GAMCO Investors (NYSE:GAMI) Sees Unusually-High Trading Volume

GAMCO Investors, Inc. (NYSE:GAMI) saw strong trading volume on Wednesday . 27,451 shares were traded during mid-day trading, an increase of 260% from the previous session’s volume of 7,617 shares.The stock last traded at $22.10 and had previously closed at $21.96.

GAMCO Investors Price Performance

The company has a 50 day moving average of $20.32 and a two-hundred day moving average of $19.37. The company has a market capitalization of $546.40 million, a PE ratio of 9.26 and a beta of 1.09.

GAMCO Investors (NYSE:GAMI) last announced its earnings results on Tuesday, February 6th. The company reported $0.66 earnings per share (EPS) for the quarter. The firm had revenue of $57.31 million for the quarter. GAMCO Investors had a net margin of 25.53% and a return on equity of 36.38%.

GAMCO Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Tuesday, March 12th were given a $0.04 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.16 dividend on an annualized basis and a yield of 0.73%. GAMCO Investors’s dividend payout ratio (DPR) is presently 6.72%.

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.