GAMCO Investors (NYSE:GAMI) Trading 4% Higher Following Dividend Announcement

GAMCO Investors, Inc. (NYSE:GAMI) shares traded up 4% on Friday following a dividend announcement from the company. The stock traded as high as $25.47 and last traded at $25.47. 461 shares were traded 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.

The newly announced dividend which will be paid on Monday, November 4th. Shareholders of record on Monday, September 30th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, September 30th. GAMCO Investors’s payout ratio is currently 6.67%.

GAMCO Investors Stock Up 3.6 %

The business’s fifty day moving average price is $25.11 and its 200 day moving average price is $23.74. The firm has a market capitalization of $628.99 million, a PE ratio of 10.58 and a beta of 0.94.

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

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.