GAMCO Investors (NYSE:GBL) Rating Increased to B at TheStreet

GAMCO Investors (NYSE:GBLGet Rating) was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating in a report released on Thursday, TheStreetRatingsTable reports.

Separately, StockNews.com upgraded shares of GAMCO Investors from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 9th.

NYSE GBL opened at $20.08 on Thursday. The company has a quick ratio of 2.39, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $532.12 million, a P/E ratio of 7.17 and a beta of 1.52. GAMCO Investors has a 52-week low of $19.52 and a 52-week high of $29.94. The firm has a 50-day moving average price of $20.99 and a 200 day moving average price of $22.88.

GAMCO Investors (NYSE:GBLGet Rating) last issued its earnings results on Tuesday, May 3rd. The closed-end fund reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.66. GAMCO Investors had a return on equity of 85.22% and a net margin of 24.67%. The business had revenue of $69.62 million during the quarter.

A number of hedge funds have recently modified their holdings of the stock. Citigroup Inc. grew its holdings in GAMCO Investors by 129.9% in the fourth quarter. Citigroup Inc. now owns 1,124 shares of the closed-end fund’s stock valued at $28,000 after purchasing an additional 635 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in GAMCO Investors in the 4th quarter valued at about $36,000. Lazard Asset Management LLC raised its position in GAMCO Investors by 60.6% during the fourth quarter. Lazard Asset Management LLC now owns 1,516 shares of the closed-end fund’s stock worth $37,000 after acquiring an additional 572 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of GAMCO Investors by 174.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 1,917 shares of the closed-end fund’s stock valued at $48,000 after purchasing an additional 1,218 shares in the last quarter. Finally, Barclays PLC grew its position in shares of GAMCO Investors by 202.1% in the third quarter. Barclays PLC now owns 2,127 shares of the closed-end fund’s stock valued at $56,000 after purchasing an additional 1,423 shares during the last quarter. 33.55% of the stock is owned by hedge funds and other institutional investors.

About GAMCO Investors (Get Rating)

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.

Featured Stories

Receive News & Ratings for GAMCO Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GAMCO Investors and related companies with MarketBeat.com's FREE daily email newsletter.