GAMCO Investors (NYSE:GAMI) Sets New 52-Week High at $21.95

Shares of GAMCO Investors, Inc. (NYSE:GAMI) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $21.95 and last traded at $21.95, with a volume of 6709 shares trading hands. The stock had previously closed at $21.55.

GAMCO Investors Stock Performance

The business’s 50-day moving average price is $19.72 and its 200-day moving average price is $19.23. The stock has a market cap of $540.47 million, a P/E ratio of 9.05 and a beta of 1.09.

GAMCO Investors (NYSE:GAMI) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.66 earnings per share (EPS) for the quarter. GAMCO Investors had a net margin of 25.53% and a return on equity of 36.38%. The firm had revenue of $57.31 million during the quarter.

GAMCO Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Tuesday, March 12th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Monday, March 11th. GAMCO Investors’s dividend payout ratio (DPR) is 6.72%.

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.