GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Major Shareholder Saba Capital Management, L.P. Sells 24,059 Shares

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) major shareholder Saba Capital Management, L.P. sold 24,059 shares of the company’s stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $6.10, for a total value of $146,759.90. Following the completion of the sale, the insider now directly owns 1,745,825 shares of the company’s stock, valued at $10,649,532.50. The trade was a 1.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 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 shares were sold at an average price of $6.11, for a total transaction 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 shares were 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 stock was 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 GAMCO Natural Resources, Gold & Income Trust stock opened at $5.99 on Friday. GAMCO Natural Resources, Gold & Income Trust has a 1-year low of $5.02 and a 1-year high of $6.16. The business has a 50-day moving average of $5.85 and a 200-day moving average of $5.78.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.48 annualized dividend and a yield of 8.02%.

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. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of GAMCO Natural Resources, Gold & Income Trust in the fourth quarter worth $70,000. Alteri Wealth LLC acquired a new position in GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth $75,000. Samalin Investment Counsel LLC acquired a new position in GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth $93,000. Private Advisor Group LLC increased its position in shares of GAMCO Natural Resources, Gold & Income Trust by 14.6% in the 4th quarter. Private Advisor Group LLC now owns 31,538 shares of the investment management company’s stock worth $167,000 after purchasing an additional 4,017 shares during the last quarter. Finally, RFG Advisory LLC acquired a new stake in shares of GAMCO Natural Resources, Gold & Income Trust in the 4th quarter valued at about $170,000.

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.