GAMCO Investors (NYSE:GBL) Upgraded to Strong-Buy by StockNews.com

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GAMCO Investors (NYSE:GBLGet Rating) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

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

GAMCO Investors Stock Down 0.1 %

GAMCO Investors stock opened at $20.74 on Thursday. GAMCO Investors has a fifty-two week low of $18.30 and a fifty-two week high of $29.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.39 and a current ratio of 2.92. The company has a market capitalization of $549.65 million, a P/E ratio of 7.41 and a beta of 1.42. The stock has a 50-day simple moving average of $20.73 and a 200-day simple moving average of $21.22.

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

Institutional Trading of GAMCO Investors

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC raised its stake in GAMCO Investors by 60.6% during the 4th quarter. Lazard Asset Management LLC now owns 1,516 shares of the closed-end fund’s stock valued at $37,000 after acquiring an additional 572 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in GAMCO Investors by 32.1% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 12,495 shares of the closed-end fund’s stock valued at $312,000 after acquiring an additional 3,037 shares during the last quarter. Denali Advisors LLC raised its stake in GAMCO Investors by 1.0% during the 1st quarter. Denali Advisors LLC now owns 61,542 shares of the closed-end fund’s stock valued at $1,361,000 after acquiring an additional 600 shares during the last quarter. Strs Ohio raised its stake in GAMCO Investors by 1.9% during the 2nd quarter. Strs Ohio now owns 26,900 shares of the closed-end fund’s stock valued at $562,000 after acquiring an additional 500 shares during the last quarter. Finally, Martingale Asset Management L P increased its position in GAMCO Investors by 33.6% during the 1st quarter. Martingale Asset Management L P now owns 17,106 shares of the closed-end fund’s stock worth $379,000 after purchasing an additional 4,303 shares during the period. 33.55% of the stock is owned by hedge funds and other institutional investors.

GAMCO Investors Company Profile

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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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