GAMCO Investors (NYSE:GAMI) Shares Gap Down to $24.30

GAMCO Investors, Inc. (NYSE:GAMI)’s share price gapped down prior to trading on Monday . The stock had previously closed at $24.30, but opened at $23.80. GAMCO Investors shares last traded at $23.80, with a volume of 209 shares trading hands.

GAMCO Investors Price Performance

The stock’s 50 day simple moving average is $24.26 and its 200-day simple moving average is $21.27. The company has a market capitalization of $557.55 million, a PE ratio of 10.12 and a beta of 0.98.

GAMCO Investors (NYSE:GAMI) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.64 EPS for the quarter. The business had revenue of $56.95 million during the quarter. GAMCO Investors had a net margin of 25.81% and a return on equity of 34.27%.

GAMCO Investors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 11th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend was Tuesday, June 11th. GAMCO Investors’s dividend payout ratio (DPR) is presently 6.67%.

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.