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About GDL Fund (NYSE:GDL)
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. The Fund will invest at least 80% of its assets in securities or hedging arrangements relating to companies involved in corporate transactions or reorganizations, giving rise to the possibility of realizing gains upon or within relatively short periods of time after the completion of such transactions or reorganizations. It has investment in sectors, including financial services, energy and utilities, semiconductors, food and beverage, healthcare, and cable and satellite. The Fund's advisor is Gabelli Funds, LLC.
Industry, Sector and Symbol
Industry N/A
Sub-IndustryN/A
SectorN/A
SymbolNYSE:GDL
CUSIPN/A
Phone+1-914-9215100
Debt
Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual SalesN/A
Price / SalesN/A
Cash FlowN/A
Price / CashN/A
Book ValueN/A
Price / BookN/A
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
EmployeesN/A
Outstanding Shares18,070,000
GDL Fund (NYSE:GDL) Frequently Asked Questions
What is GDL Fund's stock symbol?
GDL Fund trades on the New York Stock Exchange (NYSE) under the ticker symbol "GDL."
How often does GDL Fund pay dividends? What is the dividend yield for GDL Fund?
GDL Fund announced a quarterly dividend on Friday, May 18th. Shareholders of record on Friday, June 15th will be paid a dividend of $0.10 per share on Friday, June 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Thursday, June 14th. View GDL Fund's Dividend History.
Who are GDL Fund's key executives?
GDL Fund's management team includes the folowing people:
- Mario Joseph Gabelli, Chairman of the Board of Trustees, Chief Investment Officer (Age 75)
- Bruce N. Alpert CPA., President (Age 65)
- Richard J. Walz, Chief Compliance Officer (Age 57)
- Carter W. Austin, Vice President (Age 50)
- Nicholas H. Mills, Assistant Vice President and Ombudsman (Age 23)
- David I. Schachter, Vice President (Age 63)
- Agnes Mullady, Treasurer (Age 58)
- Andrea R. Mango, Secretary (Age 44)
- Anthony J. Colavita Esq., Independent Trustee (Age 81)
- James P. Conn, Lead Independent Trustee (Age 79)
Has GDL Fund been receiving favorable news coverage?
Press coverage about GDL stock has trended positive this week, Accern reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. GDL Fund earned a news impact score of 0.42 on Accern's scale. They also gave media coverage about the investment management company an impact score of 45.30 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are GDL Fund's major shareholders?
GDL Fund's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include GAMCO INVESTORS, INC. ET AL (24.69%), Relative Value Partners Group LLC (16.96%), GAMCO INVESTORS, INC. ET AL (12.69%), GABELLI & Co INVESTMENT ADVISERS INC. (4.01%), Gamco Investors INC. ET AL (1.91%) and Ancora Advisors LLC (1.24%). View Institutional Ownership Trends for GDL Fund.
Which institutional investors are selling GDL Fund stock?
Which institutional investors are buying GDL Fund stock?
GDL stock was purchased by a variety of institutional investors in the last quarter, including Relative Value Partners Group LLC, Ancora Advisors LLC, Gamco Investors INC. ET AL, Doliver Capital Advisors LP, Guggenheim Capital LLC and GABELLI & Co INVESTMENT ADVISERS INC.. View Insider Buying and Selling for GDL Fund.
How do I buy shares of GDL Fund?
Shares of GDL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is GDL Fund's stock price today?
One share of GDL stock can currently be purchased for approximately $9.4107.
How big of a company is GDL Fund?
GDL Fund has a market capitalization of $172.79 million.
How can I contact GDL Fund?
GDL Fund's mailing address is 1 Corporate Ctr, RYE, NY 10580-1485, United States. The investment management company can be reached via phone at +1-914-9215100.
MarketBeat Community Rating for GDL Fund (GDL)
MarketBeat's community ratings are surveys of what our community members think about GDL Fund and other stocks. Vote "Outperform" if you believe GDL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GDL will underperform the S&P 500 over the long term. You may vote once every thirty days.
