The Gabelli Equity Trust Inc. is a closed ended equity mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in preferred stock, convertible or exchangeable securities, and warrants and rights. The fund primarily invests in value stocks of companies across market capitalizations. It employs fundamental analysis with a bottom-up stock picking approach to create its portfolio. The fund seeks to benchmarks the performance of its portfolio against the S&P 500 Index, Dow Jones Industrial Average, and Nasdaq Composite Index. The Gabelli Equity Trust Inc. was formed on August 21, 1986 and is domiciled in the United States.

Overall MarketRank^™

0.79 out of 5 stars

Finance Sector

1319th out of 1,952 stocks

Investment Offices, Not Elsewhere Classified Industry

106th out of 172 stocks

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for The Gabelli Equity Trust.

2.3 Community Rank

Outperform Votes
The Gabelli Equity Trust has received 157 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
The Gabelli Equity Trust has received 178 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
The Gabelli Equity Trust has received 53.13% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about The Gabelli Equity Trust and other stocks. Vote “Outperform” if you believe GAB will outperform the S&P 500 over the long term. Vote “Underperform” if you believe GAB will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
The Gabelli Equity Trust is a leading dividend payer. It pays a dividend yield of 8.37%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
The Gabelli Equity Trust has only been increasing its dividend for 1 years.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, The Gabelli Equity Trust insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.00% of the stock of The Gabelli Equity Trust is held by insiders.
Percentage Held by Institutions
Only 5.61% of the stock of The Gabelli Equity Trust is held by institutions.

0.0 Earnings and Valuation

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The Gabelli Equity Trust (NYSE:GAB) Frequently Asked Questions

What stocks does MarketBeat like better than The Gabelli Equity Trust?

Wall Street analysts have given The Gabelli Equity Trust a "N/A" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but The Gabelli Equity Trust wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting The Gabelli Equity Trust?

The Gabelli Equity Trust saw a drop in short interest in April. As of April 15th, there was short interest totaling 90,600 shares, a drop of 55.5% from the March 31st total of 203,600 shares. Based on an average daily volume of 567,100 shares, the days-to-cover ratio is presently 0.2 days.
View The Gabelli Equity Trust's Short Interest.

When is The Gabelli Equity Trust's next earnings date?

The Gabelli Equity Trust is scheduled to release its next quarterly earnings announcement on Tuesday, June 8th 2021.
View our earnings forecast for The Gabelli Equity Trust.

How has The Gabelli Equity Trust's stock price been impacted by Coronavirus (COVID-19)?

The Gabelli Equity Trust's stock was trading at $5.39 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, GAB stock has increased by 35.1% and is now trading at $7.28.
View which stocks have been most impacted by COVID-19.

How often does The Gabelli Equity Trust pay dividends? What is the dividend yield for The Gabelli Equity Trust?

The Gabelli Equity Trust declared a quarterly dividend on Thursday, February 25th. Investors of record on Wednesday, March 17th will be paid a dividend of $0.15 per share on Wednesday, March 24th. This represents a $0.60 dividend on an annualized basis and a yield of 8.24%. The ex-dividend date of this dividend is Tuesday, March 16th.
View The Gabelli Equity Trust's dividend history.

Is The Gabelli Equity Trust a good dividend stock?

The Gabelli Equity Trust pays an annual dividend of $0.60 per share and currently has a dividend yield of 8.31%. GAB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
View The Gabelli Equity Trust's dividend history.

Who are The Gabelli Equity Trust's key executives?

The Gabelli Equity Trust's management team includes the following people:

Mr. Carter W. Austin, Sr. VP (Age 55, Pay $60k)
Ms. Molly A.F. Marion, VP (Age 67, Pay $80k)
Mr. Mario Joseph Gabelli C.F.A., CFA, Portfolio Mang. (Age 78)
Mr. Bruce N. Alpert C.P.A., CPA, Principal Exec. Officer, Pres and Chief Operating Officer of Gabelli Funds Llc (Age 69)
Ms. Agnes Nora Mullady, Pres & Chief Operating Officer of the Open-End Fund Division & VP (Age 62)
Mr. James Ernest McKee, Gen. Counsel, Gen. Counsel of GAMCO Investors Inc and Sec. of GAMCO Investors Inc (Age 57)
Mr. Douglas Richard Jamieson, Pres of GAMCO and Chief Operating Officer of GAMCO (Age 67)
Mr. David I. Schachter, VP (Age 68)
Mr. Kevin V. Dreyer, Portfolio Mang.
Mr. Christopher J. Marangi, Portfolio Mang. (Age 47)

Who are some of The Gabelli Equity Trust's key competitors?

