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

GAMCO Investors, Inc. (NYSE:GAMI)’s share price gapped up prior to trading on Monday . The stock had previously closed at $24.65, but opened at $25.49. GAMCO Investors shares last traded at $25.49, with a volume of 834 shares traded.

GAMCO Investors Stock Performance

The firm’s 50 day moving average is $24.16 and its 200 day moving average is $24.47. The stock has a market cap of $604.05 million, a P/E ratio of 10.14 and a beta of 0.95.

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

GAMCO Investors Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, November 4th. Stockholders of record on Monday, September 30th will be paid a dividend of $2.00 per share. The ex-dividend date is Monday, September 30th. GAMCO Investors’s dividend payout ratio is currently 6.58%.

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.