AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
GABELLI CONVERTIBLE & INCOME SECURITIES FUND INC Announces Share Sale by Mario J. GABELLI.
ByAinvest
Tuesday, Jul 15, 2025 12:12 pm ET1min read
Gabelli Convertible & Income Securities Fund Inc. [GCV] recently announced that Mario J. Gabelli, a fund manager, sold 3,100 shares of the company at a price of $3.86 per share on July 11, 2025.
Gabelli Convertible & Income Securities Fund Inc. [GCV] recently experienced a notable insider transaction when Mario J. Gabelli, a fund manager, sold 3,100 shares of the company at a price of $3.86 per share on July 11, 2025. This sale, which amounted to a total transaction value of $11,970, comes amid positive performance indicators for the fund [1].Following the sale, Gabelli's indirect ownership through Associated Capital Group Inc. (NYSE: AC) and other entities remains significant. The fund's market capitalization stands at $76.4 million, with historically low price volatility (Beta of 0.87), indicating a stable profile in the market [1].
Gabelli Convertible & Income Securities Fund Inc. shares have also shown recent positive movement, crossing above their 50-day moving average during trading on July 11, 2025. The stock traded as high as $3.87, with a volume of 62,895 shares trading hands [2]. Additionally, the fund recently announced a quarterly dividend, paying shareholders a $0.12 dividend on an annualized basis and a dividend yield of 12.47% [2].
Institutional investors and hedge funds have also shown interest in the fund. Several entities, including Mallini Complete Financial Planning LLC and PNC Financial Services Group Inc., have increased their holdings in the second and first quarters of 2025, respectively [2]. This increase in institutional ownership signals confidence in the fund's prospects.
Despite the positive indicators, it is essential for investors to consider the fund's performance relative to its peers and the broader market. While the fund has shown promise, it is crucial to conduct thorough research and consult with financial advisors before making investment decisions.
References:
[1] https://www.investing.com/news/insider-trading-news/gabelli-sells-gabelli-convertible-gcv-shares-worth-11970-93CH-4136290
[2] https://www.marketbeat.com/instant-alerts/gabelli-convertible-income-securities-fund-nysegcv-shares-pass-above-50-day-moving-average-time-to-sell-2025-07-11/
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet