GAMCO Investors (NYSE:GAMI) Stock Price Down 8.5%

GAMCO Investors, Inc. (NYSE:GAMI)’s share price was down 8.5% during trading on Monday . The stock traded as low as $23.98 and last traded at $23.99. Approximately 1,038 shares were traded during trading, a decline of 84% from the average daily volume of 6,508 shares. The stock had previously closed at $26.21.

GAMCO Investors Trading Down 11.5 %

The firm has a 50-day moving average of $25.28 and a 200 day moving average of $22.47. The stock has a market capitalization of $574.97 million, a price-to-earnings ratio of 9.67 and a beta of 0.98.

GAMCO Investors (NYSE:GAMI) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.64 earnings per share (EPS) for the quarter. The firm had revenue of $56.95 million for the quarter. GAMCO Investors had a net margin of 25.81% and a return on equity of 34.27%.

GAMCO Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 11th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date was Tuesday, June 11th. GAMCO Investors’s payout ratio is currently 6.67%.

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.