Citadel Advisors LLC boosted its holdings in shares of Gamco Investors Inc (NYSE:GBL) by 84.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,346 shares of the closed-end fund’s stock after purchasing an additional 8,863 shares during the period. Citadel Advisors LLC owned about 0.07% of Gamco Investors worth $574,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Gamco Investors by 0.9% during the second quarter. Vanguard Group Inc. now owns 380,109 shares of the closed-end fund’s stock worth $11,252,000 after buying an additional 3,266 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Gamco Investors by 8.8% in the third quarter. Dimensional Fund Advisors LP now owns 165,287 shares of the closed-end fund’s stock valued at $4,919,000 after purchasing an additional 13,430 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Gamco Investors by 5.0% in the fourth quarter. Bank of New York Mellon Corp now owns 75,602 shares of the closed-end fund’s stock valued at $2,242,000 after purchasing an additional 3,577 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Gamco Investors by 5.1% in the second quarter. Northern Trust Corp now owns 66,382 shares of the closed-end fund’s stock valued at $1,965,000 after purchasing an additional 3,241 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Gamco Investors by 6.1% in the second quarter. Goldman Sachs Group Inc. now owns 14,890 shares of the closed-end fund’s stock valued at $441,000 after purchasing an additional 852 shares in the last quarter. Hedge funds and other institutional investors own 18.28% of the company’s stock.
Shares of Gamco Investors Inc (NYSE:GBL) traded up $0.09 during trading on Friday, hitting $26.78. 23,724 shares of the company were exchanged, compared to its average volume of 24,552. The company has a current ratio of 0.54, a quick ratio of 0.90 and a debt-to-equity ratio of -0.41. Gamco Investors Inc has a fifty-two week low of $25.33 and a fifty-two week high of $32.60. The firm has a market capitalization of $792.32, a price-to-earnings ratio of 9.60 and a beta of 1.03.
Gamco Investors (NYSE:GBL) last released its earnings results on Tuesday, February 6th. The closed-end fund reported $0.78 EPS for the quarter. Gamco Investors had a net margin of 21.58% and a negative return on equity of 72.20%. The firm had revenue of $98.67 million during the quarter.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Tuesday, March 13th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Monday, March 12th. Gamco Investors’s dividend payout ratio is presently 3.09%.
Separately, ValuEngine lowered shares of Gamco Investors from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd.
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Gamco Investors 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.
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