GAMCO Investors (NYSE:GBL) Reaches New 12-Month Low at $19.49

Shares of GAMCO Investors, Inc. (NYSE:GBLGet Rating) reached a new 52-week low on Monday . The company traded as low as $19.49 and last traded at $19.60, with a volume of 320 shares. The stock had previously closed at $19.99.

A number of research analysts recently weighed in on the company. TheStreet raised GAMCO Investors from a “c+” rating to a “b” rating in a report on Thursday, May 19th. StockNews.com lowered GAMCO Investors from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 2nd.

The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.39 and a current ratio of 2.92. The firm has a market capitalization of $523.15 million, a price-to-earnings ratio of 7.03 and a beta of 1.52. The business has a fifty day moving average of $20.71 and a two-hundred day moving average of $22.10.

GAMCO Investors (NYSE:GBLGet Rating) last posted its earnings results on Tuesday, May 3rd. The closed-end fund reported $0.66 earnings per share 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 for the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 28th. Shareholders of record on Tuesday, June 14th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Monday, June 13th. GAMCO Investors’s dividend payout ratio is 5.71%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Citigroup Inc. lifted its position in shares of GAMCO Investors by 129.9% during the 4th quarter. Citigroup Inc. now owns 1,124 shares of the closed-end fund’s stock valued at $28,000 after acquiring an additional 635 shares during the period. Acadian Asset Management LLC bought a new stake in shares of GAMCO Investors during the 4th quarter valued at $36,000. Lazard Asset Management LLC lifted its position in shares of GAMCO Investors by 60.6% during the 4th quarter. Lazard Asset Management LLC now owns 1,516 shares of the closed-end fund’s stock valued at $37,000 after acquiring an additional 572 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of GAMCO Investors by 174.2% during the 4th quarter. BNP Paribas Arbitrage SA now owns 1,917 shares of the closed-end fund’s stock valued at $48,000 after acquiring an additional 1,218 shares during the period. Finally, Barclays PLC lifted its position in shares of GAMCO Investors by 202.1% during the 3rd quarter. Barclays PLC now owns 2,127 shares of the closed-end fund’s stock valued at $56,000 after acquiring an additional 1,423 shares during the period. 33.55% of the stock is currently owned by hedge funds and other institutional investors.

GAMCO Investors Company Profile (NYSE:GBL)

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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