GAMCO Investors (NYSE:GBL) Lowered to Buy at StockNews.com

StockNews.com lowered shares of GAMCO Investors (NYSE:GBL – Get Rating) from a strong-buy rating to a buy rating in a report released on Tuesday.

Separately, TheStreet raised shares of GAMCO Investors from a c+ rating to a b rating in a report on Thursday, May 19th.

NYSE GBL opened at $20.87 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.92 and a quick ratio of 2.39. GAMCO Investors has a 1 year low of $19.52 and a 1 year high of $29.80. The company has a market capitalization of $553.10 million, a PE ratio of 7.45 and a beta of 1.52. The company has a fifty day moving average of $20.93 and a two-hundred day moving average of $22.67.

GAMCO Investors (NYSE:GBL – Get Rating) last released its quarterly earnings data on Tuesday, May 3rd. The closed-end fund reported $0.66 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.66. GAMCO Investors had a net margin of 24.67% and a return on equity of 85.22%. The company had revenue of $69.62 million during the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 28th. Stockholders of record on Tuesday, June 14th will be issued a $0.04 dividend. The ex-dividend date is Monday, June 13th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.77%. GAMCO Investors’s payout ratio is 5.71%.

Several large investors have recently made changes to their positions in GBL. Citigroup Inc. raised its holdings in shares of GAMCO Investors by 129.9% in the fourth quarter. Citigroup Inc. now owns 1,124 shares of the closed-end fund’s stock valued at $28,000 after buying an additional 635 shares during the last quarter. Acadian Asset Management LLC purchased a new position in GAMCO Investors during the fourth quarter worth about $36,000. Lazard Asset Management LLC raised its holdings in GAMCO Investors by 60.6% during the fourth quarter. Lazard Asset Management LLC now owns 1,516 shares of the closed-end fund’s stock worth $37,000 after purchasing an additional 572 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in GAMCO Investors by 174.2% during the fourth quarter. BNP Paribas Arbitrage SA now owns 1,917 shares of the closed-end fund’s stock worth $48,000 after purchasing an additional 1,218 shares in the last quarter. Finally, Barclays PLC raised its holdings in GAMCO Investors by 202.1% during the third quarter. Barclays PLC now owns 2,127 shares of the closed-end fund’s stock worth $56,000 after purchasing an additional 1,423 shares in the last quarter. 33.55% of the stock is owned by institutional investors and hedge funds.

GAMCO Investors Company Profile (Get Rating)

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.

Read More