Shares of GAMCO Investors, Inc. (NYSE:GAMI – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $25.96, but opened at $26.84. GAMCO Investors shares last traded at $26.70, with a volume of 1,606 shares traded.
GAMCO Investors Stock Performance
The stock has a fifty day moving average price of $24.74 and a 200-day moving average price of $24.85. The firm has a market capitalization of $655.02 million, a price-to-earnings ratio of 10.38 and a beta of 0.95.
GAMCO Investors Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.59%. 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.
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