GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Major Shareholder Saba Capital Management, L.P. Sells 33,712 Shares

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) major shareholder Saba Capital Management, L.P. sold 33,712 shares of the company’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $6.01, for a total transaction of $202,609.12. Following the transaction, the insider now owns 1,769,884 shares of the company’s stock, valued at approximately $10,637,002.84. This trade represents a 1.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 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 Tuesday, April 1st, Saba Capital Management, L.P. sold 2,581 shares of GAMCO Natural Resources, Gold & Income Trust stock. The stock was sold at an average price of $6.11, for a total value 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 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 stock was 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 shares were sold at an average price of $5.89, for a total value of $636.12.

GAMCO Natural Resources, Gold & Income Trust Stock Down 3.8 %

GAMCO Natural Resources, Gold & Income Trust stock opened at $5.33 on Tuesday. The company has a fifty day simple moving average of $5.86 and a 200-day simple moving average of $5.80. GAMCO Natural Resources, Gold & Income Trust has a 52-week low of $5.18 and a 52-week high of $6.16.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Tuesday, April 15th. This represents a $0.48 annualized dividend and a yield of 9.01%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GNT. Raymond James Financial Inc. purchased a new stake in shares of GAMCO Natural Resources, Gold & Income Trust in the fourth quarter valued at approximately $1,806,000. LPL Financial LLC grew its holdings in GAMCO Natural Resources, Gold & Income Trust by 1.9% in the 4th quarter. LPL Financial LLC now owns 182,274 shares of the investment management company’s stock valued at $964,000 after buying an additional 3,337 shares in the last quarter. PFG Investments LLC grew its holdings in GAMCO Natural Resources, Gold & Income Trust by 120.5% in the 4th quarter. PFG Investments LLC now owns 99,784 shares of the investment management company’s stock valued at $528,000 after buying an additional 54,526 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 59.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 45,651 shares of the investment management company’s stock worth $241,000 after acquiring an additional 16,974 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in shares of GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth $236,000.

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.