GAMCO Investors (NYSE:GAMI) Shares Gap Down – What’s Next?

GAMCO Investors, Inc. (NYSE:GAMI) shares gapped down prior to trading on Tuesday . The stock had previously closed at $23.99, but opened at $23.50. GAMCO Investors shares last traded at $23.50, with a volume of 309 shares changing hands.

GAMCO Investors Stock Performance

The company’s 50-day moving average price is $24.96 and its 200 day moving average price is $24.86. The stock has a market cap of $571.53 million, a PE ratio of 9.08 and a beta of 0.97.

GAMCO Investors (NYSE:GAMI) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.69 earnings per share for the quarter. The business had revenue of $57.55 million during the quarter. GAMCO Investors had a return on equity of 35.78% and a net margin of 27.99%.

GAMCO Investors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a $0.04 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $0.16 dividend on an annualized basis and a yield of 0.68%. GAMCO Investors’s dividend payout ratio (DPR) is presently 6.15%.

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.