GAMCO Investors Inc. (GBL) Plans Quarterly Dividend of $0.06
GAMCO Investors (NYSE:GBL) declared a quarterly dividend on Tuesday, February 4th, AR Network reports. Stockholders of record on Tuesday, March 11th will be given a dividend of 0.06 per share on Tuesday, March 25th. This represents a $0.24 dividend on an annualized basis and a yield of 0.31%.
On the ratings front, analysts at Zacks downgraded shares of GAMCO Investors from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 7th. They now have a $90.30 price target on the stock.
Shares of GAMCO Investors (NYSE:GBL) traded up 3.48% on Tuesday, hitting $77.30. 15,328 shares of the company’s stock traded hands. GAMCO Investors has a 1-year low of $44.51 and a 1-year high of $90.20. The stock’s 50-day moving average is $83.68 and its 200-day moving average is $73.0. The company has a market cap of $1.978 billion and a P/E ratio of 19.09.
GAMCO Investors, Inc (NYSE:GBL) is a provider of investment advisory services to mutual funds, institutional and private wealth management investors, and investment partnerships, principally in the United States.
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