Nisa Investment Advisors LLC maintained its stake in Gamco Investors Inc. (NYSE:GBL) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,300 shares of the closed-end fund’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Gamco Investors were worth $108,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of GBL. Renaissance Technologies LLC boosted its stake 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 period. Bogle Investment Management L P DE purchased a new stake in Gamco Investors during the first quarter worth approximately $840,000. Finally, Royce & Associates LP boosted its stake in 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 period. Institutional investors and hedge funds own 23.56% of the company’s stock.
Shares of Gamco Investors Inc. (NYSE:GBL) traded down 1.32% during trading on Friday, reaching $28.47. The company had a trading volume of 65,686 shares. Gamco Investors Inc. has a 52-week low of $25.95 and a 52-week high of $41.67. The stock has a 50 day moving average of $30.04 and a 200 day moving average of $34.37. The stock has a market capitalization of $832.01 million, a price-to-earnings ratio of 8.95 and a beta of 1.37.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 27th. Investors of record on Tuesday, September 13th were given a dividend of $0.02 per share. The ex-dividend date was Friday, September 9th. This represents a $0.08 dividend on an annualized basis and a yield of 0.28%. Gamco Investors’s dividend payout ratio (DPR) is 2.56%.
Separately, Zacks Investment Research upgraded Gamco Investors from a “strong sell” rating to a “hold” rating in a research report on Monday, July 18th.
About Gamco Investors
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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