News coverage about GDL Fund (NYSE:GDL) has been trending somewhat positive on Saturday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. GDL Fund earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the investment management company an impact score of 47.6999053936297 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
GDL Fund (NYSE GDL) opened at 10.2001 on Friday. The firm has a 50-day moving average of $10.23 and a 200 day moving average of $10.16. GDL Fund has a 52-week low of $9.55 and a 52-week high of $10.38.
In other GDL Fund news, insider Mario J. Gabelli acquired 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average cost of $10.30 per share, for a total transaction of $41,200.00. Following the completion of the acquisition, the insider now directly owns 197,059 shares of the company’s stock, valued at approximately $2,029,707.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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About GDL Fund
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.
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