Gamco Investors Inc (NYSE:GBL) Announces Dividend of $0.02

Gamco Investors Inc (NYSE:GBL) announced a dividend on Friday, November 8th, Fidelity reports. Stockholders of record on Tuesday, December 17th will be paid a dividend of 0.02 per share by the closed-end fund on Tuesday, December 31st. The ex-dividend date of this dividend is Monday, December 16th.

Shares of NYSE GBL traded up $0.11 during midday trading on Friday, reaching $18.20. 12,675 shares of the company’s stock were exchanged, compared to its average volume of 14,324. Gamco Investors has a 52-week low of $14.81 and a 52-week high of $22.81. The stock has a market capitalization of $488.50 million, a PE ratio of 5.71 and a beta of 1.53. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.97 and a current ratio of 1.23. The business’s fifty day moving average price is $17.31 and its two-hundred day moving average price is $18.40.

Gamco Investors (NYSE:GBL) last announced its earnings results on Friday, November 8th. The closed-end fund reported $0.60 earnings per share (EPS) for the quarter. Gamco Investors had a return on equity of 378.78% and a net margin of 26.34%. The business had revenue of $75.35 million for the quarter.

In related news, Director Raymond Avansino sold 70,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $20.07, for a total value of $1,404,900.00. Also, CEO Mario J. Gabelli acquired 1,500 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average cost of $17.66 per share, with a total value of $26,490.00. 80.97% of the stock is currently owned by insiders.

Separately, ValuEngine raised Gamco Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

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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Dividend History for Gamco Investors (NYSE:GBL)

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