Ownership Action To Observe: Gabelli Convertible & Income Securities Fund Inc Sentiment Worsening on Low Stock Potential

November 18, 2016 - By Nellie Frank   ·   0 Comments

Ownership Action To Observe: Gabelli Convertible & Income Securities Fund Inc Sentiment Worsening on Low Stock Potential

Sentiment for Gabelli Convertible & Income Securities Fund Inc (NYSE:GCV)

Gabelli Convertible & Income Securities Fund Inc (NYSE:GCV) institutional sentiment increased to 0.38 in 2016 Q2. Its up 0.17, from 0.21 in 2016Q1. The ratio has improved, as 3 institutional investors opened new and increased holdings, while 14 reduced and sold stock positions in Gabelli Convertible & Income Securities Fund Inc. The institutional investors in our partner’s database reported: 1.92 million shares, down from 2.23 million shares in 2016Q1. Also, the number of institutional investors holding Gabelli Convertible & Income Securities Fund Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 7 Reduced: 7 Increased: 2 New Position: 1.

The Gabelli Convertible and Income Securities Fund Inc. is a diversified closed-end management investment company. The company has a market cap of $65.20 million. 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. It currently has negative earnings. The Firm invests approximately 80% of its net assets, under normal market conditions, in a combination of convertible securities and income producing securities.

The stock closed at $4.61 during the last session. It is down 1.54% since April 18, 2016 and is uptrending. It has underperformed by 2.89% the S&P500.

Windsor Capital Management Llc holds 0.86% of its portfolio in Gabelli Convertible & Income Securities for 316,142 shares. Shaker Financial Services Llc owns 164,187 shares or 0.53% of their US portfolio. Moreover, Doliver Capital Advisors Inc. has 0.05% invested in the company for 13,293 shares. The New York-based Gamco Investors Inc. Et Al has invested 0.03% in the stock. Cornerstone Advisors Inc, a Alabama-based fund reported 20,625 shares.#img1#

GCV Company Profile

The Gabelli Convertible and Income Securities Fund Inc. (the Fund), incorporated on December 19, 1988, is a diversified closed-end management investment company. The Fund’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 Fund will invest at least 80% of its net assets in a combination of convertible securities and income producing securities. It may invest up to 15% of its net assets in securities, for which the markets are illiquid.

More notable recent Gabelli Convertible & Income Securities (NYSE:GCV) news were published by: Businesswire.com which released: “Teton Advisors Announces Launch of TETON Convertible Securities Fund” on August 01, 2016, also Businesswire.com with their article: “Gabelli Funds is Named the Investment Adviser of Bancroft Fund and Ellsworth …” published on October 21, 2015, Investmentnews.com published: “Some closed-end income funds still trade at a discount” on October 14, 2016. More interesting news about Gabelli Convertible & Income Securities (NYSE:GCV) were released by: Businesswire.com and their article: “Gabelli Go Anywhere Trust Decouples and Separate Trading Begins for the 8.00 …” published on November 02, 2016 as well as Businesswire.com‘s news article titled: “Gabelli Equity Trust Announces the Offering of $80 Million of 5.45% Series J …” with publication date: March 28, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Nellie Frank


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>