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

GAMCO Investors, Inc. (NYSE:GAMI)’s stock price fell 2.3% on Monday . The stock traded as low as $23.12 and last traded at $23.12. 1,686 shares changed hands during trading, a decline of 86% from the average session volume of 11,658 shares. The stock had previously closed at $23.66.

GAMCO Investors Price Performance

The firm’s fifty day simple moving average is $24.42 and its 200-day simple moving average is $24.64. The firm has a market capitalization of $558.03 million, a PE ratio of 8.73 and a beta of 0.96.

GAMCO Investors Increases Dividend

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