Gabelli Securities INC Decreased Gamco Investors INC Com (GBL) Stake by $63.80 Million as Shares Declined

April 17, 2018 - By Russell Jones

GAMCO Investors, Inc. (NYSE:GBL) Corporate LogoBig Money Sentiment decreased to 1.03 in Q4 2017. It has change of 0.31, from 2017Q3’s 1.34. The ratio turned negative due to GBL positioning: 10 sold and 23 reduced. 12 funds acquired stakes and 22 increased stakes. Investors holded 7.47 million in 2017Q3 but now own 5.24 million shares or 29.84% less. Price Michael F accumulated 16,500 shs. Vanguard Grp owns 289,825 shs. Millennium Management Ltd owns 50,822 shs. Moreover, Sg Americas Securities Ltd Co has 0% invested in GAMCO Investors, Inc. (NYSE:GBL) for 4,911 shs. Duncker Streett invested 0.03% of its capital in GAMCO Investors, Inc. (NYSE:GBL). 523,207 were accumulated by Barr E S &. Renaissance Techs Ltd Co owns 94,000 shs. Ameritas Investment Prtnrs owns 342 shs for 0% of their capital. Goldman Sachs Grp Incorporated accumulated 11,797 shs or 0% of the stock. Tower Research Lc (Trc) reported 3,382 shs. Guggenheim Capital Ltd Liability Co has invested 0% in GAMCO Investors, Inc. (NYSE:GBL). Zebra Cap Mgmt Limited Company holds 0.12% or 11,893 shs. Stone Ridge Asset Llc invested in 0.03% or 16,976 shs. 66,309 are owned by Northern. Bridgeway Management stated it has 0% in GAMCO Investors, Inc. (NYSE:GBL).

According to 2017Q4 Securities and Exchange form the Gabelli Securities Inc reduced its stake in Gamco Investors Inc Com (GBL) by 50.08%. The company’s stock sank 16.37% while Gabelli Securities Inc sold 2.20 million shares. At the end of 2017Q4, the hedge fund held 2.19 million shares of the finance company, valued at $65.02M, down from 4.39 million at the end of the previous reported quarter. Gamco Investors Inc Com has $732.47 million market cap. The stock decreased 0.04% or $0.01 during the last trading session, reaching $25.36.GAMCO Investors, Inc. is downtrending after having declined 14.18% since April 17, 2017. GBL has 31,645 volume or 7.29% up from normal. GBL underperformed the S&P500 by 25.73%.

Gabelli Securities Inc operates about $1.30 billion and $756.79 million US Long portfolio. According to a filing the fund upped its stake in Twenty First Centy Fox B (NASDAQ:FOX) by 115,471 shares to 134,471 shares, valued at $4.59 million in 2017Q4. For a total of 484,756 shares it increased its holding in Time Warner Inc Com (NYSE:TWX) by 110,800 shares in the quarter, and has risen its stake in Monsanto Co New Com (NYSE:MON).

GAMCO Investors, Inc. (NYSE:GBL) Institutional Investors Chart

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