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

GAMCO Investors, Inc. (NYSE:GAMI)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $22.26, but opened at $23.43. GAMCO Investors shares last traded at $23.43, with a volume of 641 shares trading hands.

GAMCO Investors Trading Up 3.6 %

The company has a fifty day moving average of $25.06 and a 200-day moving average of $24.87. The company has a market capitalization of $558.76 million, a price-to-earnings ratio of 8.87 and a beta of 0.97.

GAMCO Investors (NYSE:GAMI) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.69 earnings per share (EPS) for the quarter. GAMCO Investors had a return on equity of 35.78% and a net margin of 27.99%. The firm had revenue of $57.55 million for the quarter.

GAMCO Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Tuesday, December 17th. GAMCO Investors’s dividend payout ratio (DPR) is 6.15%.

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.