GSA Capital Partners LLP lessened its stake in shares of Gamco Investors, Inc. (NYSE:GBL) by 79.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,627 shares of the closed-end fund’s stock after selling 55,812 shares during the quarter. GSA Capital Partners LLP owned 0.14% of Gamco Investors worth $433,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of GBL. Vanguard Group Inc. lifted its position in shares of Gamco Investors by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 376,843 shares of the closed-end fund’s stock worth $11,150,000 after buying an additional 23,589 shares during the period. First Quadrant L P CA lifted its position in shares of Gamco Investors by 2,262.0% during the 2nd quarter. First Quadrant L P CA now owns 18,896 shares of the closed-end fund’s stock worth $559,000 after buying an additional 18,096 shares during the period. Rice Hall James & Associates LLC lifted its position in shares of Gamco Investors by 27.0% during the 2nd quarter. Rice Hall James & Associates LLC now owns 74,724 shares of the closed-end fund’s stock worth $2,212,000 after buying an additional 15,894 shares during the period. Beach Investment Management LLC. bought a new position in shares of Gamco Investors during the 2nd quarter worth approximately $352,000. Finally, Menta Capital LLC bought a new position in shares of Gamco Investors during the 1st quarter worth approximately $342,000. Institutional investors and hedge funds own 25.35% of the company’s stock.
Gamco Investors, Inc. (NYSE:GBL) opened at 29.62 on Friday. The company’s 50 day moving average price is $29.25 and its 200 day moving average price is $29.46. The company has a market cap of $855.43 million, a P/E ratio of 8.07 and a beta of 1.05. Gamco Investors, Inc. has a 52-week low of $27.55 and a 52-week high of $33.55.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 26th. Investors of record on Tuesday, September 12th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend was Monday, September 11th. Gamco Investors’s dividend payout ratio is currently 2.17%.
In related news, insider Kieran Caterina sold 2,325 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $29.47, for a total transaction of $68,517.75. Following the sale, the insider now owns 5,242 shares of the company’s stock, valued at $154,481.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 78.99% of the company’s stock.
Separately, BidaskClub upgraded Gamco Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd.
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About Gamco Investors
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.
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