GAMCO Investors (NYSE:GAMI) Shares Gap Down - Here's What Happened

GAMCO Investors, Inc. (NYSE:GAMI - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $23.96, but opened at $23.38. GAMCO Investors shares last traded at $23.38, with a volume of 262 shares changing hands.

GAMCO Investors Stock Down 3.0 %

The firm has a market capitalization of $563.54 million, a PE ratio of 8.93 and a beta of 0.97. The stock has a 50-day moving average price of $25.33 and a 200 day moving average price of $24.89.

GAMCO Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, December 17th. GAMCO Investors's payout ratio is presently 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.