Gabelli Multimedia Trust (NYSE:GGT) Insider Buys $101,500.00 in Stock
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Gabelli Multimedia Trust insider Mario Gabelli purchased 25,000 shares at $4.06 each, totaling $101,500, increasing his ownership by 2.21%. Post-transaction, he holds 1,158,396 shares valued at approximately $4.7 million. The company also announced a dividend increase to $0.08 per share, payable on June 23rd. Institutional investors have recently increased their stakes, with 10.63% of the stock now held by them. Gabelli Multimedia Trust focuses on long-term capital appreciation in multimedia and communications sectors.
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