ValuEngine Downgrades Gamco Investors (GBL) to Buy

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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