Gamco Investors Inc. (NYSE:GBL) has been given a consensus broker rating score of 4.00 (Sell) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a sell rating.
Brokerages have set a 1-year consensus price target of $31.00 for the company and are predicting that the company will post $0.93 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Gamco Investors an industry rank of 94 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded Gamco Investors from a “buy” rating to a “hold” rating in a research report on Friday, September 9th.
A number of large investors have recently bought and sold shares of the stock. Paloma Partners Management Co acquired a new stake in Gamco Investors during the second quarter worth approximately $247,000. Menta Capital LLC acquired a new stake in Gamco Investors during the second quarter worth approximately $280,000. O Shaughnessy Asset Management LLC increased its stake 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. acquired a new stake in Gamco Investors during the second quarter worth approximately $297,000. Finally, Bridgeway Capital Management Inc. increased its stake 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. Institutional investors own 23.56% of the company’s stock.
Shares of Gamco Investors (NYSE:GBL) traded up 0.10% on Thursday, hitting $29.05. 4,024 shares of the stock traded hands. The firm has a market cap of $848.96 million, a PE ratio of 9.14 and a beta of 1.37. The firm has a 50 day moving average price of $30.22 and a 200 day moving average price of $34.47. Gamco Investors has a 52-week low of $25.95 and a 52-week high of $41.67.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 27th. Shareholders of record on Tuesday, September 13th were given a $0.02 dividend. The ex-dividend date of this dividend 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 is currently 2.56%.
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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