The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV – Get Free Report) insider Mario J. Gabelli sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $3.73, for a total transaction of $11,190.00. Following the completion of the sale, the insider now owns 1,089,000 shares in the company, valued at approximately $4,061,970. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
The Gabelli Convertible and Income Securities Fund Stock Down 1.1 %
The Gabelli Convertible and Income Securities Fund stock opened at $3.72 on Friday. The Gabelli Convertible and Income Securities Fund Inc. has a 12 month low of $3.15 and a 12 month high of $4.34. The business has a 50 day moving average price of $3.82 and a two-hundred day moving average price of $3.70.
The Gabelli Convertible and Income Securities Fund Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 16th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.48 annualized dividend and a dividend yield of 12.90%.
Institutional Trading of The Gabelli Convertible and Income Securities Fund
About The Gabelli Convertible and Income Securities Fund
The Gabelli Convertible and Income Securities Fund Inc is a closed-ended balanced mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity and fixed income markets. The fund seeks to invest in stocks of companies operating across diversified sectors.
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