GAMCO Investors (NYSE:GAMI) Stock Price Down 2.3% – Here’s What Happened

GAMCO Investors, Inc. (NYSE:GAMI)’s share price dropped 2.3% during mid-day trading on Monday . The company traded as low as $23.12 and last traded at $23.12. Approximately 1,686 shares changed hands 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 Performance

The company’s 50-day moving average price is $24.42 and its 200 day moving average price is $24.64. The stock has a market cap of $558.03 million, a PE ratio of 8.73 and a beta of 0.96.

GAMCO Investors Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Tuesday, March 11th. This is a boost from GAMCO Investors’s previous quarterly dividend of $0.04. GAMCO Investors’s dividend payout ratio (DPR) is currently 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.