GAMCO Investors (NYSE:GAMI) Shares Gap Up – Here’s What Happened

GAMCO Investors, Inc. (NYSE:GAMI)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $22.26, but opened at $23.43. GAMCO Investors shares last traded at $23.43, with a volume of 641 shares traded.

GAMCO Investors Price Performance

The stock’s fifty day moving average price is $24.96 and its 200-day moving average price is $24.85. The firm has a market cap of $569.17 million, a price-to-earnings ratio of 9.04 and a beta of 0.97.

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

GAMCO Investors Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.16 annualized dividend 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.