ValuEngine cut shares of Gamco Investors (NYSE:GBL) from a strong-buy rating to a buy rating in a report published on Friday.

Gamco Investors (GBL) opened at $28.20 on Friday. The company has a debt-to-equity ratio of -1.95, a current ratio of 1.67 and a quick ratio of 0.90. Gamco Investors has a 52-week low of $27.55 and a 52-week high of $32.60. The firm has a market capitalization of $822.06, a PE ratio of 9.96 and a beta of 0.98.

Gamco Investors (NYSE:GBL) last issued its earnings results on Tuesday, November 7th. The closed-end fund reported $0.70 earnings per share for the quarter. Gamco Investors had a negative return on equity of 63.12% and a net margin of 26.81%. The company had revenue of $88.34 million for the quarter.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 27th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.28%. The ex-dividend date was Tuesday, December 26th. Gamco Investors’s payout ratio is currently 2.50%.

In other Gamco Investors news, insider Der Eb Henry Van sold 882 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $29.13, for a total value of $25,692.66. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 80.02% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new position in Gamco Investors in the 3rd quarter worth about $113,000. Wells Fargo & Company MN increased its position in Gamco Investors by 61.0% in the 3rd quarter. Wells Fargo & Company MN now owns 4,966 shares of the closed-end fund’s stock worth $148,000 after purchasing an additional 1,881 shares during the last quarter. Parametric Portfolio Associates LLC acquired a new position in Gamco Investors in the 2nd quarter worth about $201,000. SG Americas Securities LLC acquired a new position in Gamco Investors in the 3rd quarter worth about $235,000. Finally, Advisory Services Network LLC increased its position in Gamco Investors by 5.9% in the 2nd 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 last quarter. 25.55% of the stock is currently owned by institutional investors.

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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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