GDL Fund Company Profile (NYSE:GDL)

About GDL Fund (NYSE:GDL)

GDL Fund logoThe 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:
  • Sector: Financials
  • Industry: Closed End Funds
  • Sub-Industry: N/A
  • Symbol: NYSE:GDL
  • CUSIP: N/A
  • Web: www.gabelli.com
Average Prices:
  • 50 Day Moving Avg: $10.21
  • 200 Day Moving Avg: $10.10
  • 52 Week Range: $9.55 - $10.38
P/E:
  • Trailing P/E Ratio: N/A
  • P/E Growth: 0.00
Misc:
  • Average Volume: 43,181 shs.
 

Frequently Asked Questions for GDL Fund (NYSE:GDL)

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 declared a quarterly dividend on Friday, August 25th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.16 per share on Friday, September 22nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date is Thursday, September 14th. View GDL Fund's Dividend History.

Who are some of GDL Fund's key competitors?

Who are GDL Fund's key executives?

GDL Fund's management team includes the folowing people:

  • Mario Joseph Gabelli CFA, Chairman of the Board of Trustees, Chief Investment Officer
  • Bruce N. Alpert CPA., President
  • Richard J. Walz, Chief Compliance Officer
  • Carter W. Austin, Vice President
  • Nicholas H. Mills, Assistant Vice President and Ombudsman
  • David I. Schachter, Vice President
  • Agnes Mullady, Treasurer
  • Andrea R. Mango, Secretary
  • Anthony J. Colavita Esq., Independent Trustee
  • James P. Conn, Lead Independent Trustee

Who owns GDL Fund stock?

GDL Fund's stock is owned by a variety of of institutional and retail investors. Top institutional investors include GABELLI & Co INVESTMENT ADVISERS INC. (0.00%), Lazard Asset Management LLC (7.45%), Glacier Peak Capital LLC (0.00%), Advisors Asset Management Inc. (0.00%), Deschutes Portfolio Strategy LLC (2.06%) and Gamco Investors INC. ET AL (0.00%). Company insiders that own GDL Fund stock include Mario J Gabelli and Michael J Melarkey. View Institutional Ownership Trends for GDL Fund.

Who sold GDL Fund stock? Who is selling GDL Fund stock?

GDL Fund's stock was sold by a variety of institutional investors in the last quarter, including Advisors Asset Management Inc., Deschutes Portfolio Strategy LLC, Glacier Peak Capital LLC, Wells Fargo & Company MN, Doliver Capital Advisors LP, MML Investors Services LLC and Raymond James Financial Services Advisors Inc.. View Insider Buying and Selling for GDL Fund.

Who bought GDL Fund stock? Who is buying GDL Fund stock?

GDL Fund's stock was bought by a variety of institutional investors in the last quarter, including GABELLI & Co INVESTMENT ADVISERS INC., Wedbush Securities Inc., Gamco Investors INC. ET AL, Marquette Asset Management Inc. and Royal Bank of Canada. View Insider Buying and Selling for GDL Fund.

How do I buy GDL Fund stock?

Shares of GDL Fund can be purchased through any online brokerage account. Popular online brokerages 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 Fund stock can currently be purchased for approximately $10.19.


MarketBeat Community Rating for GDL Fund (NYSE GDL)
Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  23 (Vote Outperform)
Underperform Votes:  24 (Vote Underperform)
Total Votes:  47
MarketBeat's community ratings are surveys of what our community members think about GDL Fund and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for GDL Fund (NYSE:GDL) (How are Consensus Ratings Calculated?)
Ratings Breakdown: No ratings tracked in the last 12 months.
Consensus Rating:N/A (Score: NaN)
Consensus Price Target: N/A

Analysts' Ratings History for GDL Fund (NYSE:GDL)
Show:
No equities research coverage for this company has been tracked by MarketBeat.com

Earnings

Earnings History for GDL Fund (NYSE:GDL)
No earnings announcements for this company have been tracked by MarketBeat.com

Estimates

Earnings Estimates for GDL Fund (NYSE:GDL)

No earnings estimates for this company have been tracked by MarketBeat.com

Dividends

Current Dividend Information for GDL Fund (NYSE:GDL)
Next Dividend:9/22/2017
Annual Dividend:$0.64
Dividend Yield:6.28%
Dividend Growth:-20.60% (3 Year Average)
Payout Ratio:
Dividend Payments by Quarter for GDL Fund (NYSE:GDL)

