Ajo LP raised its position in Gamco Investors Inc. (NYSE:GBL) by 8.2% during the second quarter, Holdings Channel reports. The fund owned 16,591 shares of the closed-end fund’s stock after buying an additional 1,255 shares during the period. Ajo LP owned about 0.06% of Gamco Investors worth $544,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in GBL. Rice Hall James & Associates LLC increased its position in Gamco Investors by 1.5% in the second quarter. Rice Hall James & Associates LLC now owns 55,593 shares of the closed-end fund’s stock worth $1,822,000 after buying an additional 830 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Gamco Investors by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 166,844 shares of the closed-end fund’s stock worth $6,183,000 after buying an additional 1,058 shares during the last quarter. Renaissance Technologies LLC increased its position in Gamco Investors by 22.5% in the first quarter. Renaissance Technologies LLC now owns 70,200 shares of the closed-end fund’s stock worth $2,602,000 after buying an additional 12,900 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in Gamco Investors during the second quarter worth approximately $472,000. Finally, Dimensional Fund Advisors LP increased its position in Gamco Investors by 16.7% in the second quarter. Dimensional Fund Advisors LP now owns 117,660 shares of the closed-end fund’s stock worth $3,856,000 after buying an additional 16,854 shares during the last quarter. 23.56% of the stock is owned by institutional investors.
Shares of Gamco Investors Inc. (NYSE:GBL) traded up 1.55% during trading on Thursday, reaching $29.54. 3,382 shares of the company traded hands. Gamco Investors Inc. has a 12 month low of $25.95 and a 12 month high of $41.67. The stock has a market capitalization of $863.28 million, a PE ratio of 9.29 and a beta of 1.37. The company has a 50-day moving average of $30.61 and a 200-day moving average of $34.76.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 27th. Shareholders of record on Tuesday, September 13th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend is Friday, September 9th. Gamco Investors’s dividend payout ratio (DPR) is currently 2.56%.
Separately, Zacks Investment Research raised shares of Gamco Investors from a “strong sell” rating to a “hold” rating in a report on Monday, July 18th.
Gamco Investors Company Profile
GAMCO Investors, Inc (GBL) is a holding company. Through its subsidiaries, the Company provides investment advisory services to open and closed-end funds, institutional and private wealth management (PWM) investors in the United States. The Company operates in the segment of investment advisory and asset management business.
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