GAMCO Investors (NYSE:GAMI) Shares Gap Down – Here’s Why

GAMCO Investors, Inc. (NYSE:GAMI)’s stock 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 Stock Down 2.7 %

The stock has a market capitalization of $563.60 million, a PE ratio of 8.95 and a beta of 0.96. The company has a 50-day moving average of $24.71 and a 200 day moving average of $24.78.

GAMCO Investors (NYSE:GAMI) last posted its quarterly earnings data 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 firm 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. Stockholders of record on Tuesday, December 17th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Tuesday, December 17th. GAMCO Investors’s payout ratio 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.