GAMCO Investors (NYSE:GAMI) Shares Down 6%

GAMCO Investors, Inc. (NYSE:GAMI) dropped 6% during trading on Wednesday . The stock traded as low as $23.03 and last traded at $23.03. Approximately 950 shares were traded during trading, a decline of 83% from the average daily volume of 5,685 shares. The stock had previously closed at $24.50.

GAMCO Investors Price Performance

The firm’s 50 day moving average price is $25.10 and its two-hundred day moving average price is $23.67. The stock has a market cap of $607.18 million, a PE ratio of 10.21 and a beta of 0.94.

GAMCO Investors (NYSE:GAMI) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.61 EPS for the quarter. GAMCO Investors had a net margin of 26.16% and a return on equity of 33.04%. The company had revenue of $57.64 million during the quarter.

GAMCO Investors Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.04 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.16 dividend on an annualized basis and a yield of 0.65%. GAMCO Investors’s dividend payout ratio (DPR) is 6.67%.

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.