares were sold at an average price of $6.55, for a total transaction 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 shares were sold at an average price of $6.52, for a total transaction 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 shares were sold at an average price of $6.10, for a total transaction 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 transaction 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 transaction of $15,769.91.

GAMCO Natural Resources, Gold & Income Trust Price Performance

Shares of GNT opened at $6.23 on Friday. The firm has a 50 day moving average of $6.19 and a 200 day moving average of $5.90. GAMCO Natural Resources, Gold & Income Trust has a twelve month low of $5.02 and a twelve month high of $6.62.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

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

Institutional Investors Weigh In On GAMCO Natural Resources, Gold & Income Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC increased its position in shares of GAMCO Natural Resources, Gold & Income Trust by 14.6% during the fourth quarter. Private Advisor Group LLC now owns 31,538 shares of the investment management company’s stock valued at $167,000 after acquiring an additional 4,017 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of GAMCO Natural Resources, Gold & Income Trust during the fourth quarter valued at approximately $1,806,000. Samalin Investment Counsel LLC bought a new stake in shares of GAMCO Natural Resources, Gold & Income Trust during the fourth quarter valued at approximately $93,000. LPL Financial LLC increased its position in shares of GAMCO Natural Resources, Gold & Income Trust by 1.9% during the fourth quarter. LPL Financial LLC now owns 182,274 shares of the investment management company’s stock valued at $964,000 after acquiring an additional 3,337 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of GAMCO Natural Resources, Gold & Income Trust during the fourth quarter valued at approximately $70,000.

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.

Further Reading

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

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