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                <div style="text-align: center; font-family: 'Times New Roman',Times,serif; margin-left: 567pt;">OMB APPROVAL</div>
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                <div style="font-family: 'Times New Roman',Times,serif; margin-left: 630pt;">OMB Number:3235-0101<font style="font-family: 'Times New Roman', Times, serif;"><br>
                  </font><font style="font-family: 'Times New Roman', Times, serif;">Expires:</font> <font style="font-family: 'Times New Roman', Times, serif;">June 30, 2020</font><font style="font-family: 'Times New Roman', Times, serif;"><br>
                  </font>Estimated average burden</div>
                <div style="font-family: 'Times New Roman',Times,serif; margin-left: 630pt;">hours per response 1.00</div>
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      <div style="text-align: center; margin-bottom: 8pt; font-weight: bold;">UNITED STATES<br>
        SECURITIES AND EXCHANGE COMMISSION<br>
        Washington, D.C. 20549</div>
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                <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 8pt; margin-left: 621pt;">SEC USE ONLY</div>
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                <div style="font-family: 'Times New Roman',Times,serif; font-size: 8pt; margin-left: 666pt;">DOCUMENT SEQUENCE NO.</div>
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              <td style="width: 100%; vertical-align: top; border-bottom: #000000 2px solid;">
                <div style="font-family: 'Times New Roman',Times,serif; font-size: 8pt; margin-left: 666pt;">CUSIP NUMBER</div>
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                <div style="font-family: 'Times New Roman',Times,serif; font-size: 8pt; margin-left: 666pt;">WORK LOCATION</div>
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      <div style="text-align: center; margin-bottom: 8pt; font-size: 14pt; font-weight: bold;">FORM 144</div>
      <div style="text-align: center; margin-bottom: 8pt; font-size: 12pt; font-weight: bold;">NOTICE OF PROPOSED SALE OF SECURITIES<br>
        PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933</div>
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                <td style="width: 85.8pt; vertical-align: top; align: right; font-size: 12pt; font-weight: bold;">ATTENTION:</td>
                <td style="width: auto; vertical-align: top;">
                  <div><font style="font-style: italic;">Transmit for filing 3 copies of this form concurrently with either
                      placing an order with a broker to execute sale</font><br>
                    <font style="font-style: italic;">or executing a sale directly with a market maker.</font></div>
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            <td style="width: 53.14%; vertical-align: top; border-bottom: #000000 2px solid;" colspan="3">
              <div style="font-size: 8pt;">1 <font style="font-style: italic;">(a) </font>NAME OF ISSUER <font style="font-style: italic;">(Please type or print)</font></div>
              <div>&#160;</div>
              <div>GAMCO Investors, Inc.</div>
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            <td style="width: 13.67%; vertical-align: top; border-bottom: #000000 2px solid;" colspan="2">
              <div style="font-size: 8pt;"><font style="font-style: italic;">(b)</font> IRS IDENT. NO.</div>
              <div>&#160;</div>
              <div>13-4007862</div>
            </td>
            <td style="width: 14.55%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="font-size: 8pt;"><font style="font-style: italic;">(c) </font>S.E.C. FILE NO.</div>
              <div>&#160;</div>
              <div>1-14761</div>
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            <td style="width: 6.58%; vertical-align: top;">&#160;</td>
            <td style="width: 12.06%; vertical-align: top;">&#160;</td>
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            <td style="width: 81.36%; vertical-align: top;" colspan="6">
              <div><font style="font-size: 8pt;">1 (</font><font style="font-size: 8pt; font-style: italic;">d</font><font style="font-size: 8pt;">) ADDRESS OF ISSUER</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 242.3pt">&#160;</font><font style="font-size: 8pt;">STREET<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 117.7pt">&#160;</font>CITY  STATEZIP CODE</font></div>
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            <td style="width: 18.64%; vertical-align: top; border-bottom: #000000 2px solid;" colspan="2">
              <div style="font-size: 8pt;"><font style="font-style: italic;">(e) </font>TELEPHONE NO.</div>
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              <div style="text-indent: 72pt;">One Coportae Center<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt">&#160;</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt">&#160;</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt">&#160;</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt">&#160;</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt">&#160;</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt">&#160;</font>Rye<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt">&#160;</font>&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;
