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

GAMCO Investors, Inc. (NYSE:GAMIGet Free Report) 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 Stock Performance

The firm has a fifty day simple moving average of $23.78 and a 200-day simple moving average of $20.93. The firm has a market cap of $600.92 million, a price-to-earnings ratio of 10.10 and a beta of 1.00.

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

GAMCO Investors Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Tuesday, June 11th. GAMCO Investors’s dividend payout ratio is currently 6.67%.

About GAMCO Investors

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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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