Somewhat Favorable News Coverage Somewhat Unlikely to Impact Gamco Investors (GBL) Stock Price
News articles about Gamco Investors (NYSE:GBL) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gamco Investors earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned media coverage about the closed-end fund an impact score of 45.5878403166979 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Separately, BidaskClub lowered shares of Gamco Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th.
Gamco Investors (NYSE:GBL) opened at $28.65 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.67 and a debt-to-equity ratio of -1.95. Gamco Investors has a 12 month low of $27.55 and a 12 month high of $33.55. The firm has a market cap of $835.47, a P/E ratio of 10.13 and a beta of 1.04.
In other Gamco Investors news, insider Kieran Caterina sold 2,325 shares of the firm’s 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 transaction, the insider now directly owns 5,242 shares of the company’s stock, valued at approximately $154,481.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 80.02% of the company’s stock.
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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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