Insider Selling: Gamco Investors Inc (GBL) Insider Sells $25,692.66 in Stock
Gamco Investors Inc (NYSE:GBL) insider Der Eb Henry Van sold 882 shares of Gamco Investors stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $29.13, for a total transaction of $25,692.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Gamco Investors Inc (NYSE GBL) traded up $0.19 during midday trading on Friday, hitting $29.01. 74,167 shares of the stock were exchanged, compared to its average volume of 29,699. Gamco Investors Inc has a 52 week low of $27.55 and a 52 week high of $32.62. The company has a debt-to-equity ratio of -1.95, a current ratio of 1.67 and a quick ratio of 0.90. The company has a market cap of $845.09, a P/E ratio of 10.24 and a beta of 1.04.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Tuesday, December 26th. Gamco Investors’s dividend payout ratio is currently 2.50%.
Separately, BidaskClub raised shares of Gamco Investors from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd.
A number of large investors have recently modified their holdings of GBL. Vanguard Group Inc. raised its position in Gamco Investors by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 376,843 shares of the closed-end fund’s stock worth $11,150,000 after purchasing an additional 23,589 shares during the period. Dimensional Fund Advisors LP raised its position in Gamco Investors by 12.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 151,857 shares of the closed-end fund’s stock worth $4,495,000 after purchasing an additional 16,484 shares during the period. Shell Asset Management Co. purchased a new position in Gamco Investors in the 3rd quarter worth $1,058,000. Beach Investment Management LLC. purchased a new position in Gamco Investors in the 2nd quarter worth $352,000. Finally, Cigna Investments Inc. New purchased a new position in Gamco Investors in the 2nd quarter worth $283,000. Institutional investors own 25.66% of the company’s stock.
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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