First Quadrant L P CA increased its stake in shares of Gamco Investors, Inc. (NYSE:GBL) by 2,262.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 18,896 shares of the closed-end fund’s stock after buying an additional 18,096 shares during the period. First Quadrant L P CA owned 0.07% of Gamco Investors worth $559,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its stake in shares of Gamco Investors by 2.1% in the first quarter. Wells Fargo & Company MN now owns 4,584 shares of the closed-end fund’s stock valued at $135,000 after buying an additional 96 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Gamco Investors during the fourth quarter worth about $197,000. Advisory Services Network LLC acquired a new position in shares of Gamco Investors during the first quarter worth about $230,000. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Gamco Investors by 9.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 8,004 shares of the closed-end fund’s stock worth $237,000 after buying an additional 709 shares during the last quarter. Finally, Menta Capital LLC acquired a new position in shares of Gamco Investors during the first quarter worth about $342,000. Hedge funds and other institutional investors own 25.64% of the company’s stock.
Shares of Gamco Investors, Inc. (NYSE:GBL) opened at 29.81 on Thursday. The company has a 50-day moving average of $30.21 and a 200-day moving average of $29.56. The stock has a market capitalization of $860.91 million, a P/E ratio of 8.12 and a beta of 1.07. Gamco Investors, Inc. has a 12-month low of $27.55 and a 12-month high of $33.55.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 26th. Investors of record on Tuesday, September 12th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Monday, September 11th. This represents a $0.08 dividend on an annualized basis and a yield of 0.27%. Gamco Investors’s dividend payout ratio is currently 2.17%.
TRADEMARK VIOLATION WARNING: “First Quadrant L P CA Has $559,000 Position in Gamco Investors, Inc. (NYSE:GBL)” was published by BBNS and is the sole property of of BBNS. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://baseballnewssource.com/markets/first-quadrant-l-p-ca-has-559000-stake-in-gamco-investors-inc-nysegbl-updated-updated/1312308.html.
Separately, BidaskClub downgraded shares of Gamco Investors from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th.
Gamco Investors Company Profile
GAMCO Investors, Inc is a holding company. The Company is a provider of investment advisory services to open and closed-end funds, institutional and private wealth management investors principally in the United States. The Company operates through the investment advisory and asset management business segment.
Receive News & Ratings for Gamco Investors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gamco Investors Inc. and related companies with our FREE daily email newsletter.