GAMCO Investors (NYSE:GAMI) Sees Strong Trading Volume

Shares of GAMCO Investors, Inc. (NYSE:GAMI) saw unusually-strong trading volume on Wednesday . Approximately 27,451 shares were traded during 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 firm has a market capitalization of $555.07 million, a P/E ratio of 9.41 and a beta of 1.09. The stock has a fifty day simple moving average of $20.43 and a two-hundred day simple moving average of $19.40.

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

GAMCO Investors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Tuesday, March 12th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.16 annualized dividend and a dividend yield of 0.71%. GAMCO Investors’s payout ratio is 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.