GAMCO Investors (NYSE:GAMI) Shares Gap Down – Should You Sell?

GAMCO Investors, Inc. (NYSE:GAMI) shares gapped down prior to trading on Thursday . The stock had previously closed at $23.50, but opened at $22.71. GAMCO Investors shares last traded at $22.71, with a volume of 168 shares changing hands.

GAMCO Investors Price Performance

The firm’s fifty day moving average price is $24.17 and its two-hundred day moving average price is $24.21. The stock has a market cap of $591.07 million, a price-to-earnings ratio of 9.94 and a beta of 0.94.

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

GAMCO Investors Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, November 4th. Shareholders of record on Monday, September 30th will be given a $2.00 dividend. The ex-dividend date is Monday, September 30th. GAMCO Investors’s dividend payout ratio (DPR) is 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.