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GNT GAMCO Natural Resources, Gold & Income Trust Insider Trading

5 filings analyzed · Latest 2024-08-06
Insider buys
5
Insider sells
0
Unique insiders
1
Direction
Net buying
August 2024
2024-08-06
low
2,643 shares
$14,140
@ $5.35
Significance 3/10

Saba Capital (10% owner) purchases 2,643 shares of GNT at $5.35 on 2024-08-05, adding to 1.83M-share position.

Saba Capital Management, L.P. acquired 2,643 shares at $5.35, representing a modest 0.1% addition to its existing 1.83M-share stake. The transaction occurred four days after a prior purchase by the same filer at GNT, suggesting a continuation of accumulation activity in early August. At the purchase price of $5.35, the stock was trading within its 52-week range ($4.60–$5.69) and has since declined 3.2% over 30 days, now at $5.43. While the filer's cross-ticker track record shows 20 prior buys, the same-ticker history is insufficient to assess pattern or predictiveness—only one prior trade at GNT has occurred, and its outcome remains unmeasurable. The small transaction size and incremental position increase do not suggest material conviction or repositioning.

2024-08-05
low
1,400 shares
$7,798
@ $5.57
Significance 3/10

Saba Capital (10% owner) buys 1,400 shares of GNT at $5.57; current price $5.34, down 6.2% from 52-week high.

Saba Capital purchased 1,400 shares of GAMCO Natural Resources, Gold & Income Trust at $5.57 on 2024-08-01, a modest acquisition that increased holdings by 0.1% to 1,824,169 shares. The purchase occurred as the stock trades 6.2% below its 52-week high and down 4.8% over the past 30 days, providing a recent entry point. This appears to be a routine position adjustment for a 10% institutional owner rather than a signal-rich transaction, particularly given the modest share count and the limited datapoints available for this ticker at Saba Capital.

July 2024
2024-07-25
low
1,000 shares
$5,580
@ $5.58
Significance 3/10

Saba Capital Management bought 1,000 shares of GNT at $5.58 on 2024-07-24, raising holdings to 1,822,769 shares.

Saba Capital Management, a 10% owner, purchased 1,000 shares at $5.58, increasing holdings by 53 shares post-transaction to 1,822,769 shares. The purchase occurred when GNT traded near its 52-week high of $5.69 and currently sits 2.6% below that peak at $5.54. The insider's cross-ticker track record shows 20 prior open-market buys, consistent with an active purchasing pattern. The modestly sized buy of 1,000 shares represents a minor incremental increase to a large position and occurred in a stable price environment with recent positive momentum (4.8% over 90 days).

June 2024
2024-06-25
low
17,344 shares
$94,351
@ $5.44
Significance 3/10

Saba Capital bought 17,344 shares of GNT at $5.44 on 2024-06-24, raising holdings to 1,821,769 shares (+1.0%).

Saba Capital Management, a 10% owner, purchased 17,344 shares at $5.44 on 2024-06-24, representing a modest 1.0% net increase to its 1,821,769-share position. This marks the third consecutive buy in a 4-day span (June 6, 7, and 20), with the current transaction totaling $94,351.36. The stock currently trades at $5.42, near its 52-week high of $5.52, with the shares purchased near the top of their annual range. Prior same-ticker outcomes remain immeasurable due to recent transaction dates, and no historical timing data from this insider's cross-ticker record is available to contextualize the strategic rationale for this acquisition.

2024-06-24
medium
25,352 shares
$136,394
@ $5.38
Significance 5/10

10% owner Saba Capital bought 25,352 shares of GNT at $5.38 on 2024-06-20, increasing stake to 1,804,425 shares (+1.4%).

Saba Capital Management purchased 25,352 shares of GAMCO Natural Resources, Gold & Income Trust at $5.38, expanding its 1.78M-share position by 1.4% to 1.80M shares. The purchase occurred near the 52-week high ($5.52), with the stock trading at $5.46 currently and showing positive momentum over the past 90 days (+6.8%). Saba's same-ticker trading history at GNT shows three prior buys within the past three weeks (2024-06-06, 2024-06-07, and 2024-06-24), establishing a pattern of consistent accumulation in this position. As a 10% owner with a substantial existing stake, this incremental purchase reflects continued interest in the holding.

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