GAMCO Investors (NYSE:GAMI) Shares Down 5% – Here’s Why

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

GAMCO Investors Trading Down 1.2 %

The firm has a market capitalization of $594.35 million, a price-to-earnings ratio of 9.42 and a beta of 0.96. The business’s fifty day moving average price is $25.38 and its 200 day moving average price is $24.97.

GAMCO Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Tuesday, December 17th. GAMCO Investors’s dividend payout ratio is currently 6.15%.

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.