GAMCO Investors (NYSE:GAMI) Shares Gap Up – What’s Next?

GAMCO Investors, Inc. (NYSE:GAMI)’s stock 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 traded.

GAMCO Investors Trading Up 3.6 %

The business’s 50-day simple moving average is $25.06 and its 200-day simple moving average is $24.87. The company has a market capitalization of $558.76 million, a PE ratio of 8.87 and a beta of 0.97.

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

GAMCO Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Tuesday, December 17th. GAMCO Investors’s payout ratio is presently 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.