GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Major Shareholder Sells $15,769.91 in Stock

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) major shareholder Saba Capital Management, L.P. sold 2,581 shares of GAMCO Natural Resources, Gold & Income Trust stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $6.11, for a total value of $15,769.91. Following the transaction, the insider now owns 1,803,596 shares in the company, valued at $11,019,971.56. This trade represents a 0.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own 10% or more 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, 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 value 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 value 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 Price Performance

NYSE:GNT traded down $0.06 during trading hours on Thursday, hitting $6.03. 221,013 shares of the stock traded hands, compared to its average volume of 41,530. GAMCO Natural Resources, Gold & Income Trust has a 1 year low of $5.19 and a 1 year high of $6.16. The stock has a 50 day moving average price of $5.86 and a 200 day moving average price of $5.80.

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 paid a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.96%. 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 institutional investors have recently bought and sold shares of GNT. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of GAMCO Natural Resources, Gold & Income Trust in the fourth quarter worth about $70,000. Alteri Wealth LLC bought a new stake in GAMCO Natural Resources, Gold & Income Trust during the 4th quarter valued at approximately $75,000. Samalin Investment Counsel LLC purchased a new position in GAMCO Natural Resources, Gold & Income Trust in the 4th quarter worth approximately $93,000. Quarry LP bought a new position in GAMCO Natural Resources, Gold & Income Trust in the 3rd quarter worth approximately $151,000. Finally, Private Advisor Group LLC grew its holdings 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 valued at $167,000 after buying an additional 4,017 shares in the last quarter.

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.