Gamco Investors Inc. (GBL) Upgraded to Hold by Zacks Investment Research
According to Zacks, “GAMCO Investors, Inc., through its subsidiaries, manages assets in private advisory accounts (GAMCO Asset Management Inc.), mutual funds and closed-end funds (Gabelli Funds, LLC) and partnerships and offshore funds (Investment Partnerships). “
Shares of Gamco Investors (NYSE:GBL) traded down 0.24% during trading on Wednesday, reaching $28.82. The company had a trading volume of 1,536 shares. The firm has a market capitalization of $842.24 million, a P/E ratio of 9.06 and a beta of 1.27. The company has a 50 day moving average of $29.80 and a 200-day moving average of $34.17. Gamco Investors has a 52-week low of $25.95 and a 52-week high of $41.67.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 27th. Stockholders of record on Tuesday, September 13th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend was Friday, September 9th. Gamco Investors’s dividend payout ratio is currently 2.56%.
Several large investors have recently added to or reduced their stakes in the company. Paloma Partners Management Co acquired a new stake in Gamco Investors during the second quarter worth approximately $247,000. Menta Capital LLC acquired a new stake in Gamco Investors during the second quarter worth approximately $280,000. O Shaughnessy Asset Management LLC raised its stake in Gamco Investors by 2,106.1% in the second quarter. O Shaughnessy Asset Management LLC now owns 8,979 shares of the closed-end fund’s stock worth $294,000 after buying an additional 8,572 shares in the last quarter. Panagora Asset Management Inc. acquired a new stake in Gamco Investors during the second quarter worth approximately $297,000. Finally, Bridgeway Capital Management Inc. raised its stake in Gamco Investors by 1.0% in the second quarter. Bridgeway Capital Management Inc. now owns 10,100 shares of the closed-end fund’s stock worth $331,000 after buying an additional 100 shares in the last quarter. 23.56% of the stock is currently owned by institutional investors.
Gamco Investors Company Profile
GAMCO Investors, Inc (GBL) is a holding company. Through its subsidiaries, the Company provides investment advisory services to open and closed-end funds, institutional and private wealth management (PWM) investors in the United States. The Company operates in the segment of investment advisory and asset management business.
Receive News & Stock Ratings for Gamco Investors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gamco Investors Inc. and related stocks with our FREE daily email newsletter.