GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Major Shareholder Sells $146,759.90 in Stock

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) major shareholder Saba Capital Management, L.P. sold 24,059 shares of the business’s stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $6.10, for a total transaction of $146,759.90. Following the transaction, the insider now directly owns 1,745,825 shares of the company’s stock, valued at approximately $10,649,532.50. This represents a 1.36 % 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 at least 10% 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 Thursday, April 3rd, Saba Capital Management, L.P. sold 33,712 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $6.01, for a total value of $202,609.12.
• On Tuesday, April 1st, Saba Capital Management, L.P. sold 2,581 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $6.11, for a total value of $15,769.91.
• 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 shares were 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

Shares of GNT opened at $5.99 on Friday. The stock’s 50-day moving average price is $5.85 and its 200 day moving average price is $5.78. GAMCO Natural Resources, Gold & Income Trust has a 12-month low of $5.02 and a 12-month 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. Investors of record on Tuesday, April 15th will be given a $0.04 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.48 annualized dividend and a yield of 8.02%.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in GAMCO Natural Resources, Gold & Income Trust in the fourth quarter valued at about $1,806,000. LPL Financial LLC raised its holdings in shares of GAMCO Natural Resources, Gold & Income Trust by 1.9% in the 4th quarter. LPL Financial LLC now owns 182,274 shares of the investment management company’s stock worth $964,000 after buying an additional 3,337 shares in the last quarter. PFG Investments LLC lifted its position in shares of 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 worth $528,000 after buying an additional 54,526 shares during the period. Janney Montgomery Scott LLC boosted its stake in GAMCO Natural Resources, Gold & Income Trust by 67.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 76,416 shares of the investment management company’s stock valued at $465,000 after buying an additional 30,765 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in GAMCO Natural Resources, Gold & Income Trust in the fourth quarter valued at $236,000.

About GAMCO Natural Resources, Gold & Income Trust

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.