Gabelli Conv Fd (GCV) Receiving Somewhat Favorable Press Coverage, Report Finds
News articles about Gabelli Conv Fd (NYSE:GCV) have trended somewhat positive on Saturday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Gabelli Conv Fd earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media coverage about the investment management company an impact score of 48.0351091246891 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Gabelli Conv Fd (NYSE GCV) opened at 5.81 on Friday. The stock’s 50 day moving average price is $5.29 and its 200-day moving average price is $5.10. Gabelli Conv Fd has a 52 week low of $4.46 and a 52 week high of $6.06.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 15th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.26%. The ex-dividend date of this dividend is Thursday, September 14th.
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In related news, Director Dugald A. Fletcher acquired 9,050 shares of the stock in a transaction on Monday, August 28th. The stock was acquired at an average price of $5.50 per share, for a total transaction of $49,775.00. Following the completion of the purchase, the director now owns 23,048 shares of the company’s stock, valued at $126,764. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 11.00% of the company’s stock.
Gabelli Conv Fd Company Profile
The Gabelli Convertible and Income Securities Fund Inc (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek a high level of total return through a combination of current income and capital appreciation by investing in convertible securities.
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