GAMCO Investors (NYSE:GAMI) Shares Gap Down to $24.30

GAMCO Investors, Inc. (NYSE:GAMI) shares gapped down prior to trading on Monday . The stock had previously closed at $24.30, but opened at $23.80. GAMCO Investors shares last traded at $23.80, with a volume of 209 shares changing hands.

GAMCO Investors Stock Down 7.4 %

The company has a market capitalization of $557.55 million, a P/E ratio of 10.12 and a beta of 0.98. The business has a fifty day moving average price of $24.26 and a 200 day moving average price of $21.27.

GAMCO Investors (NYSE:GAMI) last released 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 firm had revenue of $56.95 million during the quarter.

GAMCO Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 11th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, June 11th. This represents a $0.80 annualized dividend and a yield of 3.56%. GAMCO Investors’s dividend payout ratio (DPR) 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.