Positive Media Coverage Somewhat Likely to Affect Gamco Investors (GBL) Share Price
Headlines about Gamco Investors (NYSE:GBL) have trended positive recently, according to Alpha One Sentiment. Alpha One, a service of Accern, identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Gamco Investors earned a news sentiment score of 0.28 on Alpha One’s scale. Alpha One also assigned headlines about the closed-end fund an impact score of 50 out of 100, meaning that recent news coverage is somewhat likely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Alpha One Sentiment’s scoring:
- Gamco’s Gabelli Says Fund Firm Sees Opportunity to Grow in Italy (finance.yahoo.com)
- Gamco Investors Inc to Issue Quarterly Dividend of $0.02 (GBL) (americanbankingnews.com)
- Gamco Investors posts 1Q profit (marketbeat.com)
- GAMCO Investors, Inc. Reports First Quarter 2017 Results (finance.yahoo.com)
- Favorable News Coverage Extremely Likely to Impact Gamco Investors (GBL) Share Price (americanbankingnews.com)
Gamco Investors (NYSE:GBL) traded down 0.07% on Monday, hitting $28.71. The stock had a trading volume of 31,767 shares. Gamco Investors has a 12 month low of $27.55 and a 12 month high of $38.55. The firm’s 50 day moving average price is $28.89 and its 200-day moving average price is $30.08. The stock has a market cap of $829.83 million, a PE ratio of 7.45 and a beta of 1.13.
Gamco Investors (NYSE:GBL) last released its quarterly earnings results on Tuesday, February 7th. The closed-end fund reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by $0.22. The firm had revenue of $99.95 million for the quarter. Gamco Investors had a net margin of 33.18% and a negative return on equity of 37.52%. On average, analysts forecast that Gamco Investors will post $3.73 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 11th. Stockholders of record on Tuesday, June 27th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Friday, June 23rd. Gamco Investors’s payout ratio is presently 2.05%.
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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