GAMCO Investors (NYSE:GAMI) Shares Jump Before Market Open

On Monday, shares of GAMCO Investors, Inc. (NYSE:GAMI) experienced a significant increase before trading commenced. Previously, the stock had ended the last trading session at $24.12, but it opened at a higher price of $25.00. By the end of the trading session, GAMCO Investors' shares were last reported at $25.00, with a trading volume of 257 shares.

GAMCO Investors Stock Performance

The company's current market capitalization stands at $586.58 million. It has a price-to-earnings (PE) ratio of 9.30 and a beta of 0.96, indicating a relatively stable stock performance in the market. The fifty-day simple moving average for the stock is $25.54, while the 200-day simple moving average is at $24.91.

GAMCO Investors Dividend Announcement

Additionally, GAMCO Investors recently declared a quarterly dividend, which was distributed on Tuesday, December 31st. Shareholders who were on record as of Tuesday, December 17th, received a dividend of $0.04 per share. The ex-dividend date was also set for Tuesday, December 17th. This translates to an annualized dividend of $0.16 and a yield of 0.66%. Currently, GAMCO Investors maintains a dividend payout ratio (DPR) of 6.15%.

About GAMCO Investors

GAMCO Investors, Inc. is a publicly traded investment management company. The firm offers a wide range of services, including wealth management, investment advisory, and institutional research. It caters to diverse clientele such as high net worth individuals, corporate pension plans, foundations, endowments, municipalities, and investment companies.

GAMCO, Investors, Stocks