Insider Selling: GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Major Shareholder Sells 2,581 Shares of Stock

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) major shareholder Saba Capital Management, L.P. sold 2,581 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $6.11, for a total transaction of $15,769.91. Following the transaction, the insider now directly owns 1,803,596 shares of the company’s stock, valued at $11,019,971.56. This trade represents a 0.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major 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 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 value 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 shares were sold at an average price of $5.80, for a total value 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 value of $636.12.

GAMCO Natural Resources, Gold & Income Trust Trading Down 1.0 %

GNT traded down $0.06 during trading hours on Thursday, hitting $6.03. The company’s stock had a trading volume of 221,013 shares, compared to its average volume of 41,530. The business’s 50-day moving average price is $5.86 and its 200-day moving average price is $5.80. GAMCO Natural Resources, Gold & Income Trust has a 12 month low of $5.19 and a 12 month high of $6.16.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The firm 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. This represents a $0.48 annualized dividend and a dividend yield of 7.96%. The ex-dividend date of this dividend is Tuesday, April 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GNT. Chevy Chase Trust Holdings LLC bought a new stake in GAMCO Natural Resources, Gold & Income Trust in the third quarter worth $176,000. Quarry LP purchased a new stake in shares of GAMCO Natural Resources, Gold & Income Trust in the third quarter valued at $151,000. Janney Montgomery Scott LLC lifted its holdings in shares of GAMCO Natural Resources, Gold & Income Trust by 59.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 45,651 shares of the investment management company’s stock worth $241,000 after acquiring an additional 16,974 shares during the last quarter. RFG Advisory LLC purchased a new position in shares of GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth about $170,000. Finally, PFG Investments LLC grew its holdings in GAMCO Natural Resources, Gold & Income Trust by 120.5% during the 4th quarter. PFG Investments LLC now owns 99,784 shares of the investment management company’s stock valued at $528,000 after purchasing an additional 54,526 shares during 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.