Saba Capital Management sells $35,999 of GAMCO natural resources stock

Published 17/03/2025, 15:42
Saba Capital Management sells $35,999 of GAMCO natural resources stock

NEW YORK—Saba Capital Management, L.P., a significant stakeholder in GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT), recently sold shares valued at approximately $35,999. The transaction, reported on March 13, involved the sale of 6,112 shares at a price of $5.89 per share.

Following this transaction, Saba Capital Management holds 1,806,177 shares of GAMCO Natural Resources, which currently has a market capitalization of $96.68 million. The sale was executed indirectly, as indicated in the filing, and was signed by Zachary Gindes on behalf of Saba Capital Management and by Boaz Weinstein. For detailed analysis and additional insights, check out InvestingPro, which offers exclusive financial metrics and investment tips.

Investors often keep a close watch on such transactions as they can provide insights into the company’s future prospects and the confidence levels of major stakeholders. Notably, GNT has maintained its dividend payments for 15 consecutive years, demonstrating a strong commitment to shareholder returns.

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