GAMCO Investors (NYSE:GAMI) Shares Jump at Opening – Here's What You Need to Know

Shares of GAMCO Investors, Inc. (NYSE:GAMI) experienced a notable jump prior to trading on Monday. The stock closed the previous session at $24.12 but opened significantly higher at $25.00. As of the last trading session, GAMCO Investors shares remained at $25.00, with a trading volume of 257 shares.

Performance of GAMCO Investors Stock

The company boasts a market capitalization of approximately $586.58 million. Its price-to-earnings (PE) ratio stands at 9.30, coupled with a beta of 0.96, indicating its stock price's relative volatility compared to the market. The stock's fifty-day simple moving average is recorded at $25.54, while its 200-day simple moving average is noted as $24.91.

Recent Dividend Announcement from GAMCO Investors

GAMCO Investors has also made headlines with its recent quarterly dividend announcement. The dividend was paid 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 coincidentally the same day, December 17th. This dividend reflects an annualized figure of $0.16, representing a yield of 0.66%. The company's current dividend payout ratio (DPR) is 6.15%, indicating a sustainable dividend policy.

Overview of GAMCO Investors

GAMCO Investors, Inc. is recognized as a publicly owned holding investment manager. The firm extends its offerings in wealth management, investment advisory, institutional research, brokerage, dealer, underwriting, and distribution services to a diverse clientele. Its customer base includes individuals, high net worth individuals, corporate pension and profit-sharing plans, foundations, endowments, jointly trust plans, municipalities, and investment companies.

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