GAMCO Investors (NYSE:GAMI) Stock Price Down 6%

Shares of GAMCO Investors, Inc. (NYSE:GAMI) fell 6% on Wednesday . The stock traded as low as $23.03 and last traded at $23.03. 950 shares traded hands during trading, a decline of 83% from the average session volume of 5,685 shares. The stock had previously closed at $24.50.

GAMCO Investors Stock Down 6.0 %

The stock has a market capitalization of $570.75 million, a P/E ratio of 10.21 and a beta of 0.94. The company has a fifty day simple moving average of $25.12 and a two-hundred day simple moving average of $23.66.

GAMCO Investors (NYSE:GAMI) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.61 EPS for the quarter. The company had revenue of $57.64 million for the quarter. GAMCO Investors had a return on equity of 33.04% and a net margin of 26.16%.

GAMCO Investors Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.69%. GAMCO Investors’s dividend payout ratio (DPR) is 6.67%.

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.