Gamco Investors, Inc. (GBL) Position Lowered by Citadel Advisors LLC
Citadel Advisors LLC lessened its position in shares of Gamco Investors, Inc. (NYSE:GBL) by 19.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,030 shares of the closed-end fund’s stock after selling 5,893 shares during the quarter. Citadel Advisors LLC owned about 0.24% of Gamco Investors worth $711,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN raised its stake in shares of Gamco Investors by 2.1% during the 1st quarter. Wells Fargo & Company MN now owns 4,584 shares of the closed-end fund’s stock worth $135,000 after acquiring an additional 96 shares in the last quarter. Parametric Portfolio Associates LLC bought a new position in shares of Gamco Investors during the 2nd quarter worth approximately $201,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Gamco Investors by 9.7% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 8,004 shares of the closed-end fund’s stock worth $237,000 after acquiring an additional 709 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Gamco Investors by 18.3% during the 2nd quarter. New York State Common Retirement Fund now owns 9,348 shares of the closed-end fund’s stock worth $277,000 after acquiring an additional 1,448 shares in the last quarter. Finally, Cigna Investments Inc. New bought a new position in shares of Gamco Investors during the 2nd quarter worth approximately $283,000. Hedge funds and other institutional investors own 25.35% of the company’s stock.
Separately, BidaskClub lowered shares of Gamco Investors from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th.
Gamco Investors, Inc. (GBL) opened at 30.21 on Friday. The company’s 50 day moving average is $29.23 and its 200 day moving average is $29.44. Gamco Investors, Inc. has a 1-year low of $27.55 and a 1-year high of $33.55. The company has a market cap of $872.46 million, a price-to-earnings ratio of 8.23 and a beta of 1.05.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 26th. Investors of record on Tuesday, September 12th were paid a $0.02 dividend. The ex-dividend date was Monday, September 11th. This represents a $0.08 dividend on an annualized basis and a yield of 0.26%. Gamco Investors’s dividend payout ratio is currently 2.17%.
In related news, insider Kieran Caterina sold 2,325 shares of Gamco Investors stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $29.47, for a total value of $68,517.75. Following the completion of the transaction, the insider now owns 5,242 shares in the company, valued at $154,481.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 78.99% of the stock is owned by insiders.
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Gamco Investors Company Profile
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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