Sell Gabelli Utility Trust: Even Management Says Premium To NAV Is 'Excessive And Unsustainable' [Seeking Alpha]
Gabelli Utility Trust (The) (GUT)
US:NYSE Investor Relations:
gabelli.com/closed
Company Research
Source: Seeking Alpha
Sell Gabelli Utility Trust: Even Management Says Premium To NAV Is 'Excessive And Unsustainable' Summary Utility sector focused closed-end fund trades at a concerning premium to NAV of 51.5%. Fund performance has been strong this year benefiting from environment favoring defensive type stocks and a trend lower in interest rates, but we note utilities sector valuations appear expensive. GUT presents higher risk at current levels and will likely under perform to the downside during a market correction. Gabelli Utility Trust This article presents an overview of the fund and our reasons why we rate GUT as a sell. GUT stock price chart. Source: FinViz.com Premium to NAV It's not often we come across statements by the fund's own management team serving as a warning that the premium to NAV is excessive and unsustainable. That's exactly what was included in GUT's last quarterly update As a refresher for our shareholders, the price of a closed-end fund is determined in the open market by willi
Show less
Read more
Impact Snapshot
Event Time:
GUT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GUT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GUT alerts
High impacting Gabelli Utility Trust (The) news events
Weekly update
A roundup of the hottest topics
GUT
Sec Filings
- 4/3/24 - Form DEFR14A
- 3/22/24 - Form DEFA14A
- 3/22/24 - Form DEF
- GUT's page on the SEC website