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

GAMCO Investors, Inc. (NYSE:GAMI)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $23.91, but opened at $23.27. GAMCO Investors shares last traded at $23.27, with a volume of 233 shares traded.

GAMCO Investors Trading Down 2.7 %

The firm has a market capitalization of $563.60 million, a price-to-earnings ratio of 8.95 and a beta of 0.96. The firm has a 50 day moving average price of $24.71 and a two-hundred day moving average price of $24.78.

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

GAMCO Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a $0.04 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $0.16 annualized dividend and a dividend yield of 0.69%. 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.