Gamco Investors Inc. (GBL) Plunges 5.07%

Gamco Investors Inc. (GBL) Plunges 5.07%

Gamco Investors Inc. (GBL) had a rough trading day for Tuesday October 15 as shares tumbled 5.07%, or a loss of $-0.9 per share, to close at $16.84. After opening the day at $17.81, shares of Gamco Investors Inc. traded as high as $17.98 and as low as $16.58. Volume was 57,156 shares over 290 trades, against an average daily volume of n/a shares and a total float of 27.7 million.

As a result of the decline, Gamco Investors Inc. now has a market cap of $466.42 million. In the last year, shares of Gamco Investors Inc. have traded between a range of $22.81 and $16.26, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

GAMCO Investors Inc is a provider of investment advisory services to open-end funds, closed-end funds, Exchange Traded Managed Funds (ETMFs), and institutional and private wealth management investors principally in the United States. The company invest in a variety of U.S. and international securities through various investment styles including value, growth, non-market correlated, and convertible securities. Its revenues are based primarily on the company’s levels of assets under management (AUM) and fees associated with our various investment products.

Gamco Investors Inc. is based out of Rye, NY and has some 172 employees. Its CEO is Mario J. Gabelli.

Gamco Investors Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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