GAMCO Investors (NYSE:GAMI) Sees Large Volume Increase – Here’s What Happened

Shares of GAMCO Investors, Inc. (NYSE:GAMI) saw strong trading volume on Wednesday . 15,032 shares were traded during mid-day trading, an increase of 735% from the previous session’s volume of 1,800 shares.The stock last traded at $24.00 and had previously closed at $23.27.

GAMCO Investors Trading Up 3.1 %

The business’s 50 day moving average price is $24.59 and its two-hundred day moving average price is $24.73. The stock has a market cap of $581.28 million, a P/E ratio of 9.23 and a beta of 0.96.

GAMCO Investors (NYSE:GAMI) last posted its earnings results on Thursday, November 7th. The company reported $0.69 earnings per share for the quarter. The firm had revenue of $57.55 million during the quarter. GAMCO Investors had a net margin of 27.99% and a return on equity of 35.78%.

GAMCO Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Tuesday, December 17th. GAMCO Investors’s dividend payout ratio is currently 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.