Some companies that are related to The Gabelli Equity Trust include SPDR Nuveen Barclays Short Term Municipal Bond ETF (SHM), SPDR Nuveen Barclays Municipal Bond ETF (TFI), Direxion Daily Financial Bull 3X Shares (FAS), DNP Select Income Fund (DNP), iShares MSCI Pacific ex Japan ETF (EPP), Nuveen Municipal Value Fund (NUV), Adams Diversified Equity Fund (ADX), PIMCO Corporate & Income Opportunity Fund (PTY), Hercules Capital (HTGC), WisdomTree Emerging Markets High Dividend Fund (DEM), Goldman Sachs BDC (GSBD), Royce Value Trust (RVT), Tri-Continental (TY), Liberty All-Star Equity Fund (USA) and iShares MSCI Australia ETF (EWA).
View all of GAB's competitors.

What other stocks do shareholders of The Gabelli Equity Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other The Gabelli Equity Trust investors own include AT&T (T), New Residential Investment (NRZ), Energy Transfer (ET), Main Street Capital (MAIN), Medical Properties Trust (MPW), AbbVie (ABBV), Annaly Capital Management (NLY), Pfizer (PFE), Ares Capital (ARCC) and General Electric (GE).

What is The Gabelli Equity Trust's stock symbol?

The Gabelli Equity Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "GAB."

Who are The Gabelli Equity Trust's major shareholders?

The Gabelli Equity Trust's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Commonwealth Equity Services LLC (0.43%), Stratos Wealth Partners LTD. (0.08%), Scotia Capital Inc. (0.07%), Hollencrest Capital Management (0.05%), Janney Montgomery Scott LLC (0.03%) and Shulman DeMeo Asset Management LLC (0.03%).
View institutional ownership trends for The Gabelli Equity Trust.

Which institutional investors are selling The Gabelli Equity Trust stock?

GAB stock was sold by a variety of institutional investors in the last quarter, including Private Advisor Group LLC, Sigma Planning Corp, AE Wealth Management LLC, Hollencrest Capital Management, Scotia Capital Inc., and Shulman DeMeo Asset Management LLC.
View insider buying and selling activity for The Gabelli Equity Trust or view top insider-selling stocks.

Which institutional investors are buying The Gabelli Equity Trust stock?

GAB stock was bought by a variety of institutional investors in the last quarter, including Commonwealth Equity Services LLC, Janney Montgomery Scott LLC, Stratos Wealth Partners LTD., Strategic Investment Advisors MI, Raymond James Trust N.A., Wealthcare Advisory Partners LLC, Great Valley Advisor Group Inc., and Wedbush Securities Inc..
View insider buying and selling activity for The Gabelli Equity Trust or or view top insider-buying stocks.

How do I buy shares of The Gabelli Equity Trust?

Shares of GAB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is The Gabelli Equity Trust's stock price today?

One share of GAB stock can currently be purchased for approximately $7.28.

How much money does The Gabelli Equity Trust make?

The Gabelli Equity Trust has a market capitalization of $1.91 billion.

What is The Gabelli Equity Trust's official website?

The official website for The Gabelli Equity Trust is www.gabelli.com.

How can I contact The Gabelli Equity Trust?

The financial services provider can be reached via phone at 914-921-5000.

This page was last updated on 5/7/2021 by MarketBeat.com Staff

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The Gabelli Equity Trust Stock Forecast, Price & News

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About The Gabelli Equity Trust

MarketRank™

Overall MarketRank™

0.0 Analyst's Opinion

Consensus Rating

2.3 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment