GAMCO Investors (NYSE:GAMI) Shares Gap Down – Time to Sell?

GAMCO Investors, Inc. (NYSE:GAMI) 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 trading hands.

GAMCO Investors Price Performance

The business has a 50 day moving average of $25.37 and a 200 day moving average of $24.90. The firm has a market capitalization of $567.18 million, a price-to-earnings ratio of 8.99 and a beta of 0.97.

GAMCO Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Tuesday, December 17th. GAMCO Investors’s dividend payout ratio (DPR) is 6.15%.

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.