News coverage about GDL Fund (NYSE:GDL) has been trending somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. GDL Fund earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the investment management company an impact score of 47.5863428747967 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Shares of GDL Fund (GDL) remained flat at $$9.90 during trading hours on Thursday. 23,700 shares of the stock were exchanged, compared to its average volume of 50,813. GDL Fund has a 12-month low of $9.63 and a 12-month high of $10.38.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 8th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.40 annualized dividend and a yield of 4.04%.

In other news, insider Mario J. Gabelli purchased 84,712 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were bought at an average cost of $10.00 per share, for a total transaction of $847,120.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mario J. Gabelli purchased 32,982 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were purchased at an average price of $10.00 per share, for a total transaction of $329,820.00. The disclosure for this purchase can be found here.

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About GDL Fund

The GDL Fund (the Fund) is a diversified closed-end management investment fund. The Fund’s primary investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. The Fund will seek to achieve its objective by investing primarily in merger arbitrage transactions and, to a lesser extent, in corporate reorganizations involving stubs, spin-offs, and liquidations.

Insider Buying and Selling by Quarter for GDL Fund (NYSE:GDL)

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