BidaskClub upgraded shares of Gamco Investors, Inc. (NYSE:GBL) from a sell rating to a hold rating in a research note released on Wednesday morning.

Gamco Investors (GBL) opened at 29.62 on Wednesday. Gamco Investors has a 52-week low of $27.55 and a 52-week high of $33.55. The company’s 50 day moving average is $30.18 and its 200-day moving average is $29.58. The stock has a market cap of $855.43 million, a PE ratio of 8.07 and a beta of 1.07.

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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 26th. Investors of record on Tuesday, September 12th will be issued a $0.02 dividend. The ex-dividend date is Monday, September 11th. This represents a $0.08 dividend on an annualized basis and a yield of 0.27%. Gamco Investors’s dividend payout ratio is currently 2.17%.

Institutional investors have recently added to or reduced their stakes in the company. Barr E S & Co. increased its position in Gamco Investors by 1.8% in the second quarter. Barr E S & Co. now owns 529,250 shares of the closed-end fund’s stock worth $15,666,000 after buying an additional 9,237 shares in the last quarter. Vanguard Group Inc. increased its position in Gamco Investors by 0.9% in the second quarter. Vanguard Group Inc. now owns 380,109 shares of the closed-end fund’s stock worth $11,252,000 after buying an additional 3,266 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Gamco Investors by 12.2% in the second quarter. Dimensional Fund Advisors LP now owns 151,857 shares of the closed-end fund’s stock worth $4,495,000 after buying an additional 16,484 shares in the last quarter. State Street Corp increased its position in Gamco Investors by 0.5% in the fourth quarter. State Street Corp now owns 111,228 shares of the closed-end fund’s stock worth $3,433,000 after buying an additional 561 shares in the last quarter. Finally, Rice Hall James & Associates LLC increased its position in Gamco Investors by 27.0% in the second quarter. Rice Hall James & Associates LLC now owns 74,724 shares of the closed-end fund’s stock worth $2,212,000 after buying an additional 15,894 shares in the last quarter. Hedge funds and other institutional investors own 25.64% of the company’s stock.

About Gamco Investors

GAMCO Investors, Inc is a holding company. The Company is a provider of investment advisory services to open and closed-end funds, institutional and private wealth management investors principally in the United States. The Company operates through the investment advisory and asset management business segment.

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