November 18, 2016 - By Nellie Frank · 0 Comments
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#
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.
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By Nellie Frank