Is Gamco Investors Inc. (GBL) Going to Burn These Hedge Funds?

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Gamco Investors Inc. (NYSE:GBL) has experienced a decrease in enthusiasm from smart money of late.

If you’d ask most traders, hedge funds are seen as unimportant, outdated investment vehicles of yesteryear. While there are over 8000 funds in operation at the moment, we at Insider Monkey look at the aristocrats of this group, about 450 funds. It is estimated that this group controls the majority of all hedge funds’ total asset base, and by keeping an eye on their top stock picks, we have revealed a few investment strategies that have historically beaten the S&P 500 index. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points annually for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have outclassed the S&P 500 index by 23.3 percentage points in 8 months (check out a sample of our picks).

Equally as important, bullish insider trading sentiment is another way to break down the investments you’re interested in. Obviously, there are lots of incentives for an executive to get rid of shares of his or her company, but just one, very obvious reason why they would buy. Many academic studies have demonstrated the useful potential of this strategy if “monkeys” know where to look (learn more here).

With all of this in mind, it’s important to take a look at the key action encompassing Gamco Investors Inc. (NYSE:GBL).

What does the smart money think about Gamco Investors Inc. (NYSE:GBL)?

Heading into Q2, a total of 6 of the hedge funds we track were long in this stock, a change of 0% from the first quarter. With the smart money’s capital changing hands, there exists a select group of notable hedge fund managers who were boosting their holdings meaningfully.

Gamco Investors Inc. (NYSE:GBL)According to our comprehensive database, Royce & Associates, managed by Chuck Royce, holds the biggest position in Gamco Investors Inc. (NYSE:GBL). Royce & Associates has a $24 million position in the stock, comprising 0.1% of its 13F portfolio. On Royce & Associates’s heels is Michael Price of MFP Investors, with a $3.7 million position; the fund has 0.5% of its 13F portfolio invested in the stock. Remaining hedgies with similar optimism include Israel Englander’s Millennium Management, Jim Simons’s Renaissance Technologies and John Overdeck and David Siegel’s Two Sigma Advisors.

How have insiders been trading Gamco Investors Inc. (NYSE:GBL)?

Insider purchases made by high-level executives is at its handiest when the company in question has seen transactions within the past 180 days. Over the last half-year time period, Gamco Investors Inc. (NYSE:GBL) has experienced 1 unique insiders buying, and 1 insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to Gamco Investors Inc. (NYSE:GBL). These stocks are Financial Engines Inc (NASDAQ:FNGN), Cohen & Steers, Inc. (NYSE:CNS), Virtus Investment Partners Inc (NASDAQ:VRTS), Evercore Partners Inc. (NYSE:EVR), and WisdomTree Investments, Inc. (NASDAQ:WETF). All of these stocks are in the asset management industry and their market caps are closest to GBL’s market cap.

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