Gabelli Convertible & Income Securities Fund Inc 2016 Q4 Institutional Investor Sentiment Better Than Expected

June 20, 2017 - By Migdalia James

 Gabelli Convertible & Income Securities Fund Inc  2016 Q4 Institutional Investor Sentiment  Better Than Expected

Sentiment for Gabelli Convertible & Income Securities Fund Inc (NYSE:GCV)

Gabelli Convertible & Income Securities Fund Inc (NYSE:GCV) institutional sentiment increased to 2.75 in Q4 2016. Its up 2.37, from 0.38 in 2016Q3. The ratio increased, as 11 institutional investors increased or started new holdings, while 4 sold and decreased positions in Gabelli Convertible & Income Securities Fund Inc. The institutional investors in our partner’s database now have: 2.07 million shares, up from 1.87 million shares in 2016Q3. Also, the number of institutional investors holding Gabelli Convertible & Income Securities Fund Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 0 Reduced: 4 Increased: 3 New Position: 8.

The Gabelli Convertible and Income Securities Fund Inc. is a diversified closed-end management investment company. The company has market cap of $73.56 million. The Fund’s investment objective is to seek a high level of total return through a combination of current income and capital appreciation by investing in convertible securities. It currently has negative earnings. It invests approximately 80% of its net assets, under normal market conditions, in a combination of convertible securities and income producing securities.

About 8,540 shares traded. Gabelli Convertbl and Incm Scrts Fnd Inc (NYSE:GCV) has risen 13.26% since June 20, 2016 and is uptrending. It has underperformed by 3.44% the S&P500.

Windsor Capital Management Llc holds 0.75% of its portfolio in Gabelli Convertbl and Incm Scrts Fnd Inc for 294,726 shares. Shaker Financial Services Llc owns 132,967 shares or 0.37% of their US portfolio. Moreover, Doliver Capital Advisors Inc. has 0.06% invested in the company for 14,902 shares. The Michigan-based Advisory Alpha Llc has invested 0.03% in the stock. Gamco Investors Inc. Et Al, a New York-based fund reported 903,329 shares.#img1#

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