Gamco Investors, Inc. (GBL) Shares Bought by Barr E S & Co.
Barr E S & Co. grew its position in Gamco Investors, Inc. (NYSE:GBL) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 529,250 shares of the closed-end fund’s stock after buying an additional 9,237 shares during the period. Gamco Investors makes up 1.7% of Barr E S & Co.’s portfolio, making the stock its 23rd largest position. Barr E S & Co. owned approximately 5.18% of Gamco Investors worth $15,666,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Wells Fargo & Company MN grew its holdings in shares of Gamco Investors by 2.1% in the 1st quarter. Wells Fargo & Company MN now owns 4,584 shares of the closed-end fund’s stock valued at $135,000 after buying an additional 96 shares during the period. Parametric Portfolio Associates LLC acquired a new position in shares of Gamco Investors in the 2nd quarter valued at $201,000. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Gamco Investors by 9.7% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 8,004 shares of the closed-end fund’s stock valued at $237,000 after buying an additional 709 shares during the period. New York State Common Retirement Fund grew its holdings in shares of 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 valued at $277,000 after buying an additional 1,448 shares during the period. Finally, Cigna Investments Inc. New acquired a new position in shares of Gamco Investors in the 2nd quarter valued at $283,000. 25.35% of the stock is owned by institutional investors.
Separately, BidaskClub raised shares of Gamco Investors from a “sell” rating to a “hold” rating in a report on Monday, July 24th.
Shares of Gamco Investors, Inc. (GBL) traded down 0.35% during trading on Wednesday, hitting $28.79. 6,040 shares of the stock traded hands. The firm has a market capitalization of $831.46 million, a price-to-earnings ratio of 7.84 and a beta of 1.08. The firm has a 50-day moving average of $29.40 and a 200-day moving average of $29.44. Gamco Investors, Inc. has a 1-year low of $27.55 and a 1-year high of $33.55.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 26th. Investors of record on Tuesday, September 12th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Monday, September 11th. Gamco Investors’s dividend payout ratio is presently 2.17%.
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In related news, insider Kieran Caterina sold 2,325 shares of Gamco Investors stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $29.47, for a total transaction of $68,517.75. Following the completion of the transaction, the insider now owns 5,242 shares of the company’s stock, valued at $154,481.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 78.99% of the stock is owned by company insiders.
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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