Raytheon awarded $71 million in Navy contracts for missile systems
Mario J. Gabelli, a director and control person of Gabelli Convertible & Income Securities Fund Inc. (NYSE:GCV), recently reported selling 999 shares of the company’s common stock. The shares were sold at an average price of $3.9054 each, totaling approximately $3,901. Following this transaction, Gabelli directly owns 486,501 shares of the fund.
In addition to his direct holdings, Gabelli indirectly holds shares through various entities. GGCP, Inc. owns 1,089,000 shares, Gabelli & Company Investment Advisers, Inc. holds 17,575 shares, and Associated Capital Group (NYSE:AC), Inc. owns 326,525 shares. Gabelli has stated that he disclaims beneficial ownership of shares held by these entities beyond his indirect pecuniary interest.
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