Gamco Investors (GBL) Stock Rating Upgraded by TheStreet
Separately, ValuEngine cut shares of Gamco Investors from a hold rating to a sell rating in a research note on Saturday, June 2nd.
Shares of NYSE GBL opened at $25.78 on Wednesday. The company has a market cap of $754.84 million, a PE ratio of 6.76 and a beta of 1.06. Gamco Investors has a 12 month low of $23.42 and a 12 month high of $30.94. The company has a debt-to-equity ratio of -0.98, a quick ratio of 0.55 and a current ratio of 0.79.
In other news, insider Diane Lapointe sold 3,996 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $26.15, for a total transaction of $104,495.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 80.97% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of GBL. Renaissance Technologies LLC grew its stake in shares of Gamco Investors by 82.2% during the 4th quarter. Renaissance Technologies LLC now owns 94,000 shares of the closed-end fund’s stock worth $2,787,000 after purchasing an additional 42,400 shares during the period. Deutsche Bank AG grew its stake in shares of Gamco Investors by 159.7% during the 4th quarter. Deutsche Bank AG now owns 58,166 shares of the closed-end fund’s stock worth $1,722,000 after purchasing an additional 35,771 shares during the period. Guggenheim Capital LLC grew its stake in shares of Gamco Investors by 19.9% during the 4th quarter. Guggenheim Capital LLC now owns 19,741 shares of the closed-end fund’s stock worth $585,000 after purchasing an additional 3,270 shares during the period. Greenwich Wealth Management LLC grew its stake in shares of Gamco Investors by 215.1% during the 1st quarter. Greenwich Wealth Management LLC now owns 160,093 shares of the closed-end fund’s stock worth $3,975,000 after purchasing an additional 109,293 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Gamco Investors by 36.9% during the 1st quarter. Wells Fargo & Company MN now owns 9,078 shares of the closed-end fund’s stock worth $226,000 after purchasing an additional 2,449 shares during the period. 17.21% of the stock is currently owned by institutional investors and hedge funds.
Gamco Investors Company Profile
GAMCO Investors, Inc is a publicly owned holding investment manager. The firm also provides wealth management, investment advisory, institutional research, brokerage, dealer, underwriting, and distribution services to its clients. It provides its services to individuals including high net worth individuals, corporate pension and profit-sharing plans, foundations, endowments, jointly trust plans, municipalities, and investment companies.
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