GAMCO Investors (NYSE:GAMI) Shares Gap Up to $22.25

GAMCO Investors, Inc. (NYSE:GAMI)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $22.25, but opened at $22.85. GAMCO Investors shares last traded at $22.90, with a volume of 1,953 shares.

GAMCO Investors Price Performance

The company has a market capitalization of $577.37 million, a price-to-earnings ratio of 10.12 and a beta of 0.98. The stock’s fifty day simple moving average is $24.27 and its two-hundred day simple moving average is $21.29.

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

GAMCO Investors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 11th were given 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 dividend yield of 3.43%. GAMCO Investors’s dividend payout ratio is currently 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.