The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV – Get Free Report) insider Mario J. Gabelli sold 3,000 shares of The Gabelli Convertible and Income Securities Fund stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $3.73, for a total value of $11,190.00. Following the completion of the transaction, the insider now owns 1,089,000 shares in the company, valued at approximately $4,061,970. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.
The Gabelli Convertible and Income Securities Fund Stock Performance
GCV stock opened at $3.75 on Thursday. The firm’s 50-day moving average price is $3.82 and its two-hundred day moving average price is $3.70. 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 Gabelli Convertible and Income Securities Fund Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 16th were given a $0.12 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.48 annualized dividend and a dividend yield of 12.80%.
Hedge Funds Weigh In On 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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