Landscape Capital Management L.L.C. Purchases New Holdings in Gabelli Multimedia Trust Inc. $GGT

Landscape Capital Management L.L.C. acquired a new position in shares of Gabelli Multimedia Trust Inc. (NYSE:GGT) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 121,676 shares of the financial services provider’s stock, valued at approximately $512,000. Landscape Capital Management L.L.C. owned approximately 0.36% of Gabelli Multimedia Trust at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GGT. Arax Advisory Partners boosted its holdings in shares of Gabelli Multimedia Trust by 90.0% in the 4th quarter. Arax Advisory Partners now owns 6,152 shares of the financial services provider’s stock valued at $26,000 after buying an additional 2,914 shares during the period. Raymond James Financial Inc. acquired a new stake in Gabelli Multimedia Trust in the 2nd quarter valued at approximately $27,000. Ameriprise Financial Inc. bought a new stake in shares of Gabelli Multimedia Trust during the third quarter valued at about $49,000. Allworth Financial LP acquired a new position in shares of Gabelli Multimedia Trust during the second quarter valued at approximately $50,000. Finally, Geneos Wealth Management Inc. lifted its position in Gabelli Multimedia Trust by 141.4% in the first quarter. Geneos Wealth Management Inc. now owns 16,900 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 9,900 shares during the period. Institutional investors and hedge funds own 10.63% of the company’s stock.

Gabelli Multimedia Trust Price Performance

GGT stock opened at $4.13 on Monday. The firm has a 50 day simple moving average of $4.15 and a 200 day simple moving average of $4.15. Gabelli Multimedia Trust Inc. has a 12 month low of $3.87 and a 12 month high of $4.39.

Gabelli Multimedia Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 11th will be given a dividend of $0.08 per share. This represents a c) annualized dividend and a yield of 23.2%. The ex-dividend date is Friday, December 11th. This is a positive change from Gabelli Multimedia Trust’s previous monthly dividend of $0.07.

Gabelli Multimedia Trust Profile

Gabelli Multimedia Trust Inc (NYSE: GGT) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in the common stocks of companies engaged in the multimedia and communications sectors. The trust’s portfolio is concentrated in industries such as cable and satellite television, wireless and wireline telecommunications, radio and broadcasting, print and digital publishing, and internet services. Through selective security selection, Gabelli Multimedia Trust aims to capture growth opportunities driven by evolving content delivery platforms and technological innovation.

Since its initial public offering in December 1987, the trust has been managed by Gabelli Funds, LLC, an affiliate of GAMCO Investors, Inc, under the direction of veteran investors led by Mario J.