GAMCO Investors (NYSE:GAMI) Shares Gap Down – Time to Sell?

GAMCO Investors, Inc. (NYSE:GAMI) gapped down prior to trading on Tuesday . The stock had previously closed at $23.99, but opened at $23.50. GAMCO Investors shares last traded at $23.50, with a volume of 309 shares traded.

GAMCO Investors Stock Down 1.6 %

The stock has a market cap of $551.01 million, a P/E ratio of 8.75 and a beta of 0.97. The business has a 50 day moving average price of $24.82 and a two-hundred day moving average price of $24.83.

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

GAMCO Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.16 dividend on an annualized basis and a yield of 0.70%. GAMCO Investors’s dividend payout ratio (DPR) 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.