GAMCO Investors (NYSE:GBL) Issues Q1 2021 Earnings Guidance


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GAMCO Investors (NYSE:GBL) issued an update on its first quarter 2021 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.550-0.590 for the period. The company issued revenue guidance of -.

Shares of NYSE:GBL traded up $0.71 during midday trading on Tuesday, reaching $20.84. 29,641 shares of the company’s stock traded hands, compared to its average volume of 21,533. The company has a fifty day simple moving average of $18.72 and a two-hundred day simple moving average of $17.07. GAMCO Investors has a 1 year low of $10.49 and a 1 year high of $21.71. The company has a market cap of $572.10 million, a P/E ratio of 8.90 and a beta of 1.64. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.64 and a current ratio of 0.84.

GAMCO Investors (NYSE:GBL) last posted its quarterly earnings data on Tuesday, February 2nd. The closed-end fund reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.03. GAMCO Investors had a net margin of 23.07% and a return on equity of 89.28%. The company had revenue of $71.35 million during the quarter.

In other news, CEO Mario J. Gabelli sold 2,900 shares of the firm’s stock in a transaction dated Tuesday, February 9th. The shares were sold at an average price of $20.16, for a total value of $58,464.00. Also, CEO Mario J. Gabelli sold 8,810 shares of the business’s stock in a transaction dated Friday, February 19th. The stock was sold at an average price of $20.07, for a total transaction of $176,816.70. In the last 90 days, insiders have sold 17,185 shares of company stock valued at $342,674. Insiders own 79.60% of the company’s stock.

About GAMCO Investors

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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