Gamco Investors Inc. (NYSE:GBL)’s share price traded down 3.4% during mid-day trading on Wednesday . The company traded as low as $31.75 and last traded at $32.49, with a volume of 55,028 shares traded. The stock had previously closed at $33.64.

Separately, Zacks Investment Research cut shares of Gamco Investors from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th.

The firm has a market cap of $949.91 million and a PE ratio of 10.25. The stock has a 50-day moving average price of $34.01 and a 200 day moving average price of $34.98.

Gamco Investors (NYSE:GBL) last released its quarterly earnings data on Thursday, May 5th. The closed-end fund reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by $0.04. Equities analysts expect that Gamco Investors Inc. will post $3.80 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 27th. Investors of record on Tuesday, September 13th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Friday, September 9th.

In other Gamco Investors news, CEO Mario J. Gabelli acquired 2,000 shares of Gamco Investors stock in a transaction that occurred on Monday, June 13th. The stock was acquired at an average price of $34.38 per share, with a total value of $68,760.00. Following the purchase, the chief executive officer now owns 2,000 shares in the company, valued at $68,760. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

A hedge fund recently raised its stake in Gamco Investors stock. Dimensional Fund Advisors LP boosted its stake in Gamco Investors Inc. (NYSE:GBL) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 89,915 shares of the closed-end fund’s stock after buying an additional 3,718 shares during the period. Dimensional Fund Advisors LP owned 0.36% of Gamco Investors worth $2,791,000 at the end of the most recent quarter.

GAMCO Investors, Inc (GBL) is a holding company. Through its subsidiaries, the Company provides investment advisory services to open and closed-end funds, institutional and private wealth management (PWM) investors in the United States. The Company operates in the segment of investment advisory and asset management business.

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