Dividend History by Quarter for GDL Fund (NYSE GDL)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/25/2017Quarterly$0.166.27%9/14/20179/15/20179/22/2017
5/19/2017quarterly$0.166.42%6/14/20176/16/20176/23/2017
2/24/2017quarterly$0.166.39%3/15/20173/17/20173/24/2017
11/21/2016quarterly$0.166.53%12/7/201612/9/201612/16/2016
8/18/2016quarterly$0.166.45%9/14/20169/16/20169/23/2016
5/20/2016quarterly$0.166.42%6/14/20166/16/20166/23/2016
2/26/2016quarterly$0.166.5%3/14/20163/16/20163/23/2016
11/20/2015quarterly$0.166.38%12/9/201512/11/201512/18/2015
8/21/2015quarterly$0.166.37%9/14/20159/16/20159/23/2015
5/22/2015quarterly$0.166.11%6/12/20156/16/20156/23/2015
2/18/2015quarterly$0.166.22%3/13/20153/17/20153/24/2015
11/20/2014quarterly$0.166.17%12/10/201412/12/201412/19/2014
8/21/2014quarterly$0.165.96%9/12/20149/16/20149/23/2014
5/14/2014quarterly$0.165.8%6/12/20146/16/20146/23/2014
2/27/2014quarterly$0.3211.43%3/13/20143/17/20143/24/2014
11/21/2013quarterly$0.3211.29%12/11/201312/13/201312/19/2013
8/23/2013quarterly$0.3211.2%9/12/20139/16/20139/23/2013
5/17/2013quarterly$0.3210.67%6/12/20136/14/20136/21/2013
2/28/2013quarterly$0.3210.8%3/12/20133/14/20133/21/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for GDL Fund (NYSE:GDL)
Insider Trades by Quarter for GDL Fund (NYSE:GDL)
Institutional Ownership by Quarter for GDL Fund (NYSE:GDL)
Insider Trades by Quarter for GDL Fund (NYSE:GDL)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/8/2017Mario J GabelliInsiderBuy4,000$10.30$41,200.00View SEC Filing  
5/11/2017Mario J GabelliInsiderBuy223$10.00$2,230.00View SEC Filing  
2/21/2017Mario J GabelliInsiderBuy1,500$10.05$15,075.00View SEC Filing  
1/15/2016Michael J MelarkeyDirectorSell2,000$9.77$19,540.00View SEC Filing  
1/13/2016Michael J MelarkeyDirectorSell1,250$9.91$12,387.50View SEC Filing  
8/17/2015Mario J GabelliInsiderBuy1,844$10.18$18,771.92View SEC Filing  
8/7/2015Mario J GabelliInsiderBuy5,393$10.25$55,278.25View SEC Filing  
5/26/2015Mario J GabelliInsiderBuy10,000$10.45$104,500.00View SEC Filing  
5/7/2015Mario J GabelliInsiderBuy2,000$10.42$20,840.00View SEC Filing  
4/20/2015Mario J GabelliInsiderBuy5,000$10.33$51,650.00View SEC Filing  
4/14/2015Mario J GabelliInsiderBuy2,100$10.35$21,735.00View SEC Filing  
10/21/2014Mario J GabelliInsiderBuy1,788$10.21$18,255.48View SEC Filing  
5/29/2014Mario J GabelliInsiderBuy14,435$10.85$156,619.75View SEC Filing  
5/28/2014Mario J GabelliInsiderBuy10,000$10.85$108,500.00View SEC Filing  
5/27/2014Mario J GabelliInsiderBuy11,000$10.85$119,350.00View SEC Filing  
5/23/2014Mario J GabelliInsiderBuy11,700$10.84$126,828.00View SEC Filing  
2/10/2014Mario J GabelliInsiderBuy2,000$11.09$22,180.00View SEC Filing  
11/27/2013Mario J GabelliInsiderBuy2,000$11.35$22,700.00View SEC Filing  
11/22/2013Mario J GabelliInsiderBuy2,662$11.36$30,240.32View SEC Filing  
11/19/2013Mario J GabelliInsiderBuy1,000$11.35$11,350.00View SEC Filing  
5/9/2013Mario J GabelliInsiderBuy1,600$11.77$18,832.00View SEC Filing  
8/13/2012Mario J GabelliInsiderBuy2,000$11.96$23,920.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for GDL Fund (NYSE:GDL)
Latest Headlines for GDL Fund (NYSE:GDL)
Source:
DateHeadline
americanbankingnews.com logoGDL Fund to Issue Quarterly Dividend of $0.16 (GDL)
www.americanbankingnews.com - September 9 at 4:15 PM
nasdaq.com logoEx-Div Reminder for GDL Fund's Series B Cumulative Puttable and Callable Preferred Shares
www.nasdaq.com - June 13 at 10:11 PM
finance.yahoo.com logoThe GDL Fund Series B Preferred Shares
finance.yahoo.com - May 23 at 5:00 PM
americanbankingnews.com logoGDL Fund (GDL) Declares $0.16 Quarterly Dividend
www.americanbankingnews.com - May 19 at 7:12 PM
reuters.com logoGDL Fund (GDL.N) Quote
www.reuters.com - March 25 at 10:16 PM
seekingalpha.com logoA Simple Options Strategy To Capture Upcoming Event Risk
seekingalpha.com - February 13 at 11:49 AM
seekingalpha.com logoTop Pick For 2017 With 8% Dividend
seekingalpha.com - December 16 at 10:56 PM
finance.yahoo.com logoGDL FUND Financials
finance.yahoo.com - November 29 at 5:05 PM
finance.yahoo.com logoGDL FUND Financials
finance.yahoo.com - November 29 at 5:05 PM
seekingalpha.com logoTrump Boom; Trump Bust
seekingalpha.com - November 14 at 5:27 PM
blogs.barrons.com logoSilver vs Gold: Analyst Sees Silver Up 30% in 2017
blogs.barrons.com - November 11 at 4:39 PM
investopedia.com logoThe Risks of Exchange-Traded Notes (GDL,DGP)
www.investopedia.com - July 9 at 8:39 AM
finance.yahoo.com logoHow to Destroy Your Net-Net Stock Portfolio
finance.yahoo.com - March 25 at 1:20 PM
thestreet.com logoReminder - GDL Fund Goes Ex-Dividend Soon
www.thestreet.com - March 10 at 10:58 AM
seekingalpha.com logoGDL Fund declares $0.16 dividend
seekingalpha.com - February 26 at 6:22 AM
finance.yahoo.com logoThe GDL Fund Declares First Quarter Distribution of $0.16 Per Share
finance.yahoo.com - February 17 at 4:55 PM

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Chart

GDL Fund (GDL) Chart for Thursday, September, 21, 2017

This page was last updated on 9/21/2017 by MarketBeat.com Staff