Insider Selling: Gamco Investors, Inc. (GBL) Insider Sells 882 Shares of Stock
Gamco Investors, Inc. (NYSE:GBL) insider Der Eb Henry Van sold 882 shares of the stock in a transaction dated 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 is available through this hyperlink.
Gamco Investors, Inc. (NYSE:GBL) traded down $0.23 on Thursday, hitting $28.82. 47,239 shares of the company were exchanged, compared to its average volume of 24,159. The company has a quick ratio of 0.90, a current ratio of 1.67 and a debt-to-equity ratio of -1.95. Gamco Investors, Inc. has a 12 month low of $27.55 and a 12 month high of $32.62. The firm has a market cap of $852.67, a price-to-earnings ratio of 10.34 and a beta of 1.04.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.28%. Gamco Investors’s dividend payout ratio is presently 2.50%.
Separately, BidaskClub upgraded shares of Gamco Investors from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd.
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Gamco Investors Company Profile
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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