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

GAMCO Investors, Inc. (NYSE:GAMI)’s share price gapped up prior to trading on Monday . The stock had previously closed at $24.12, but opened at $25.00. GAMCO Investors shares last traded at $25.00, with a volume of 257 shares traded.

GAMCO Investors Stock Down 0.7 %

The firm’s 50-day simple moving average is $25.54 and its 200-day simple moving average is $24.91. The firm has a market capitalization of $581.25 million, a PE ratio of 9.22 and a beta of 0.96.

GAMCO Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, December 17th. GAMCO Investors’s dividend payout ratio is presently 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.