GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Major Shareholder Sells $15,769.91 in Stock

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) major shareholder Saba Capital Management, L.P. sold 2,581 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $6.11, for a total value of $15,769.91. Following the completion of the sale, the insider now owns 1,803,596 shares of the company’s stock, valued at approximately $11,019,971.56. This trade represents a 0.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 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 Thursday, March 13th, Saba Capital Management, L.P. sold 6,112 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 $35,999.68.
• On Wednesday, March 5th, Saba Capital Management, L.P. sold 14,415 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $5.80, for a total transaction of $83,607.00.
• On Friday, February 28th, Saba Capital Management, L.P. sold 108 shares of GAMCO Natural Resources, Gold & Income Trust stock. The shares were sold at an average price of $5.89, for a total transaction of $636.12.

GAMCO Natural Resources, Gold & Income Trust Stock Performance

GNT stock opened at $5.54 on Friday. The company has a 50 day moving average price of $5.86 and a 200 day moving average price of $5.80. GAMCO Natural Resources, Gold & Income Trust has a fifty-two week low of $5.19 and a fifty-two week high of $6.16.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.66%.

Hedge Funds Weigh In On GAMCO Natural Resources, Gold & Income Trust

Several large investors have recently made changes to their positions in the company. Alteri Wealth LLC bought a new stake in GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth about $75,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth approximately $70,000. Raymond James Financial Inc. bought a new stake in shares of GAMCO Natural Resources, Gold & Income Trust during the fourth quarter worth approximately $1,806,000. LPL Financial LLC lifted its holdings in GAMCO Natural Resources, Gold & Income Trust by 1.9% in the fourth quarter. LPL Financial LLC now owns 182,274 shares of the investment management company’s stock valued at $964,000 after buying an additional 3,337 shares during the period. Finally, Samalin Investment Counsel LLC acquired a new position in GAMCO Natural Resources, Gold & Income Trust in the fourth quarter valued at approximately $93,000.

GAMCO Natural Resources, Gold & Income Trust Company Profile

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.