Kuni Nakamura Acquires 4,200 Shares of Gabelli Convertible & Income Securities (GCV) Stock
Gabelli Convertible & Income Securities (NYSE:GCV) Director Kuni Nakamura acquired 4,200 shares of the stock in a transaction on Wednesday, September 14th. The shares were acquired at an average cost of $4.69 per share, for a total transaction of $19,698.00. Following the completion of the transaction, the director now directly owns 1,492 shares in the company, valued at approximately $6,997.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Gabelli Convertible & Income Securities (NYSE:GCV) opened at 4.75 on Tuesday. The firm’s 50-day moving average is $4.83 and its 200 day moving average is $4.65. Gabelli Convertible & Income Securities has a 12 month low of $3.91 and a 12 month high of $5.24.
About Gabelli Convertible & Income Securities
The Gabelli Convertible and Income Securities Fund Inc is a diversified closed-end management investment company. The Company’s investment objective is to seek a high level of total return through a combination of current income and capital appreciation by investing in convertible securities. The Company invests approximately 80% of its net assets, under normal market conditions, in a combination of convertible securities and income producing securities.
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