GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Major Shareholder Sells $83,246.79 in Stock

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) major shareholder Saba Capital Management, L.P. sold 13,277 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $6.27, for a total transaction of $83,246.79. Following the completion of the transaction, the insider owned 1,693,672 shares of the company’s stock, valued at $10,619,323.44. This represents a 0.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 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 Wednesday, June 25th, Saba Capital Management, L.P. sold 4,029 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $6.28, for a total transaction of $25,302.12.
• On Tuesday, June 24th, Saba Capital Management, L.P. sold 1,875 shares of GAMCO Natural Resources, Gold & Income Trust stock. The shares were sold at an average price of $6.28, for a total transaction of $11,775.00.
• On Monday, June 23rd, Saba Capital Management, L.P. sold 4,497 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $6.45, for a total value of $29,005.65.
• On Friday, June 20th, Saba Capital Management, L.P. sold 12,616 shares of GAMCO Natural Resources, Gold & Income Trust stock. The shares were sold at an average price of $6.47, for a total value of $81,625.52.
• On Wednesday, June 18th, Saba Capital Management, L.P. sold 2,172 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $6.50, for a total value of $14,118.00.
• On Tuesday, June 17th, Saba Capital Management, L.P. sold 4,607 shares of GAMCO Natural Resources, Gold & Income Trust stock. The shares were sold at an average price of $6.55, for a total value of $30,175.85.
• On Monday, June 16th, Saba Capital Management, L.P. sold 9,080 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $6.52, for a total value of $59,201.60.
• On Wednesday, April 16th, Saba Capital Management, L.P. sold 24,059 shares of GAMCO Natural Resources, Gold & Income Trust stock. The shares were sold at an average price of $6.10, for a total transaction of $146,759.90.
• 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 transaction 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 shares were sold at an average price of $6.11, for a total transaction of $15,769.91.

GAMCO Natural Resources, Gold & Income Trust Stock Performance

Shares of GAMCO Natural Resources, Gold & Income Trust stock opened at $6.49 on Thursday. GAMCO Natural Resources, Gold & Income Trust has a 1 year low of $5.02 and a 1 year high of $6.62. The business has a 50 day moving average price of $6.22 and a 200 day moving average price of $5.91.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 7.40%. The ex-dividend date is Tuesday, September 16th.

Hedge Funds Weigh In On GAMCO Natural Resources, Gold & Income Trust

A number of institutional investors have recently made changes to their positions in GNT. Raymond James Financial Inc. acquired a new stake in shares of GAMCO Natural Resources, Gold & Income Trust during the fourth quarter valued at $1,806,000. LPL Financial LLC boosted its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 1.9% during the 4th quarter. LPL Financial LLC now owns 182,274 shares of the investment management company’s stock worth $964,000 after purchasing an additional 3,337 shares during the last quarter. Sit Investment Associates Inc. boosted its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 42.4% during the 1st quarter. Sit Investment Associates Inc. now owns 172,507 shares of the investment management company’s stock worth $1,051,000 after purchasing an additional 51,332 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of GAMCO Natural Resources, Gold & Income Trust by 67.4% during the first quarter. Janney Montgomery Scott LLC now owns 76,416 shares of the investment management company’s stock worth $465,000 after buying an additional 30,765 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in shares of GAMCO Natural Resources, Gold & Income Trust by 109.4% in the first quarter. Private Advisor Group LLC now owns 66,038 shares of the investment management company’s stock valued at $402,000 after buying an additional 34,500 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.