GDL Fund (NYSE:GDL) Analyst Ratings History
| Date | Brokerage | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
(Data available from 5/24/2016 forward)
GDL Fund (NYSE:GDL) Dividend Information
GDL Fund pays an annual dividend of $0.40 per share, with a dividend yield of 4.25%. GDL's next quarterly dividend payment will be made on Friday, June 22.
| Next Dividend: | 6/22/2018 |
| Annual Dividend: | $0.40 |
| Dividend Yield: | 4.25% |
| Dividend Growth: | -19.30% (3 Year Average) |
| Payout Ratio(s): | N/A |
| Frequency: | Quarterly Dividend |
GDL Fund (NYSE:GDL) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/18/2018 | quarterly | $0.10 | 4.26% | 6/14/2018 | 6/15/2018 | 6/22/2018 |
| 2/22/2018 | Quarterly | $0.10 | 4.15% | 3/14/2018 | 3/15/2018 | 3/22/2018 |
| 11/21/2017 | quarterly | $0.10 | 4.06% | 12/7/2017 | 12/8/2017 | 12/15/2017 |
| 8/25/2017 | Quarterly | $0.16 | 6.27% | 9/14/2017 | 9/15/2017 | 9/22/2017 |
| 5/19/2017 | quarterly | $0.16 | 6.42% | 6/14/2017 | 6/16/2017 | 6/23/2017 |
| 2/24/2017 | quarterly | $0.16 | 6.39% | 3/15/2017 | 3/17/2017 | 3/24/2017 |
| 11/21/2016 | quarterly | $0.16 | 6.53% | 12/7/2016 | 12/9/2016 | 12/16/2016 |
| 8/18/2016 | quarterly | $0.16 | 6.45% | 9/14/2016 | 9/16/2016 | 9/23/2016 |
| 5/20/2016 | quarterly | $0.16 | 6.42% | 6/14/2016 | 6/16/2016 | 6/23/2016 |
| 2/26/2016 | quarterly | $0.16 | 6.5% | 3/14/2016 | 3/16/2016 | 3/23/2016 |
| 11/20/2015 | quarterly | $0.16 | 6.38% | 12/9/2015 | 12/11/2015 | 12/18/2015 |
| 8/21/2015 | quarterly | $0.16 | 6.37% | 9/14/2015 | 9/16/2015 | 9/23/2015 |
| 5/22/2015 | quarterly | $0.16 | 6.11% | 6/12/2015 | 6/16/2015 | 6/23/2015 |
| 2/18/2015 | quarterly | $0.16 | 6.22% | 3/13/2015 | 3/17/2015 | 3/24/2015 |
| 11/20/2014 | quarterly | $0.16 | 6.17% | 12/10/2014 | 12/12/2014 | 12/19/2014 |
| 8/21/2014 | quarterly | $0.16 | 5.96% | 9/12/2014 | 9/16/2014 | 9/23/2014 |
| 5/14/2014 | quarterly | $0.16 | 5.8% | 6/12/2014 | 6/16/2014 | 6/23/2014 |
| 2/27/2014 | quarterly | $0.32 | 11.43% | 3/13/2014 | 3/17/2014 | 3/24/2014 |
| 11/21/2013 | quarterly | $0.32 | 11.29% | 12/11/2013 | 12/13/2013 | 12/19/2013 |
| 8/23/2013 | quarterly | $0.32 | 11.2% | 9/12/2013 | 9/16/2013 | 9/23/2013 |
| 5/17/2013 | quarterly | $0.32 | 10.67% | 6/12/2013 | 6/14/2013 | 6/21/2013 |
| 2/28/2013 | quarterly | $0.32 | 10.8% | 3/12/2013 | 3/14/2013 | 3/21/2013 |
(Data available from 1/1/2013 forward)
GDL Fund (NYSE GDL) Insider Trading and Institutional Ownership History
GDL Fund (NYSE GDL) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/11/2018 | Mario J Gabelli | Insider | Buy | 2,007,700 | $10.00 | $20,077,000.00 | |  |
| 5/9/2018 | Mario J Gabelli | Insider | Buy | 10,619 | $9.33 | $99,075.27 | | |
| 5/7/2018 | Mario J Gabelli | Insider | Buy | 9,090 | $9.36 | $85,082.40 | | |
| 5/3/2018 | Mario J Gabelli | Insider | Buy | 11,200 | $9.32 | $104,384.00 | | |
| 5/1/2018 | Mario J Gabelli | Insider | Buy | 6,161 | $9.34 | $57,543.74 | | |
| 4/27/2018 | Mario J Gabelli | Insider | Buy | 8,144 | $9.37 | $76,309.28 | | |
