GAMCO Investors (NYSE:GAMI) Shares Gap Down to $25.00

GAMCO Investors, Inc. (NYSE:GAMIGet Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $25.00, but opened at $24.25. GAMCO Investors shares last traded at $24.25, with a volume of 106 shares changing hands.

GAMCO Investors Price Performance

The business’s 50-day simple moving average is $23.86 and its two-hundred day simple moving average is $21.00. The stock has a market cap of $568.70 million, a price-to-earnings ratio of 10.10 and a beta of 1.00.

GAMCO Investors (NYSE:GAMIGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.64 earnings per share for the quarter. The company had revenue of $56.95 million for the quarter. GAMCO Investors had a return on equity of 34.27% and a net margin of 25.81%.

GAMCO Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 11th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Tuesday, June 11th. GAMCO Investors’s dividend payout ratio (DPR) is currently 6.67%.

GAMCO Investors Company Profile

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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.

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