                NY&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; 10580</div>
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              <div style="font-size: 8pt;">NY</div>
              <div>914</div>
            </td>
            <td style="width: 12.06%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center; font-size: 8pt;">NUMBER</div>
              <div style="text-align: center;">921-5100</div>
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            <td style="width: 31.13%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-indent: -15.6pt; margin-left: 15.6pt; font-size: 8pt;">2 <font style="font-style: italic;">(a) </font>NAME
                OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD</div>
              <div style="text-indent: -18pt; margin-left: 18pt;">Associated Capital Group, Inc.</div>
            </td>
            <td style="width: 11.39%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div>&#160;</div>
              <div> <br>
              </div>
              <div> <br>
              </div>
            </td>
            <td style="width: 13.92%; vertical-align: top; border-bottom: #000000 2px solid;" colspan="2">
              <div style="text-indent: -10.5pt; margin-left: 10.5pt; font-size: 8pt;"><font style="font-style: italic;">(b) </font>RELATIONSHIP
                TO ISSUER</div>
              <div>Affiliate</div>
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            <td style="width: 43.57%; vertical-align: top; border-bottom: #000000 2px solid;" colspan="4">
              <div><font style="font-size: 8pt; font-style: italic;">(c) </font><font style="font-size: 8pt;">ADDRESS STREET</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 138.6pt">&#160;</font><font style="font-size: 8pt;">CITY<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 72pt">&#160;</font>STATE<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 49.5pt">&#160;</font>ZIP CODE</font></div>
              <div>&#160;</div>
              <div>191 Mason Street&#160; &#160; &#160; &#160; &#160; Greenwich&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; CT&#160; &#160; &#160; &#160;&#160; 06830</div>
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      <div style="text-align: center; margin-bottom: 6pt; font-style: italic;">INSTRUCTION:&#160; The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and
        the S.E.C. File Number.</div>
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              <div style="font-size: 8pt;">3 <font style="font-style: italic;">(a)</font></div>
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              <div style="font-size: 8pt; font-style: italic;">(b)</div>
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            <td style="width: 10.72%; vertical-align: top; border-bottom: #000000 2px solid;" colspan="2">
              <div style="text-align: center; font-size: 8pt;">SEC USE ONLY</div>
            </td>
            <td style="width: 11.35%; vertical-align: top;">
              <div style="font-size: 8pt; font-style: italic;">(c)</div>
            </td>
            <td style="width: 11.35%; vertical-align: top;">
              <div style="font-size: 8pt; font-style: italic;">(d)</div>
            </td>
            <td style="width: 11.98%; vertical-align: top;">
              <div style="font-size: 8pt; font-style: italic;">(e)</div>
            </td>
            <td style="width: 10.72%; vertical-align: top;">
              <div style="font-size: 8pt; font-style: italic;">(f)</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="font-size: 8pt; font-style: italic;">(g)</div>
            </td>
            <td style="width: 0.34%; vertical-align: top;">&#160;</td>
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            <td style="width: 8.95%; vertical-align: top;">
              <div style="text-align: center; font-size: 8pt;">Title of the</div>
              <div style="text-align: center; font-size: 8pt;">Class of</div>
              <div style="text-align: center; font-size: 8pt;">Securities</div>
              <div style="text-align: center; font-size: 8pt;">To Be Sold</div>
            </td>
            <td style="width: 24.59%; vertical-align: top;">
              <div>&#160;</div>
              <div style="text-align: center; font-size: 8pt;">Name and Address of Each Broker Through Whom the</div>
              <div style="text-align: center; font-size: 8pt;">Securities are to be Offered or Each Market Maker</div>
              <div style="text-align: center; font-size: 8pt;">who is Acquiring the Securities</div>
            </td>
            <td style="width: 10.72%; vertical-align: top; background-color: #FFFFFF; border-bottom: #000000 2px solid;" colspan="2">
              <div>&#160;</div>
              <div style="text-align: center; font-size: 8pt;">Broker-Dealer</div>
              <div style="text-align: center; font-size: 8pt;">File Number</div>
            </td>
            <td style="width: 11.35%; vertical-align: top;">
