5 Cheap Stocks Billionaire Leon Cooperman Is Buying

2. Gamco Investors Inc (NYSE: GBL

PE Ratio (TTM): 7.71

Led by known billionaire hedge fund manager Mario Gabelli, Gamco Investors offers investment advice and brokerage services to mutual funds, institutional and investors. Omega Advisors made no change to its position in the company in the third quarter, with 8,600 shares, worth $100,000. Just 6 hedge funds tracked by Insider Monkey held stakes in Gamco Investors entering the fourth quarter.

On Jan.22, Gamco said it expects Q4 EPS to fall in the range of $0.69 to $0.73 versus $0.91 reported in the year ago quarter.