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

GAMCO Investors, Inc. (NYSE:GAMI)’s stock price 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 Stock Performance

The company’s fifty day simple moving average is $24.17 and its 200 day simple moving average is $24.19. The stock has a market capitalization of $582.40 million, a P/E ratio of 9.46 and a beta of 0.94.

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

GAMCO Investors Dividend Announcement

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