GAMCO Investors (NYSE:GAMI) Trading Up 4%

GAMCO Investors, Inc. (NYSE:GAMI)’s share price shot up 4% during mid-day trading on Friday . The company traded as high as $25.47 and last traded at $25.47. 461 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 5,650 shares. The stock had previously closed at $24.50.

GAMCO Investors Stock Performance

The stock’s 50-day moving average price is $25.10 and its 200-day moving average price is $23.67. The company has a market capitalization of $631.22 million, a price-to-earnings ratio of 10.21 and a beta of 0.94.

GAMCO Investors (NYSE:GAMI) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.61 earnings per share for the quarter. The business had revenue of $57.64 million for the quarter. GAMCO Investors had a return on equity of 33.04% and a net margin of 26.16%.

GAMCO Investors Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Tuesday, September 10th. GAMCO Investors’s dividend payout ratio is currently 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.