BlackRock Inc. increased its position in Gamco Investors Inc (NYSE:GBL) by 57.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 598,177 shares of the closed-end fund’s stock after purchasing an additional 218,290 shares during the period. BlackRock Inc. owned 2.06% of Gamco Investors worth $10,102,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in Gamco Investors by 18.9% in the third quarter. JPMorgan Chase & Co. now owns 37,725 shares of the closed-end fund’s stock valued at $884,000 after buying an additional 6,001 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Gamco Investors by 7.6% in the third quarter. Dimensional Fund Advisors LP now owns 263,420 shares of the closed-end fund’s stock valued at $6,170,000 after buying an additional 18,568 shares in the last quarter. Vanguard Group Inc. lifted its stake in Gamco Investors by 1.1% in the third quarter. Vanguard Group Inc. now owns 455,592 shares of the closed-end fund’s stock valued at $10,669,000 after buying an additional 5,163 shares in the last quarter. Vanguard Group Inc lifted its stake in Gamco Investors by 1.1% in the third quarter. Vanguard Group Inc now owns 455,592 shares of the closed-end fund’s stock valued at $10,669,000 after buying an additional 5,163 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in Gamco Investors by 10.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 16,503 shares of the closed-end fund’s stock valued at $279,000 after buying an additional 1,503 shares in the last quarter. 23.56% of the stock is currently owned by institutional investors.
Shares of GBL opened at $20.95 on Monday. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.89 and a current ratio of 1.22. Gamco Investors Inc has a twelve month low of $16.26 and a twelve month high of $28.31. The company has a market capitalization of $605.66 million, a price-to-earnings ratio of 5.02 and a beta of 1.39.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Monday, April 15th.
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Gamco Investors 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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