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

GAMCO Investors, Inc. (NYSE:GAMI) gapped down before the market opened 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 changing hands.

GAMCO Investors Trading Down 1.6 %

The firm has a market cap of $551.01 million, a P/E ratio of 8.75 and a beta of 0.97. The firm has a 50-day simple moving average of $24.82 and a 200-day simple moving average of $24.83.

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

GAMCO Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.04 per share. The ex-dividend date was Tuesday, December 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.70%. GAMCO Investors’s payout ratio is currently 6.15%.

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.