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

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

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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.

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.