GAMCO Investors (NYSE:GAMI) Sets New 52-Week Low – What’s Next?

GAMCO Investors, Inc. (NYSE:GAMI) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $20.88 and last traded at $20.88, with a volume of 3498 shares trading hands. The stock had previously closed at $22.18.

GAMCO Investors Stock Performance

The business’s fifty day moving average price is $24.34 and its 200-day moving average price is $24.59. The stock has a market cap of $496.51 million, a PE ratio of 7.77 and a beta of 0.79.

GAMCO Investors Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Tuesday, March 11th. This is an increase from GAMCO Investors’s previous quarterly dividend of $0.04. GAMCO Investors’s payout ratio is 12.12%.

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.