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GABELLI MULTIMEDIA TRUST INC. Director Buys 152 Shares at $4.24/Share.
ByAinvest
Thursday, Sep 4, 2025 3:43 pm ET1min read
GABELLI MULTIMEDIA TRUST INC.[GGT] has announced that Director, Other GABELLI MARIO J has acquired 152 shares at a price of $4.24 per share on September 2, 2025.
Gabelli Multimedia Trust Inc. [GGT] has recently seen a significant acquisition of shares by its director, Mario J. On September 2, 2025, Mario J purchased 152 shares at a price of $4.24 per share. This transaction underscores the ongoing interest in the financial services provider among its key personnel.The stock price of Gabelli Multimedia Trust Inc. [GGT] has been volatile in recent quarters, with the stock currently trading at $4.27. The stock has a one-year range between $3.75 and $5.15, indicating a potential for further price movements. Despite this volatility, the stock has seen a steady stream of institutional and individual investor interest, with various hedge funds and advisors adjusting their positions in the stock.
In the first quarter of 2025, Quarry LP reduced its holdings in Gabelli Multimedia Trust Inc. [GGT] by 70.5%, selling 134,231 shares. Despite this reduction, the fund still owns 56,206 shares of the stock, representing 0.17% of the company's total shares. Other notable hedge funds have also shown interest in the stock, with Jane Street Group LLC, Citadel Advisors LLC, Wealth Enhancement Advisory Services LLC, Kestra Private Wealth Services LLC, and Avantax Advisory Services Inc. all making significant adjustments to their positions in the stock.
Gabelli Multimedia Trust Inc. [GGT] recently declared a monthly dividend, which will be paid on November 20, 2025. Shareholders of record on November 13, 2025, will receive a $0.07 dividend per share, representing an annualized dividend and a yield of 19.7%. The ex-dividend date for this dividend is November 13, 2025.
The company is a closed-ended equity mutual fund managed by Gabelli Funds LLC, investing in public equity markets across the globe. It focuses on stocks, convertible securities, preferred stock, options, and warrants of companies operating in the global telecommunications, media, publishing, and entertainment industries.
Reference List:
[1] https://www.marketbeat.com/instant-alerts/filing-quarry-lp-sells-134231-shares-of-gabelli-multimedia-trust-inc-ggt-2025-09-01/
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