Form 4: Mario Gabelli Increases Stake in Gabelli Healthcare & WellnessRx Trust

Mario Gabelli, a director and control person of the adviser for Gabelli Healthcare & WellnessRx Trust, reports purchasing 1,000 common shares at $10.202 per share.

Summary

• On February 20, 2025, Mario J. Gabelli purchased 1,000 common shares of Gabelli Healthcare & WellnessRx Trust at a price of $10.202 per share.
• Following this transaction, Mr. Gabelli directly owns 236,925 shares.
• He also has indirect ownership through GGCP, Inc. (312,226 shares), Associated Capital Group, Inc. (8,000 shares), GPJ Retirement Partners (6,380 shares), and a trust account (3,000 shares).
• Mr. Gabelli disclaims beneficial ownership of shares held by GGCP, ACG and GPJ Retirement Partners in excess of his indirect pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. An insider purchase is generally viewed as a positive sign, but the size of the purchase is relatively small.

Positives

• Mario Gabelli's purchase of additional shares may signal confidence in the future performance of Gabelli Healthcare & WellnessRx Trust.

Industry Context

Insider transactions are closely monitored as they can provide insights into a company's prospects. Purchases by insiders may indicate a positive outlook.

Stakeholder Impact

• The purchase could have a slightly positive impact on shareholder sentiment.

Key Dates

Keywords

Gabelli Healthcare & WellnessRx Trust, Mario Gabelli, GRX, share purchase, beneficial ownership, Form 4, insider trading