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.

Institutional Ownership by Quarter for Gamco Investors (NYSE:GBL)

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