              <div style="text-align: center; font-size: 8pt;">Number of Shares</div>
              <div style="text-align: center; font-size: 8pt;">or Other Units</div>
              <div style="text-align: center; font-size: 8pt;">To Be Sold</div>
              <div style="text-align: center; font-size: 8pt; font-style: italic;">(See instr. 3(c))</div>
            </td>
            <td style="width: 11.35%; vertical-align: top;">
              <div style="text-align: center; font-size: 8pt;">Aggregate</div>
              <div style="text-align: center; font-size: 8pt;">Market</div>
              <div style="text-align: center; font-size: 8pt;">Value</div>
              <div style="text-align: center; font-size: 8pt; font-style: italic;">(See instr. 3(d))</div>
            </td>
            <td style="width: 11.98%; vertical-align: top;">
              <div style="text-align: center; font-size: 8pt;">Number of Shares</div>
              <div style="text-align: center; font-size: 8pt;">or Other Units</div>
              <div style="text-align: center; font-size: 8pt;">Outstanding</div>
              <div style="text-align: center; font-size: 8pt; font-style: italic;">(See instr. 3(e))</div>
            </td>
            <td style="width: 10.72%; vertical-align: top;">
              <div style="text-align: center; font-size: 8pt;">Approximate</div>
              <div style="text-align: center; font-size: 8pt;">Date of Sale</div>
              <div style="text-align: center; font-size: 8pt; font-style: italic;">(See instr. 3(f))</div>
              <div style="text-align: center; font-size: 8pt;">(MO.&#160; &#160; &#160; DAY&#160; &#160; &#160;&#160; YR.)</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center; font-size: 8pt;">Name of Each</div>
              <div style="text-align: center; font-size: 8pt;">Securities</div>
              <div style="text-align: center; font-size: 8pt;">Exchange</div>
              <div style="text-align: center; font-size: 8pt; font-style: italic;">(See instr. 3(g))</div>
            </td>
            <td style="width: 0.34%; vertical-align: top;">&#160;</td>
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            <td style="width: 8.95%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">Class A Common Stock</div>
            </td>
            <td style="width: 24.59%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div>G.research, LLC<br>
                One Corporate Center<br>
                Rye, NY 10580</div>
            </td>
            <td style="width: 10.72%; vertical-align: top; background-color: #FFFFFF; border-bottom: #000000 2px solid;" colspan="2">&#160;</td>
            <td style="width: 11.35%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">80,000</div>
            </td>
            <td style="width: 11.35%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">1,488,000</div>
            </td>
            <td style="width: 11.98%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">8,466,852</div>
            </td>
            <td style="width: 10.72%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">12/17/2019</div>
            </td>
            <td style="width: 10%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">NYSE</div>
            </td>
            <td style="width: 0.34%; vertical-align: top;">&#160;</td>
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            <td style="width: 8.95%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">Class A Common Stock</div>
            </td>
            <td style="width: 24.59%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div>G.research, LLC<br>
                One Corporate Center<br>
                Rye, NY 10580</div>
            </td>
            <td style="width: 10.72%; vertical-align: top; background-color: #FFFFFF; border-bottom: #000000 2px solid;" colspan="2">&#160;</td>
            <td style="width: 11.35%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">1,100</div>
            </td>
            <td style="width: 11.35%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">19,814</div>
            </td>
            <td style="width: 11.98%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">8,466,852</div>
            </td>
            <td style="width: 10.72%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">12/16/2019</div>
            </td>
            <td style="width: 10%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">NYSE</div>
            </td>
            <td style="width: 0.34%; vertical-align: top;">&#160;</td>
          </tr>
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            <td style="width: 40.1%; vertical-align: top; border-bottom: #000000 2px solid;" colspan="3">
              <div style="font-size: 8pt; font-weight: bold;">INSTRUCTIONS:</div>
            </td>
            <td style="width: 59.9%; vertical-align: top; border-bottom: #000000 2px solid;" colspan="7">
              <div style="text-indent: -27pt; margin-left: 27pt;"><font style="font-size: 8pt;">3.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 11.4pt">&#160;</font><font style="font-size: 8pt;">(a)<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 15.6pt">&#160;</font>Title of the class of securities to be sold</font></div>
