Gamco Investors Inc. (NYSE:GBL) has received an average broker rating score of 4.00 (Sell) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell rating.
Brokers have set a one year consensus price objective of $31.00 for the company and are anticipating that the company will post $0.93 EPS for the current quarter, according to Zacks. Zacks has also given Gamco Investors an industry rank of 97 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded shares of Gamco Investors from a “strong sell” rating to a “hold” rating in a research note on Monday, July 18th.
Gamco Investors (NYSE:GBL) opened at 28.59 on Thursday. Gamco Investors has a 52 week low of $25.95 and a 52 week high of $41.67. The stock has a market capitalization of $835.51 million, a PE ratio of 8.99 and a beta of 1.27. The stock’s 50 day moving average is $29.94 and its 200-day moving average is $34.27.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 27th. Investors of record on Tuesday, September 13th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend was Friday, September 9th. Gamco Investors’s dividend payout ratio is currently 2.56%.
Several hedge funds have recently bought and sold shares of the company. Menta Capital LLC purchased a new stake in Gamco Investors during the second quarter valued at about $280,000. O Shaughnessy Asset Management LLC increased its stake in Gamco Investors by 2,106.1% in the second quarter. O Shaughnessy Asset Management LLC now owns 8,979 shares of the closed-end fund’s stock valued at $294,000 after buying an additional 8,572 shares in the last quarter. Alliancebernstein L.P. increased its stake in Gamco Investors by 10.6% in the second quarter. Alliancebernstein L.P. now owns 18,755 shares of the closed-end fund’s stock valued at $615,000 after buying an additional 1,800 shares in the last quarter. Globeflex Capital L P purchased a new stake in Gamco Investors during the second quarter valued at about $686,000. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Gamco Investors by 4.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 173,956 shares of the closed-end fund’s stock valued at $5,701,000 after buying an additional 7,112 shares in the last quarter. 23.56% of the stock is owned by institutional investors and hedge funds.
Gamco Investors Company Profile
GAMCO Investors, Inc (GBL) is a holding company. Through its subsidiaries, the Company provides investment advisory services to open and closed-end funds, institutional and private wealth management (PWM) investors in the United States. The Company operates in the segment of investment advisory and asset management business.
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