Gabelli Convertbl and Incm Scrts Fnd Inc (NYSE:GCV) insider Mario J. Gabelli sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 10th. The stock was sold at an average price of $5.75, for a total value of $28,750.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

GCV stock remained flat at $$5.44 on Friday. The company had a trading volume of 28,857 shares, compared to its average volume of 28,633. Gabelli Convertbl and Incm Scrts Fnd Inc has a 52-week low of $5.39 and a 52-week high of $6.95.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Friday, September 14th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 8.83%. The ex-dividend date of this dividend was Thursday, September 13th.

An institutional investor recently bought a new position in Gabelli Convertbl and Incm Scrts Fnd stock. Cornerstone Wealth Management LLC acquired a new position in shares of Gabelli Convertbl and Incm Scrts Fnd Inc (NYSE:GCV) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 54,071 shares of the investment management company’s stock, valued at approximately $8,475,000. Cornerstone Wealth Management LLC owned 0.38% of Gabelli Convertbl and Incm Scrts Fnd at the end of the most recent reporting period. 10.09% of the stock is currently owned by institutional investors and hedge funds.

Gabelli Convertbl and Incm Scrts Fnd Company Profile

The Gabelli Convertible and Income Securities Fund Inc is a closed-ended balanced mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity and fixed income markets. The fund seeks to invest in stocks of companies operating across diversified sectors.

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