GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Major Shareholder Saba Capital Management, L.P. Sells 6,112 Shares

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) major shareholder Saba Capital Management, L.P. sold 6,112 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $5.89, for a total transaction of $35,999.68. Following the completion of the transaction, the insider now directly owns 1,806,177 shares of the company’s stock, valued at $10,638,382.53. This represents a 0.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 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 stock was 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 $5.91 on Wednesday. GAMCO Natural Resources, Gold & Income Trust has a 12-month low of $5.02 and a 12-month high of $6.16. The company has a 50 day moving average of $5.79 and a two-hundred day moving average of $5.78.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 15th will be given a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.48 dividend on an annualized basis and a yield of 8.12%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in GAMCO Natural Resources, Gold & Income Trust in the 4th quarter worth approximately $70,000. Alteri Wealth LLC purchased a new stake in GAMCO Natural Resources, Gold & Income Trust in the 4th quarter worth approximately $75,000. Samalin Investment Counsel LLC purchased a new stake in GAMCO Natural Resources, Gold & Income Trust in the 4th quarter worth approximately $93,000. Quarry LP purchased a new stake in GAMCO Natural Resources, Gold & Income Trust in the 3rd quarter worth approximately $151,000. Finally, Private Advisor Group LLC lifted its position in GAMCO Natural Resources, Gold & Income Trust by 14.6% in the 4th quarter. Private Advisor Group LLC now owns 31,538 shares of the investment management company’s stock worth $167,000 after buying an additional 4,017 shares in the last quarter.

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.