GAMCO Investors (NYSE:GAMI) Shares Down 2.3% – Here’s Why

GAMCO Investors, Inc. (NYSE:GAMI)’s share price dropped 2.3% during mid-day trading on Monday . The stock traded as low as $23.12 and last traded at $23.12. Approximately 1,686 shares were traded during trading, a decline of 86% from the average daily volume of 11,658 shares. The stock had previously closed at $23.66.

GAMCO Investors Stock Down 2.3 %

The firm’s fifty day moving average price is $24.42 and its 200 day moving average price is $24.65. The stock has a market cap of $559.97 million, a PE ratio of 8.76 and a beta of 0.96.

GAMCO Investors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid a $0.08 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $0.32 annualized dividend and a yield of 1.38%. This is a boost from GAMCO Investors’s previous quarterly dividend of $0.04. GAMCO Investors’s payout ratio is presently 12.12%.

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.