Favorable Press Coverage Extremely Likely to Affect Gamco Investors (GBL) Share Price

Press coverage about Gamco Investors (NYSE:GBL) has trended positive on Wednesday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Gamco Investors earned a media sentiment score of 2.36 on their scale. InfoTrie also assigned news headlines about the closed-end fund an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock’s share price in the next few days.

Shares of Gamco Investors stock opened at $20.70 on Wednesday. Gamco Investors has a twelve month low of $16.26 and a twelve month high of $28.31. The firm has a market capitalization of $584.48 million, a P/E ratio of 7.34 and a beta of 1.34.

Gamco Investors (NYSE:GBL) last issued its quarterly earnings data on Tuesday, November 6th. The closed-end fund reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.02. Gamco Investors had a net margin of 29.89% and a negative return on equity of 223.65%. The company had revenue of $85.79 million for the quarter. On average, analysts forecast that Gamco Investors will post 4.06 EPS for the current year.

In other news, CEO Mario J. Gabelli bought 1,503 shares of the company’s stock in a transaction that occurred on Thursday, December 13th. The shares were acquired at an average price of $18.97 per share, for a total transaction of $28,511.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 80.97% of the company’s stock.

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Gamco Investors Company Profile

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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