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            <td style="width: 40.1%; vertical-align: top; border-bottom: #000000 2px solid;" colspan="3">
              <div style="text-indent: -9pt; margin-left: 9pt;"><font style="font-size: 8pt;">1.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 27.3pt">&#160;</font><font style="font-size: 8pt;">(a)<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 44.7pt">&#160;</font>Name of issuer</font></div>
            </td>
            <td style="width: 59.9%; vertical-align: top; border-bottom: #000000 2px solid;" colspan="7">
              <div style="text-indent: -15.6pt; margin-left: 27pt;"><font style="font-size: 8pt;">(b)</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 15.6pt">&#160;</font><font style="font-size: 8pt;">Name and address of each broker through whom the securities are intended to be sold</font></div>
            </td>
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            <td style="width: 40.1%; vertical-align: top; border-bottom: #000000 2px solid;" colspan="3">
              <div style="text-indent: -9pt; margin-left: 9pt;"><font style="font-size: 8pt;">&#160;&#160;&#160;&#160;(b)</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 8pt;">Issuer&#8217;s I.R.S. Identification Number</font></div>
            </td>
            <td style="width: 59.9%; vertical-align: top; border-bottom: #000000 2px solid;" colspan="7">
              <div style="text-indent: -15.6pt; margin-left: 27pt;"><font style="font-size: 8pt;">(c)</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 15.6pt">&#160;</font><font style="font-size: 8pt;">Number of shares or other units to be sold (if debt securities, give the aggregate face amount)</font></div>
            </td>
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            <td style="width: 40.1%; vertical-align: top; border-bottom: #000000 2px solid;" colspan="3">
              <div style="text-indent: 0pt; margin-left: 9pt;"><font style="font-size: 8pt;">(c)</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 18.3pt">&#160;</font><font style="font-size: 8pt;">Issuer&#8217;s S.E.C. file number, if any</font></div>
            </td>
            <td style="width: 59.9%; vertical-align: top; border-bottom: #000000 2px solid;" colspan="7">
              <div style="text-indent: -15.6pt; margin-left: 27pt;"><font style="font-size: 8pt;">(d)</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 15.6pt">&#160;</font><font style="font-size: 8pt;">Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing of this notice</font></div>
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            <td style="width: 40.1%; vertical-align: top; border-bottom: #000000 2px solid;" colspan="3">
              <div style="text-indent: 0pt; margin-left: 9pt;"><font style="font-size: 8pt;">(d)</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 18.3pt">&#160;</font><font style="font-size: 8pt;">Issuer&#8217;s address, including zip code</font></div>
            </td>
            <td style="width: 59.9%; vertical-align: top; border-bottom: #000000 2px solid;" colspan="7">
              <div style="text-indent: -15.6pt; margin-left: 27pt;"><font style="font-size: 8pt;">(e)</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 15.6pt">&#160;</font><font style="font-size: 8pt;">Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as</font></div>
            </td>
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            <td style="width: 40.1%; vertical-align: top; border-bottom: #000000 2px solid;" colspan="3">
              <div style="text-indent: 0pt; margin-left: 9pt;"><font style="font-size: 8pt;">(e)</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 18.3pt">&#160;</font><font style="font-size: 8pt;">Issuer&#8217;s telephone number, including area code</font></div>
            </td>
            <td style="width: 59.9%; vertical-align: top; border-bottom: #000000 2px solid;" colspan="7">
              <div style="text-indent: 0pt; margin-left: 27pt; font-size: 8pt;">shown by the most recent report or statement published by the issuer</div>
            </td>
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            <td style="width: 40.1%; vertical-align: top; border-bottom: #000000 2px solid;" colspan="3">&#160;</td>
            <td style="width: 59.9%; vertical-align: top; border-bottom: #000000 2px solid;" colspan="7">
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              <div style="text-align: center;">Class A&#160; Common</div>
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              <div style="text-align: center;">11/30/</div>
              <div style="text-align: center;">2015</div>
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              <div style="text-align: center;">Private Placement</div>
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              <div>GAMCO Investors, Inc.</div>
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              <div style="text-align: center;">4,393,055</div>
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              <div>11/30/2015</div>
