Gamco Investors, Inc. (NYSE:GBL) insider Der Eb Henry Van sold 474 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $28.83, for a total value of $13,665.42. Following the transaction, the insider now owns 882 shares in the company, valued at approximately $25,428.06. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Gamco Investors, Inc. (GBL) opened at 28.97 on Wednesday. The firm has a 50 day moving average price of $29.86 and a 200-day moving average price of $29.51. Gamco Investors, Inc. has a one year low of $27.55 and a one year high of $33.55. The firm has a market cap of $836.65 million, a P/E ratio of 7.89 and a beta of 1.08.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 26th. Stockholders of record on Tuesday, September 12th will be issued a dividend of $0.02 per share. The ex-dividend date is Monday, September 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.28%. Gamco Investors’s dividend payout ratio is currently 2.17%.

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Separately, BidaskClub raised Gamco Investors from a “sell” rating to a “hold” rating in a report on Monday, July 24th.

Several institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its holdings in shares of Gamco Investors by 2.1% during the first quarter. Wells Fargo & Company MN now owns 4,584 shares of the closed-end fund’s stock worth $135,000 after purchasing an additional 96 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Gamco Investors by 0.5% during the first quarter. Alliancebernstein L.P. now owns 19,755 shares of the closed-end fund’s stock worth $585,000 after purchasing an additional 100 shares during the period. Advisory Services Network LLC boosted its holdings in shares of Gamco Investors by 5.9% during the second quarter. Advisory Services Network LLC now owns 8,238 shares of the closed-end fund’s stock worth $244,000 after purchasing an additional 459 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Gamco Investors by 9.7% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 8,004 shares of the closed-end fund’s stock worth $237,000 after purchasing an additional 709 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Gamco Investors by 6.1% during the second quarter. Goldman Sachs Group Inc. now owns 14,890 shares of the closed-end fund’s stock worth $441,000 after purchasing an additional 852 shares during the period. Institutional investors own 25.35% 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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