GAMCO Investors (NYSE:GAMI) Stock Price Down 5% – Here’s What Happened

GAMCO Investors, Inc. (NYSE:GAMI)’s share price was down 5% during trading on Tuesday . The company traded as low as $25.00 and last traded at $25.00. Approximately 800 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 5,416 shares. The stock had previously closed at $26.31.

GAMCO Investors Stock Performance

The business has a 50 day moving average of $25.30 and a two-hundred day moving average of $24.97. The firm has a market capitalization of $602.59 million, a price-to-earnings ratio of 9.63 and a beta of 0.96.

GAMCO Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Tuesday, December 17th. GAMCO Investors’s dividend payout ratio is currently 6.15%.

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.