GAMCO Investors (NYSE:GAMI) Sees Unusually-High Trading Volume – Should You Buy?

Shares of GAMCO Investors, Inc. (NYSE:GAMI) saw an uptick in trading volume on Wednesday . 32,331 shares traded hands during trading, an increase of 481% from the previous session’s volume of 5,569 shares.The stock last traded at $26.90 and had previously closed at $26.90.

GAMCO Investors Price Performance

The firm has a market capitalization of $640.44 million, a P/E ratio of 10.15 and a beta of 0.96. The stock has a fifty day simple moving average of $24.94 and a two-hundred day simple moving average of $24.93.

GAMCO Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Tuesday, December 17th. GAMCO Investors’s payout ratio is 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.