The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) Insider Sells $32,600.00 in Stock

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) insider Mario J. Gabelli sold 5,000 shares of The Gabelli Convertible and Income Securities Fund stock in a transaction that occurred on Monday, January 10th. The shares were sold at an average price of $6.52, for a total transaction of $32,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NYSE:GCV opened at $6.42 on Friday. The company’s 50 day moving average is $6.65 and its 200-day moving average is $6.51. The Gabelli Convertible and Income Securities Fund Inc. has a 12 month low of $5.76 and a 12 month high of $7.21.

The business also recently disclosed a — dividend, which was paid on Thursday, January 6th. Stockholders of record on Thursday, December 30th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, December 29th. This represents a dividend yield of 9.9%.

Institutional investors have recently made changes to their positions in the company. Private Advisor Group LLC boosted its stake in The Gabelli Convertible and Income Securities Fund by 22.8% during the third quarter. Private Advisor Group LLC now owns 24,200 shares of the investment management company’s stock worth $147,000 after buying an additional 4,500 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in The Gabelli Convertible and Income Securities Fund during the third quarter worth $35,000. Janney Montgomery Scott LLC boosted its stake in The Gabelli Convertible and Income Securities Fund by 13.9% during the third quarter. Janney Montgomery Scott LLC now owns 28,047 shares of the investment management company’s stock worth $171,000 after buying an additional 3,432 shares in the last quarter. Morgan Stanley boosted its stake in The Gabelli Convertible and Income Securities Fund by 24.8% during the second quarter. Morgan Stanley now owns 785,723 shares of the investment management company’s stock worth $5,178,000 after buying an additional 156,151 shares in the last quarter. Finally, Claraphi Advisory Network LLC boosted its stake in The Gabelli Convertible and Income Securities Fund by 24.3% during the second quarter. Claraphi Advisory Network LLC now owns 37,600 shares of the investment management company’s stock worth $248,000 after buying an additional 7,350 shares in the last quarter. Institutional investors and hedge funds own 11.97% of the company’s stock.

The Gabelli Convertible and Income Securities Fund Company Profile

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.

Recommended Story: How Does the Quiet Period Work?

Receive News & Ratings for The Gabelli Convertible and Income Securities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Gabelli Convertible and Income Securities Fund and related companies with MarketBeat.com's FREE daily email newsletter.