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

GAMCO Investors, Inc. (NYSE:GAMI - Get Free Report)'s stock price dropped 2.3% on Monday . The company traded as low as $23.12 and last traded at $23.12. Approximately 1,686 shares traded 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 business has a fifty day moving average of $24.40 and a 200-day moving average of $24.60. The company has a market capitalization of $537.20 million, a P/E ratio of 8.40 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. Shareholders of record on Tuesday, March 11th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.44%. This is a positive change from GAMCO Investors's previous quarterly dividend of $0.04. The ex-dividend date was Tuesday, March 11th. GAMCO Investors's dividend payout ratio (DPR) 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.