Tag: Gamco Investors Inc

  • Financial Sector Losers: KCG Holdings (NYSE:KCG), Financial Engines (NASDAQ:FNGN), Royal Bancshares of Pennsylvania (NASDAQ:RBPAA), Gamco Investors (NYSE:GBL)

    KCG Holdings, Inc. (NYSE:KCG) announced the completion of an $85 million principal repayment of the first lien term loan under the Company’s first lien senior secured credit facility. KCG Holdings, Inc. (NYSE:KCG) shares after opening at $11.24 moved to $11.24 on last trade day and at the end of the day closed at $10.46. Company price to sales ratio in past twelve months was calculated as 1.29 and price to cash ratio as 1.53. KCG Holdings, Inc. (NYSE:KCG), showed a negative weekly performance of 8.33%.

    Financial Engines Inc (NASDAQ:FNGN) saw a big move last session, as the company’s shares fell nearly 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $55.80 to $67.83 in the past one-month time frame. Financial Engines Inc (NASDAQ:FNGN) shares fell 6.59% in last trading session and ended the day on $47.38. Financial Engines Inc (NASDAQ:FNGN) return on equity ratio is recorded as 10.00% and its return on assets is 8.60%. Financial Engines Inc (NASDAQ:FNGN) yearly performance is 40.14%.

    Royal Bancshares of Pennsylvania, Inc. (NASDAQ:RBPAA) parent company of Royal Bank America, announced that it had entered into binding commitments with Emerald Advisers, Inc., a group of institutional investors, certain directors and officers of Royal, and other private investors to issue and sell a total of 11,656,666 shares of Royal’s Class A common stock in a private placement. The issuance of the shares in the private placement was previously approved by the Company’s shareholders at the 2013 annual meeting. Emerald and the group of institutional investors have each agreed to purchase up to 2,400,000 shares of Class A common stock in the private placement. The Company was pleased to be able to attract seasoned financial services institutional investors in the private placement. Royal Bancshares of Pennsylvania, Inc. (NASDAQ:RBPAA) shares moved down 9.48% in last trading session and was closed at $3.15, while trading in range of $ 3.15 – 3.50. Royal Bancshares of Pennsylvania, Inc. (NASDAQ:RBPAA) year to date (YTD) performance is 128.26%.

    On Feburay 27, 2014, Gamco Investors Inc (NYSE:GBL) announced that it has partnered with Japan-based DIAM Asset Management to launch a Japanese open-ended fund (investment trust), “The Beikoku Wariyasukabu Fund,” an All Cap Value fund nicknamed “The Value Hunter.” The fund will open on March 19, 2014. The application was filed with The Kanto Finance Bureau on February 14, 2014 and will be distributed by Resona Bank, Ltd., Saitama Resona Bank Ltd., and Kinki Osaka Bank, Ltd. Gamco Investors Inc (NYSE:GBL) weekly performance is -7.75%. On last trading day company shares ended up $74.67. Gamco Investors Inc (NYSE:GBL) distance from 50-day simple moving average (SMA50) is -6.36%. Analysts mean target Price for the company is $80.00.