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

GAMCO Investors, Inc. (NYSE:GAMI) shares were down 5% during mid-day trading on Tuesday . The stock traded as low as $25.00 and last traded at $25.00. Approximately 800 shares traded 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 Stock Performance

The company has a market cap of $594.35 million, a PE ratio of 9.42 and a beta of 0.96. The stock’s 50-day simple moving average is $25.38 and its 200 day simple moving average is $24.97.

GAMCO Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.04 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.16 annualized dividend and a yield of 0.65%. GAMCO Investors’s dividend payout ratio is currently 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.