GDL Stock Overview
The GDL Fund is a closed-ended equity mutual fund launched by GAMCO Investors, Inc.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$8.97|
|52 Week High||US$9.30|
|52 Week Low||US$8.58|
|1 Month Change||-0.11%|
|3 Month Change||-0.33%|
|1 Year Change||2.99%|
|3 Year Change||-2.61%|
|5 Year Change||-9.45%|
|Change since IPO||-55.15%|
Recent News & Updates
GDL: Discounted Fund With Attractive Yield, But Probably Best To Avoid
GDL is a unique fund from the Gabelli lineup; this one focuses on "merger arbitrage transactions." The fund is currently deeply discounted and carries a distribution yield of over 5%. Despite the interesting nature of the fund and the typically attractive features of a CEF being present, this fund has performed poorly.
GDL Fund declares $0.12 dividend
GDL Fund (GDL) declares $0.12/share quarterly dividend, in line with previous.Forward yield 5.66%Payable Dec. 18; for shareholders of record Dec. 11; ex-div Dec. 10.See GDL Dividend Scorecard, Yield Chart, & Dividend Growth.
|GDL||US Capital Markets||US Market|
Return vs Industry: GDL underperformed the US Capital Markets industry which returned 30.2% over the past year.
Return vs Market: GDL underperformed the US Market which returned 13.7% over the past year.
|GDL Average Weekly Movement||1.1%|
|Capital Markets Industry Average Movement||0.7%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.9%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: GDL is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: GDL's weekly volatility (1%) has been stable over the past year.
About the Company
The GDL Fund is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. It is managed by Gabelli Funds, LLC. The fund invests in public equity markets across the globe. It invests in stocks of companies operating across diversified sectors.
GDL Fund Fundamentals Summary
|GDL fundamental statistics|
Is GDL overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GDL income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Next Earnings Date
|Earnings per share (EPS)||0|
|Net Profit Margin||0.00%|
How did GDL perform over the long term?See historical performance and comparison
Is GDL Fund undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether GDL Fund is trading at an attractive price based on the cash flow it is expected to produce in the future. But as GDL Fund has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.
How is GDL Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as GDL Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has GDL Fund performed over the past 5 years?
Historical Diversified Financials annual earnings growth
In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, GDL Fund has not provided sufficient past data to assess its track record.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.
How is GDL Fund's financial position?
In this section we usually analyse GDL Fund's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. GDL Fund has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.
What is GDL Fund current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GDL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GDL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GDL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GDL's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GDL's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bruce Alpert (69 yo)
Mr. Bruce N. Alpert, CPA, has been the President of GAMCO Global Gold, Natural Resources & Income Trust since 2005. He serves as a Senior Vice President of GAMCO Investors Inc. since May 2008. Mr. Alpert i...
Experienced Management: GDL's management team is seasoned and experienced (15.2 years average tenure).
Experienced Board: GDL's board of directors are seasoned and experienced ( 15.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GDL insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
The GDL Fund's employee growth, exchange listings and data sources
- Name: The GDL Fund
- Ticker: GDL
- Exchange: NYSE
- Founded: 2006
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$135.137m
- Shares outstanding: 2.62m
- Website: https://www.gabelli.com/Template/fundinfo.cfm?tid=NTZiMA==&bid=YmQ2YQ==&mid=NDBmYzc=&num=MTQzNTI=&kid=NWI5MWE=&fid=Njk0NzA=&rid=711-=edoc_dnuf
- The GDL Fund
- One Corporate Center
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/16 23:11|
|End of Day Share Price||2022/01/14 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.