| 4/24/2018 | Mario J Gabelli | Insider | Buy | 26,053 | $9.35 | $243,595.55 | | |
| 4/20/2018 | Mario J Gabelli | Insider | Buy | 200 | $9.36 | $1,872.00 | | |
| 4/18/2018 | Mario J Gabelli | Insider | Buy | 8,164 | $9.42 | $76,904.88 | | |
| 4/13/2018 | Mario J Gabelli | Insider | Buy | 3,100 | $9.35 | $28,985.00 | | |
| 3/12/2018 | Mario J Gabelli | Insider | Buy | 10,000 | $9.61 | $96,100.00 | | |
| 2/20/2018 | Mario J Gabelli | Insider | Buy | 18,658 | $9.69 | $180,796.02 | | |
| 1/16/2018 | Mario J Gabelli | Insider | Buy | 9,000 | $9.91 | $89,190.00 | | |
| 12/4/2017 | Mario J Gabelli | Insider | Buy | 32,982 | $10.00 | $329,820.00 | | |
| 12/1/2017 | Mario J Gabelli | Insider | Buy | 84,712 | $10.00 | $847,120.00 | | |
| 8/8/2017 | Mario J Gabelli | Insider | Buy | 4,000 | $10.30 | $41,200.00 | 197,059 | |
| 5/11/2017 | Mario J Gabelli | Insider | Buy | 223 | $10.00 | $2,230.00 | 192,808 | |
| 2/21/2017 | Mario J Gabelli | Insider | Buy | 1,500 | $10.05 | $15,075.00 | 189,473 | |
| 1/15/2016 | Michael J Melarkey | Director | Sell | 2,000 | $9.77 | $19,540.00 | | |
| 1/13/2016 | Michael J Melarkey | Director | Sell | 1,250 | $9.91 | $12,387.50 | | |
| 8/17/2015 | Mario J Gabelli | Insider | Buy | 1,844 | $10.18 | $18,771.92 | | |
| 8/7/2015 | Mario J Gabelli | Insider | Buy | 5,393 | $10.25 | $55,278.25 | | |
| 5/26/2015 | Mario J Gabelli | Insider | Buy | 10,000 | $10.45 | $104,500.00 | | |
| 5/7/2015 | Mario J Gabelli | Insider | Buy | 2,000 | $10.42 | $20,840.00 | | |
| 4/20/2015 | Mario J Gabelli | Insider | Buy | 5,000 | $10.33 | $51,650.00 | | |
| 4/14/2015 | Mario J Gabelli | Insider | Buy | 2,100 | $10.35 | $21,735.00 | | |
| 10/21/2014 | Mario J Gabelli | Insider | Buy | 1,788 | $10.21 | $18,255.48 | | |
| 5/29/2014 | Mario J Gabelli | Insider | Buy | 14,435 | $10.85 | $156,619.75 | | |
| 5/28/2014 | Mario J Gabelli | Insider | Buy | 10,000 | $10.85 | $108,500.00 | | |
| 5/27/2014 | Mario J Gabelli | Insider | Buy | 11,000 | $10.85 | $119,350.00 | | |
| 5/23/2014 | Mario J Gabelli | Insider | Buy | 11,700 | $10.84 | $126,828.00 | | |
| 2/10/2014 | Mario J Gabelli | Insider | Buy | 2,000 | $11.09 | $22,180.00 | | |
| 11/27/2013 | Mario J Gabelli | Insider | Buy | 2,000 | $11.35 | $22,700.00 | | |
| 11/22/2013 | Mario J Gabelli | Insider | Buy | 2,662 | $11.36 | $30,240.32 | | |
| 11/19/2013 | Mario J Gabelli | Insider | Buy | 1,000 | $11.35 | $11,350.00 | | |
| 5/9/2013 | Mario J Gabelli | Insider | Buy | 1,600 | $11.77 | $18,832.00 | | |
| 8/13/2012 | Mario J Gabelli | Insider | Buy | 2,000 | $11.96 | $23,920.00 | | |
(Data available from 1/1/2013 forward)
GDL Fund (NYSE GDL) News Headlines
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GDL Fund (NYSE:GDL) SEC Filings
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GDL Fund (NYSE:GDL) Income Statement, Balance Sheet and Cash Flow Statement
GDL Fund (NYSE GDL) Stock Chart for Thursday, May, 24, 2018
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