According to Zacks, “GAMCO Investors, Inc., through its subsidiaries, manages assets in private advisory accounts (GAMCO Asset Management Inc.), mutual funds and closed-end funds (Gabelli Funds, LLC) and partnerships and offshore funds (Investment Partnerships). “
Shares of Gamco Investors (NYSE:GBL) opened at 29.19 on Wednesday. The stock’s 50 day moving average is $29.63 and its 200-day moving average is $33.97. The company has a market cap of $853.05 million, a PE ratio of 9.18 and a beta of 1.27. Gamco Investors has a one year low of $25.95 and a one year high of $41.67.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 27th. Stockholders of record on Tuesday, September 13th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, September 9th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.27%. Gamco Investors’s dividend payout ratio is currently 2.56%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Paloma Partners Management Co purchased a new position in Gamco Investors during the second quarter worth approximately $247,000. Menta Capital LLC purchased a new position in Gamco Investors during the second quarter worth approximately $280,000. O Shaughnessy Asset Management LLC increased its position in Gamco Investors by 2,106.1% in the second quarter. O Shaughnessy Asset Management LLC now owns 8,979 shares of the closed-end fund’s stock worth $294,000 after buying an additional 8,572 shares in the last quarter. Panagora Asset Management Inc. purchased a new position in Gamco Investors during the second quarter worth approximately $297,000. Finally, Bridgeway Capital Management Inc. increased its position in Gamco Investors by 1.0% in the second quarter. Bridgeway Capital Management Inc. now owns 10,100 shares of the closed-end fund’s stock worth $331,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 23.56% of the company’s stock.
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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