Gamco Investors (NYSE:GBL) was downgraded by research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report released on Friday, February 2nd.
Gamco Investors (NYSE:GBL) opened at $26.56 on Friday. The firm has a market capitalization of $776.00, a PE ratio of 10.13 and a beta of 0.98. The company has a quick ratio of 0.90, a current ratio of 1.67 and a debt-to-equity ratio of -1.95. Gamco Investors has a one year low of $25.96 and a one year high of $32.60.
In other Gamco Investors news, insider Der Eb Henry Van sold 882 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $29.13, for a total value of $25,692.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 80.02% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in GBL. Alliancebernstein L.P. increased its stake in Gamco Investors by 0.7% in the 2nd quarter. Alliancebernstein L.P. now owns 19,885 shares of the closed-end fund’s stock worth $589,000 after acquiring an additional 130 shares during the last quarter. New York State Common Retirement Fund increased its stake in Gamco Investors by 18.3% in the 2nd quarter. New York State Common Retirement Fund now owns 9,348 shares of the closed-end fund’s stock worth $277,000 after acquiring an additional 1,448 shares during the last quarter. Northern Trust Corp increased its stake in Gamco Investors by 5.1% in the 2nd quarter. Northern Trust Corp now owns 66,382 shares of the closed-end fund’s stock worth $1,965,000 after acquiring an additional 3,241 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Gamco Investors by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 380,109 shares of the closed-end fund’s stock valued at $11,252,000 after purchasing an additional 3,266 shares during the last quarter. Finally, Parametric Portfolio Associates LLC bought a new position in shares of Gamco Investors during the 2nd quarter valued at about $201,000. Institutional investors and hedge funds own 18.10% of the company’s stock.
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Gamco Investors Company Profile
GAMCO Investors, Inc is a holding company. The Company is a provider of investment advisory services to open and closed-end funds, institutional and private wealth management investors principally in the United States. The Company operates through the investment advisory and asset management business segment.
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