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:
- Sector: Financials
- Industry: Closed End Funds
- Sub-Industry: N/A
- Symbol: NYSE:GDL
- CUSIP: N/A
- Web: www.gabelli.com
- 50 Day Moving Avg: $10.21
- 200 Day Moving Avg: $10.10
- 52 Week Range: $9.55 - $10.38
- Trailing P/E Ratio: N/A
- P/E Growth: 0.00
- 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?
Some companies that are related to GDL Fund include Ares Capital Corporation (ARCC), Prospect Capital Corporation (PSEC), FS Investment Corporation (FSIC), 3i Infrastructure PLC (3IN), Apollo Investment Corporation (AINV), Golub Capital BDC (GBDC), New Mountain Finance Corporation (NMFC), Hercules Capital (HTGC), Solar Capital (SLRC), Ithaca Energy (IAE), Triangle Capital Corporation (TCAP), PennantPark Investment Corporation (PNNT), PennantPark Floating Rate Capital (PFLT), Foresight Solar Fund Ltd (FSFL), Fidus Investment Corporation (FDUS), Eagle Point Credit Company (ECC), TICC Capital Corp. (TICC) and Medley Capital Corporation (MCC).
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?
MarketBeat Community Rating for GDL Fund (NYSE GDL)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.
One share of GDL Fund stock can currently be purchased for approximately $10.19.
Consensus Ratings for GDL Fund (NYSE:GDL) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|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)
No equities research coverage for this company has been tracked by MarketBeat.com
Earnings History for GDL Fund (NYSE:GDL)
No earnings announcements for this company have been tracked by MarketBeat.com
Earnings Estimates for GDL Fund (NYSE:GDL)
No earnings estimates for this company have been tracked by MarketBeat.com
Current Dividend Information for GDL Fund (NYSE:GDL)
|Dividend Growth:||-20.60% (3 Year Average)|
Dividend History by Quarter for GDL Fund (NYSE GDL)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for GDL Fund (NYSE:GDL)Insider Trades by Quarter for GDL Fund (NYSE:GDL)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/8/2017||Mario J Gabelli||Insider||Buy||4,000||$10.30||$41,200.00|| |
|5/11/2017||Mario J Gabelli||Insider||Buy||223||$10.00||$2,230.00|| |
|2/21/2017||Mario J Gabelli||Insider||Buy||1,500||$10.05||$15,075.00|| |
|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|| |
Headline Trends for GDL Fund (NYSE:GDL)
Latest Headlines for GDL Fund (NYSE:GDL)
GDL Fund (GDL) Chart for Thursday, September, 21, 2017