GAMCO Investors (NYSE:GAMI) Shares Gap Up to $22.25

GAMCO Investors, Inc. (NYSE:GAMI) gapped up prior to trading on Tuesday . The stock had previously closed at $22.25, but opened at $22.85. GAMCO Investors shares last traded at $22.90, with a volume of 1,953 shares.

GAMCO Investors Price Performance

The business has a fifty day simple moving average of $24.34 and a 200 day simple moving average of $21.34. The firm has a market cap of $595.96 million, a price-to-earnings ratio of 9.71 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 earnings per share for the quarter. GAMCO Investors had a return on equity of 34.27% and a net margin of 25.81%. The company had revenue of $56.95 million for the quarter.

GAMCO Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 11th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, June 11th. This represents a $0.80 annualized dividend and a dividend yield of 3.33%. GAMCO Investors’s dividend payout ratio 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.