GAMCO Investors (NYSE:GBL) Updates Q3 2020 After-Hours Earnings Guidance

GAMCO Investors (NYSE:GBL) updated its third quarter 2020
After-Hours earnings guidance on Friday. The company provided earnings per share guidance of 0.59-0.63 for the period.

NYSE GBL traded up $0.53 during trading on Friday, hitting $12.70. The company’s stock had a trading volume of 1,395 shares, compared to its average volume of 22,094. GAMCO Investors has a 52 week low of $9.03 and a 52 week high of $19.78. The firm has a market cap of $334.39 million, a P/E ratio of 5.07 and a beta of 1.57. The firm has a 50 day moving average price of $12.33 and a 200 day moving average price of $12.43. The company has a quick ratio of 1.14, a current ratio of 1.38 and a debt-to-equity ratio of 0.32.

GAMCO Investors (NYSE:GBL) last announced its quarterly earnings data on Tuesday, August 4th. The closed-end fund reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. GAMCO Investors had a net margin of 20.97% and a return on equity of 112.14%. The business had revenue of $57.56 million for the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Monday, September 14th.

Separately, ValuEngine upgraded shares of GAMCO Investors from a strong sell rating to a sell rating in a research note on Thursday, July 2nd.

GAMCO Investors Company Profile

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.

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