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              <div style="text-align: justify;"><font style="font-size: 8pt; font-weight: bold;">INSTRUCTIONS:</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 129.6pt">&#160;</font><font style="font-size: 8pt;">If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note
                  thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in
                  full or the last installment paid.</font></div>
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      <div style="text-align: center; margin-bottom: 2pt; font-style: italic;">Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for
        whose account the securities are to be sold.</div>
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              <div style="text-align: center; font-size: 8pt;">Date of Sale</div>
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              <div style="text-align: center; font-size: 8pt;">Amount of<br>
                Securities Sold</div>
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                Gross Proceeds</div>
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              <div style="text-align: justify; font-weight: bold;">INSTRUCTIONS:</div>
              <div style="text-align: justify;">See the definition of &#8220;person&#8221; in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities
                are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account
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              <div style="text-align: justify; font-weight: bold;">ATTENTION:</div>
              <div style="font-size: 8pt; font-style: italic;">The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice
                that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed.&#160; If each person has adopted a written trading plan or
                given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or
                instruction date.</div>
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                <font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 107.2pt">&#160;</font>DATE OF NOTICE</div>
              <div style="text-align: justify; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;12/18/2019</div>
              <div>&#160;</div>
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              <div style="text-align: justify; text-indent: 30.75pt; font-size: 8pt;"><font style="font-size: 10pt; font-weight: bold;">___/s/ </font><font style="font-size: 10pt;">David Fitzgerald_______________________________________________________</font><br>
                <font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 124pt">&#160;</font>(SIGNATURE)</div>
              <div style="text-align: justify;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;By:&#160; David Fitzgerald</div>
              <div style="text-align: justify;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Assistant Secretary, Associated Capital Group, Inc.</div>
            </td>
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            <td style="width: 51.73%; vertical-align: top;" colspan="2">&#160;</td>
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              <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">__________________________________________________</div>
              <div style="text-align: justify; font-size: 8pt;">DATE OF PLAN ADOPTION OR GIVING OF INSTRUCTION,</div>
              <div style="text-align: justify; text-indent: 71.05pt; font-size: 8pt;">IF RELYING ON RULE 10B5-1</div>
            </td>
            <td style="width: 55.32%; vertical-align: top;" colspan="3">
              <div style="text-align: center; font-style: italic;"><font style="font-size: 8pt;">The notice shall be </font>signed by the person for
                whose account the securities are to be sold.&#160; At least one<br>
                copy of the notice shall be manually signed.&#160; Any copies not manually signed shall bear typed or printed signatures.</div>
            </td>
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              <div style="text-align: center; font-weight: bold;">ATTENTION:&#160; Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)</div>
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text: OMB APPROVAL
  OMB Number:3235-0101
  Expires:
  June 30, 2020
  Estimated average burden
  hours per response 1.00
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  Washington, D.C. 20549
  SEC USE ONLY
  DOCUMENT SEQUENCE NO.
  CUSIP NUMBER
  WORK LOCATION
  FORM 144
  NOTICE OF PROPOSED SALE OF SECURITIES
  PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
  ATTENTION:
  Transmit for filing 3 copies of this form concurrently with either
                      placing an order with a broker to execute sale
  or executing a sale directly with a market maker.
  1
  (a)
  NAME OF ISSUER
  (Please type or print)
  GAMCO Investors, Inc.
  (b)
  IRS IDENT. NO.
  13-4007862
  (c)
  S.E.C. FILE NO.
  1-14761
  1 (
  d
  ) ADDRESS OF ISSUER
  STREET
  CITY  STATEZIP CODE
  (e)
  TELEPHONE NO.
  One Coportae Center
  Rye
  NY                                  10580
  NY
  914
  NUMBER
  921-5100
  2
  (a)
  NAME
                OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD
  Associated Capital Group, Inc.
