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Mario J. Gabelli, control person of adviser at Gabelli Convertible & Income Securities Fund Inc (NYSE:GCV), reported selling 3,100 shares of the company’s common stock on July 11, 2025. The shares were sold at a price of $3.8614, for a total transaction value of $11970.
Following the transaction, Gabelli’s indirect ownership through Associated Capital Group (NYSE:AC), Inc. amounts to 323,325 shares. With a market capitalization of $76.4 million and historically low price volatility (Beta of 0.87), GCV maintains a stable profile in the market. InvestingPro analysis reveals 6 additional key insights about the fund’s performance and financial health.
Gabelli also has indirect ownership through GGCP, Inc. with 1,089,000 shares and Gabelli & Company Investment Advisers, Inc. with 17,575 shares. Additionally, Gabelli directly owns 481,501 shares in Gabelli Convertible & Income Securities Fund Inc.
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