GAMCO Investors (NYSE:GAMI) Shares Gap Down to $24.30

Shares of GAMCO Investors, Inc. (NYSE:GAMI) gapped down before the market opened on Monday . The stock had previously closed at $24.30, but opened at $23.80. GAMCO Investors shares last traded at $23.80, with a volume of 209 shares changing hands.

GAMCO Investors Trading Up 4.7 %

The business’s fifty day simple moving average is $24.30 and its 200-day simple moving average is $21.32. The firm has a market cap of $577.37 million, a P/E ratio of 10.12 and a beta of 0.98.

GAMCO Investors (NYSE:GAMI) last issued its earnings results on Wednesday, May 8th. The company reported $0.64 earnings per share (EPS) for the quarter. GAMCO Investors had a net margin of 25.81% and a return on equity of 34.27%. The business had revenue of $56.95 million for the quarter.

GAMCO Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 11th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $0.80 dividend on an annualized basis and a yield of 3.43%. GAMCO Investors’s payout ratio is 6.67%.

GAMCO Investors Company Profile

GAMCO Investors, Inc is a publicly owned holding investment manager. The firm also provides wealth management, investment advisory, institutional research, brokerage, dealer, underwriting, and distribution services to its clients. It provides its services to individuals including high net worth individuals, corporate pension and profit-sharing plans, foundations, endowments, jointly trust plans, municipalities, and investment companies.