Positive Press Coverage Somewhat Unlikely to Impact GDL Fund (GDL) Stock Price

Media stories about GDL Fund (NYSE:GDL) have trended positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. GDL Fund earned a coverage optimism score of 0.43 on Accern’s scale. Accern also gave headlines about the investment management company an impact score of 45.2533225508554 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

GDL Fund (NYSE GDL) traded down $0.05 during trading hours on Tuesday, hitting $9.63. The stock had a trading volume of 51,641 shares, compared to its average volume of 64,252. GDL Fund has a 12 month low of $9.34 and a 12 month high of $10.38.

In other GDL Fund news, insider Mario J. Gabelli purchased 32,982 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was bought at an average price of $10.00 per share, with a total value of $329,820.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mario J. Gabelli purchased 9,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was acquired at an average cost of $9.91 per share, with a total value of $89,190.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 126,694 shares of company stock valued at $1,266,130.

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GDL Fund Company Profile

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.

Insider Buying and Selling by Quarter for GDL Fund (NYSE:GDL)

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