GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Major Shareholder Saba Capital Management, L.P. Sells 6,112 Shares

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) major shareholder Saba Capital Management, L.P. sold 6,112 shares of GAMCO Natural Resources, Gold & Income Trust stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $5.89, for a total transaction of $35,999.68. Following the completion of the transaction, the insider now directly owns 1,806,177 shares in the company, valued at $10,638,382.53. This represents a 0.34 % decrease in their position. The sale was disclosed in a legal 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 transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Wednesday, March 5th, Saba Capital Management, L.P. sold 14,415 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was 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 value of $636.12.

GAMCO Natural Resources, Gold & Income Trust Trading Up 0.5 %

Shares of NYSE GNT traded up $0.03 during mid-day trading on Monday, hitting $5.90. 71,630 shares of the company traded hands, compared to its average volume of 40,557. 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 $5.77 and a two-hundred day moving average of $5.78.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 15th will be issued a $0.04 dividend. This represents a $0.48 annualized dividend and a dividend yield of 8.14%. The ex-dividend date of this dividend is Tuesday, April 15th.

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

A number of large investors have recently made changes to their positions in GNT. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth approximately $70,000. Alteri Wealth LLC purchased a new position in shares of GAMCO Natural Resources, Gold & Income Trust during the fourth quarter valued at $75,000. Samalin Investment Counsel LLC acquired a new position in GAMCO Natural Resources, Gold & Income Trust during the fourth quarter valued at $93,000. Quarry LP purchased a new stake in GAMCO Natural Resources, Gold & Income Trust in the 3rd quarter worth about $151,000. Finally, Private Advisor Group LLC boosted its position in GAMCO Natural Resources, Gold & Income Trust by 14.6% during the 4th quarter. Private Advisor Group LLC now owns 31,538 shares of the investment management company’s stock worth $167,000 after acquiring an additional 4,017 shares during the period.

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.