Gamco Investors (NYSE:GBL) Stock Price Passes Above 200-Day Moving Average of $0.00

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Gamco Investors Inc (NYSE:GBL)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $17.66. Gamco Investors shares last traded at $17.47, with a volume of 3,635 shares.

The stock has a market capitalization of $498.64 million, a price-to-earnings ratio of 4.84 and a beta of 1.53. The firm has a fifty day moving average of $19.60 and a 200 day moving average of $19.87. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.16 and a quick ratio of 0.80.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Monday, September 9th.

A number of institutional investors have recently bought and sold shares of GBL. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Gamco Investors during the first quarter worth approximately $201,000. Swiss National Bank boosted its position in Gamco Investors by 16.6% during the second quarter. Swiss National Bank now owns 11,238 shares of the closed-end fund’s stock worth $215,000 after purchasing an additional 1,600 shares in the last quarter. Wells Fargo & Company MN boosted its position in Gamco Investors by 10.9% during the second quarter. Wells Fargo & Company MN now owns 12,077 shares of the closed-end fund’s stock worth $232,000 after purchasing an additional 1,188 shares in the last quarter. Marshall Wace LLP boosted its position in Gamco Investors by 85.4% during the first quarter. Marshall Wace LLP now owns 12,811 shares of the closed-end fund’s stock worth $263,000 after purchasing an additional 5,901 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in Gamco Investors by 72.5% during the fourth quarter. Deutsche Bank AG now owns 16,240 shares of the closed-end fund’s stock worth $272,000 after purchasing an additional 6,824 shares in the last quarter. 24.07% of the stock is currently owned by hedge funds and other institutional investors.

About Gamco Investors (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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