RYE, N.Y. (AP) _ Gamco Investors Inc. (GBL) on Wednesday reported first-quarter profit of $16 million.

The Rye, New York-based company said it had profit of 59 cents per share.

The investment manager posted revenue of $67.9 million in the period.

Gamco Investors shares have climbed 20% since the beginning of the year.

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