GAMCO Investors (NYSE:GBL) updated its first quarter 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.550-0.590 for the period. The company issued revenue guidance of -.
Shares of GAMCO Investors stock traded up $0.71 during mid-day trading on Tuesday, hitting $20.84. 29,641 shares of the stock were exchanged, compared to its average volume of 21,533. The stock has a market capitalization of $572.10 million, a price-to-earnings ratio of 8.90 and a beta of 1.64. The company has a current ratio of 0.84, a quick ratio of 0.64 and a debt-to-equity ratio of 0.26. GAMCO Investors has a twelve month low of $10.49 and a twelve month high of $21.71. The company has a 50-day simple moving average of $18.72 and a 200 day simple moving average of $17.07.
GAMCO Investors (NYSE:GBL) last posted its quarterly earnings results on Tuesday, February 2nd. The closed-end fund reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.03. The firm had revenue of $71.35 million during the quarter. GAMCO Investors had a return on equity of 89.28% and a net margin of 23.07%.
In related news, CEO Mario J. Gabelli sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 3rd. The stock was sold at an average price of $19.14, for a total value of $76,560.00. Following the sale, the chief executive officer now owns 8,642 shares of the company’s stock, valued at approximately $165,407.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mario J. Gabelli sold 8,810 shares of the company’s stock in a transaction dated Friday, February 19th. The stock was sold at an average price of $20.07, for a total transaction of $176,816.70. Over the last ninety days, insiders sold 17,185 shares of company stock worth $342,674. 79.60% of the stock is currently owned by corporate insiders.
GAMCO Investors Company Profile
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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