The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) Insider Sells $32,600.00 in Stock

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) insider Mario J. Gabelli sold 5,000 shares of The Gabelli Convertible and Income Securities Fund stock in a transaction on Monday, January 10th. The stock was sold at an average price of $6.52, for a total value of $32,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of NYSE GCV opened at $6.42 on Friday. The Gabelli Convertible and Income Securities Fund Inc. has a 52 week low of $5.76 and a 52 week high of $7.21. The stock’s fifty day moving average is $6.65 and its 200 day moving average is $6.51.

The firm also recently announced a — dividend, which was paid on Thursday, January 6th. Shareholders of record on Thursday, December 30th were given a $0.03 dividend. This represents a yield of 9.9%. The ex-dividend date of this dividend was Wednesday, December 29th.

A number of institutional investors have recently added to or reduced their stakes in GCV. Rockefeller Capital Management L.P. grew its position in The Gabelli Convertible and Income Securities Fund by 25.2% in the second quarter. Rockefeller Capital Management L.P. now owns 8,069 shares of the investment management company’s stock valued at $53,000 after acquiring an additional 1,624 shares during the last quarter. Mid Atlantic Financial Management Inc. ADV grew its holdings in shares of The Gabelli Convertible and Income Securities Fund by 54.3% during the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 39,800 shares of the investment management company’s stock worth $262,000 after purchasing an additional 14,000 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of The Gabelli Convertible and Income Securities Fund by 79.1% during the second quarter. Private Advisor Group LLC now owns 19,700 shares of the investment management company’s stock worth $130,000 after purchasing an additional 8,700 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of The Gabelli Convertible and Income Securities Fund by 29.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 89,277 shares of the investment management company’s stock worth $588,000 after purchasing an additional 20,057 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of The Gabelli Convertible and Income Securities Fund by 24.8% during the second quarter. Morgan Stanley now owns 785,723 shares of the investment management company’s stock worth $5,178,000 after purchasing an additional 156,151 shares during the last quarter. Hedge funds and other institutional investors own 11.97% of the company’s stock.

The Gabelli Convertible and Income Securities Fund 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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