Today, the Co-Chief Accounting Officer of Gamco Investors (NYSE: GBL), Diane Lapointe, sold shares of GBL for $104.5K.
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Based on Gamco Investors’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $88.6 million and quarterly net profit of $31.58 million. In comparison, last year the company earned revenue of $87.59 million and had a net profit of $22.89 million. GBL’s market cap is $746.5M and the company has a P/E ratio of 9.55. Currently, Gamco Investors has an average volume of 9,400.
The insider sentiment on Gamco Investors has been negative according to 39 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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GAMCO Investors, Inc. operates as a holding company, which engages in the provision of investment advisory and asset management services. It provides investment services, which manages separate accounts for high net worth individuals, institutions, and qualified pension plans, and through the company’s role as advisor to a family of mutual funds.
