GAMCO Investors (NYSE:GAMI) Shares Gap Up – Time to Buy?

GAMCO Investors, Inc. (NYSE:GAMI) shares gapped up before the market opened 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 Price Performance

The stock has a market capitalization of $569.17 million, a price-to-earnings ratio of 9.04 and a beta of 0.97. The company has a 50-day simple moving average of $24.96 and a two-hundred day simple moving average of $24.85.

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

GAMCO Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, December 17th. This represents a $0.16 annualized dividend and a dividend yield of 0.68%. GAMCO Investors’s dividend 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.