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

Shares of GAMCO Investors, Inc. (NYSE:GAMI) 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 trading hands.

GAMCO Investors Price Performance

The business’s 50-day moving average price is $24.96 and its 200-day moving average price is $24.86. The firm has a market capitalization 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 (EPS) for the quarter. GAMCO Investors had a net margin of 27.99% and a return on equity of 35.78%. The company had revenue of $57.55 million for the quarter.

GAMCO Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Tuesday, December 17th. GAMCO Investors’s dividend payout ratio is presently 6.15%.

About GAMCO Investors

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.