  (b)
  RELATIONSHIP
                TO ISSUER
  Affiliate
  (c)
  ADDRESS STREET
  CITY
  STATE
  ZIP CODE
  191 Mason Street          Greenwich                    CT         06830
  INSTRUCTION:  The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and
        the S.E.C. File Number.
  3
  (a)
  (b)
  SEC USE ONLY
  (c)
  (d)
  (e)
  (f)
  (g)
  Title of the
  Class of
  Securities
  To Be Sold
  Name and Address of Each Broker Through Whom the
  Securities are to be Offered or Each Market Maker
  who is Acquiring the Securities
  Broker-Dealer
  File Number
  Number of Shares
  or Other Units
  To Be Sold
  (See instr. 3(c))
  Aggregate
  Market
  Value
  (See instr. 3(d))
  Number of Shares
  or Other Units
  Outstanding
  (See instr. 3(e))
  Approximate
  Date of Sale
  (See instr. 3(f))
  (MO.      DAY       YR.)
  Name of Each
  Securities
  Exchange
  (See instr. 3(g))
  Class A Common Stock
  G.research, LLC
  One Corporate Center
  Rye, NY 10580
  80,000
  1,488,000
  8,466,852
  12/17/2019
  NYSE
  Class A Common Stock
  G.research, LLC
  One Corporate Center
  Rye, NY 10580
  1,100
  19,814
  8,466,852
  12/16/2019
  NYSE
  INSTRUCTIONS:
  3.
  (a)
  Title of the class of securities to be sold
  1.
  (a)
  Name of issuer
  (b)
  Name and address of each broker through whom the securities are intended to be sold
  (b)
  Issuer's I.R.S. Identification Number
  (c)
  Number of shares or other units to be sold (if debt securities, give the aggregate face amount)
  (c)
  Issuer's S.E.C. file number, if any
  (d)
  Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing of this notice
  (d)
  Issuer's address, including zip code
  (e)
  Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as
  (e)
  Issuer's telephone number, including area code
  shown by the most recent report or statement published by the issuer
  (f)
  Approximate date on which the securities are to be sold
  2.
  (a)
  Name of person for whose account the securities are to be sold
  (g)
  Name of each securities exchange, if any, on which the securities are intended to be sold
  (b)
  Such person's relationship to the issuer (e.g., officer, director, 10%
  stockholder, or member of immediate family of any of the foregoing)
  (c)
  Such person's address, including zip code
  TABLE I - SECURITIES TO BE SOLD
  Furnish the following information with respect to the acquisition of the securities to be sold
  and with respect to the payment of all or any part of the purchase price or other consideration therefor:
  Title of
  the Class
  Date you Acquired
  Nature of Acquisition Transaction
  Name of Person from Whom Acquired
  (If gift, also give date donor acquired)
  Amount of Securities Acquired
  Date of Payment
  Nature of Payment
  Class A  Common
  Stock
  11/30/
  2015
  Private Placement
  GAMCO Investors, Inc.
  4,393,055
  11/30/2015
  Note Payable
  INSTRUCTIONS:
  If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note
                  thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in
                  full or the last installment paid.
  TABLE II - SECURITIES SOLD DURING THE PAST 3 MONTHS
  Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for
        whose account the securities are to be sold.
  Name and Address of Seller
  Title of Securities Sold
  Date of Sale
  Amount of
  Securities Sold
  Gross Proceeds
  REMARKS:
  INSTRUCTIONS:
  See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities
                are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account
                of the person filing this notice.
  ATTENTION:
  The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice
                that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed.  If each person has adopted a written trading plan or
                given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or
                instruction date.
  DATE OF NOTICE
  12/18/2019
  ___/s/
  David Fitzgerald_______________________________________________________
  (SIGNATURE)
  By:  David Fitzgerald
  Assistant Secretary, Associated Capital Group, Inc.
  __________________________________________________
  DATE OF PLAN ADOPTION OR GIVING OF INSTRUCTION,
  IF RELYING ON RULE 10B5-1
  The notice shall be
  signed by the person for
                whose account the securities are to be sold.  At least one
  copy of the notice shall be manually signed.  Any copies not manually signed shall bear typed or printed signatures.
  ATTENTION:  Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)