Wealthcare Advisory Partners LLC recently announced the acquisition of new stake in GAMCO Natural Resources Gold & Income Trust (NYSE:GNT). The institutional investor has increased its shareholding in the Financial company by 0.10% to 0.74 million shares with purchase of 751.0 shares. This fresh investment now brings its stake to 3.88% valued currently at $3.77 million. In addition, 1607 Capital Partners LLC raised its holdings by 0.25 million to 0.47 million shares. And Cornerstone Advisors LLC has lifted its position by 23.30% or 62432.0 shares – to 0.33 million shares.
With over 0.11 million GAMCO Natural Resources Gold & Income Trust (GNT) shares trading Monday and a closing price of $5.29 on the day, the dollar volume was approximately $0.6 million. The shares have shown a positive half year performance of 15.75% and its price on 01/23/23 lost nearly -0.38%. Currently, there are 18.48M common shares owned by the public and among those 18.47M shares have been available to trade.
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Insiders at the company have transacted a total of 1 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 1 of these insider trades were purchases, accounting for 150 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in GAMCO Natural Resources Gold & Income Trust are Cornerstone Strategic Value Fund, Cornerstone Total Return Fund, and Guggenheim Multi Hedge Strategies. Cornerstone Strategic Value Fund owns 0.24 million shares of the company’s stock, all valued at over $1.21 million. The company sold 11989.0 shares recently to bring their total holdings to about 1.25% of the shares outstanding. Cornerstone Total Return Fund bought 74421.0 shares to see its total holdings expand to 93421.0 shares valued at over $0.48 million and representing 0.49% of the shares outstanding. Guggenheim Multi Hedge Strategies sold 9795.0 shares to bring its total holdings to over 0.0 shares at a value of $0.0. Guggenheim Multi Hedge Strategies now owns shares totaling to 0.00% of the shares outstanding.
However, the script later moved the day high at 5.33, down -0.38%. The company’s stock has a 5-day price change of 0.57% and 24.47% over the past three months. GNT shares are trading 3.32% year to date (YTD), with the 12-month market performance down to -0.38% lower. It has a 12-month low price of $4.12 and touched a high of $5.84 over the same period. GNT has an average intraday trading volume of 68.33K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.94%, 5.11%, and 8.03% respectively.
Institutional ownership of GAMCO Natural Resources Gold & Income Trust (NYSE: GNT) shares accounts for 29.60% of the company’s 18.48M shares outstanding. Mutual fund holders own 1.74%, while other institutional holders and individual stakeholders account for 20.62% and 0.06% respectively.
It has a market capitalization of $97.74M. The stock’s trailing 12-month PE ratio is 9.62, while the earnings-per-share (ttm) stands at $0.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.53% over the week and 1.77% over the month.
