GAMCO Investors (NYSE:GAMI) Shares Down 5% - Should You Sell?

GAMCO Investors, Inc. (NYSE:GAMI - Get Free Report) dropped 5% during trading on Tuesday . The stock traded as low as $25.00 and last traded at $25.00. Approximately 800 shares changed 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 Trading Down 5.4 %

The business has a fifty day simple moving average of $25.30 and a two-hundred day simple moving average of $24.97. The company has a market cap of $602.59 million, a PE ratio of 9.55 and a beta of 0.96.

GAMCO Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Tuesday, December 17th. GAMCO Investors's dividend payout ratio (DPR) is 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.