GAMCO Investors (NYSE:GAMI) Reaches New 52-Week Low - Time to Sell?

GAMCO Investors, Inc. (NYSE:GAMI - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $20.88 and last traded at $20.88, with a volume of 3498 shares trading hands. The stock had previously closed at $22.18.

GAMCO Investors Price Performance

The stock's 50-day simple moving average is $23.98 and its two-hundred day simple moving average is $24.39. The firm has a market cap of $491.54 million, a P/E ratio of 7.69 and a beta of 0.79.

GAMCO Investors Increases Dividend

The company 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. This is a positive change from GAMCO Investors's previous quarterly dividend of $0.04. This represents a $0.32 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Tuesday, March 11th. GAMCO Investors's dividend payout ratio is 12.12%.

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.