Gamco Investors (GBL) Reaches New 12-Month Low at $25.62

Gamco Investors Inc (NYSE:GBL) reached a new 52-week low on Tuesday . The company traded as low as $25.62 and last traded at $25.62, with a volume of 9388 shares trading hands. The stock had previously closed at $26.12.

Separately, ValuEngine downgraded Gamco Investors from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd.

The firm has a market cap of $761.42, a price-to-earnings ratio of 10.08 and a beta of 0.98. The company has a debt-to-equity ratio of -1.95, a current ratio of 1.67 and a quick ratio of 0.90.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 27th. Stockholders of record on Tuesday, March 13th will be issued a $0.02 dividend. The ex-dividend date is Monday, March 12th. This represents a $0.08 annualized dividend and a dividend yield of 0.31%. Gamco Investors’s dividend payout ratio is currently 3.09%.

In other news, insider Der Eb Henry Van sold 882 shares of Gamco Investors 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 transaction was disclosed in a filing with the SEC, which is available at this link. 80.02% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in Gamco Investors during the 3rd quarter valued at about $113,000. The Manufacturers Life Insurance Company increased its holdings in Gamco Investors by 219.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,794 shares of the closed-end fund’s stock valued at $113,000 after purchasing an additional 2,606 shares during the period. Wells Fargo & Company MN increased its holdings in Gamco Investors by 61.0% during the 3rd quarter. Wells Fargo & Company MN now owns 4,966 shares of the closed-end fund’s stock valued at $148,000 after purchasing an additional 1,881 shares during the period. Parametric Portfolio Associates LLC purchased a new position in Gamco Investors during the 2nd quarter valued at about $201,000. Finally, SG Americas Securities LLC purchased a new position in Gamco Investors during the 3rd quarter valued at about $235,000. Hedge funds and other institutional investors own 18.18% of the company’s stock.

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About Gamco Investors

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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