GAMCO Investors (NYSE:GAMI) Trading Down 1.4% – What’s Next?

GAMCO Investors, Inc. (NYSE:GAMI) shares traded down 1.4% during mid-day trading on Friday . The stock traded as low as $24.75 and last traded at $24.99. 583 shares were traded during trading, a decline of 96% from the average session volume of 14,047 shares. The stock had previously closed at $25.35.

GAMCO Investors Stock Down 1.4 %

The firm’s 50 day simple moving average is $24.32 and its 200-day simple moving average is $24.68. The company has a market capitalization of $605.26 million, a PE ratio of 9.47 and a beta of 0.96.

GAMCO Investors Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.08 per share. This is a boost from GAMCO Investors’s previous quarterly dividend of $0.04. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Tuesday, March 11th. GAMCO Investors’s payout ratio is presently 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.