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

GAMCO Investors, Inc. (NYSE:GAMI)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $23.50, but opened at $22.71. GAMCO Investors shares last traded at $22.71, with a volume of 168 shares.

GAMCO Investors Stock Performance

The firm’s 50 day simple moving average is $24.17 and its 200-day simple moving average is $24.21. The company has a market capitalization of $591.07 million, a price-to-earnings ratio of 9.94 and a beta of 0.94.

GAMCO Investors (NYSE:GAMI) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.61 earnings per share (EPS) for the quarter. GAMCO Investors had a return on equity of 33.04% and a net margin of 26.16%. The business had revenue of $57.64 million during the quarter.

GAMCO Investors Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, November 4th. Investors of record on Monday, September 30th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, September 30th. GAMCO Investors’s dividend payout ratio is presently 6.67%.

About GAMCO Investors

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.