GAMCO Investors (NYSE:GAMI) Shares Gap Down – Here’s What Happened

GAMCO Investors, Inc. (NYSE:GAMI) shares gapped down prior to trading on Friday . The stock had previously closed at $26.89, but opened at $25.59. GAMCO Investors shares last traded at $25.59, with a volume of 501 shares traded.

GAMCO Investors Stock Performance

The firm has a market cap of $628.51 million, a price-to-earnings ratio of 9.83 and a beta of 0.96. The business’s 50-day moving average is $24.32 and its 200-day moving average is $24.63.

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 paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.23%. This is a boost from GAMCO Investors’s previous quarterly dividend of $0.04. GAMCO Investors’s payout ratio is 6.06%.

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.