GAMCO Investors (NYSE:GAMI) Shares Gap Down to $26.89

GAMCO Investors, Inc. (NYSE:GAMIGet Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $26.89, but opened at $26.05. GAMCO Investors shares last traded at $26.05, with a volume of 219 shares traded.

GAMCO Investors Stock Down 1.4 %

The company has a market cap of $657.17 million, a P/E ratio of 11.20 and a beta of 0.98. The company has a 50 day moving average price of $24.88 and a 200-day moving average price of $21.85.

GAMCO Investors (NYSE:GAMIGet Free Report) last announced its 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 business had revenue of $56.95 million during the quarter.

GAMCO Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Tuesday, June 11th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $0.80 annualized dividend and a yield of 3.02%. GAMCO Investors’s dividend payout ratio 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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