California State Teachers Retirement System reduced its position in shares of Gamco Investors Inc. (NYSE:GBL) by 31.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,200 shares of the closed-end fund’s stock after selling 4,133 shares during the period. California State Teachers Retirement System’s holdings in Gamco Investors were worth $301,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Bogle Investment Management L P DE acquired a new position in shares of Gamco Investors during the first quarter worth about $840,000. Rice Hall James & Associates LLC raised its position in shares of 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. Finally, Royce & Associates LP raised its position in shares of Gamco Investors by 15.1% in the first quarter. Royce & Associates LP now owns 274,156 shares of the closed-end fund’s stock worth $10,160,000 after buying an additional 35,994 shares during the last quarter. 23.57% of the stock is currently owned by institutional investors.
Gamco Investors Inc. (NYSE:GBL) traded up 0.17% during midday trading on Tuesday, hitting $29.45. The company had a trading volume of 9,269 shares. The company’s 50 day moving average is $29.39 and its 200-day moving average is $33.71. Gamco Investors Inc. has a one year low of $25.95 and a one year high of $41.67. The company has a market cap of $860.65 million, a P/E ratio of 9.26 and a beta of 1.27.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 27th. Stockholders of record on Tuesday, September 13th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Friday, September 9th. Gamco Investors’s dividend payout ratio (DPR) is presently 2.56%.
Separately, Zacks Investment Research lowered Gamco Investors from a “buy” rating to a “hold” rating in a research report on Friday, September 9th.
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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