GAMCO Investors (NYSE:GAMI) Sees Strong Trading Volume

GAMCO Investors, Inc. (NYSE:GAMI) shares 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’s 50-day simple moving average is $20.43 and its two-hundred day simple moving average is $19.40. The company has a market capitalization of $555.07 million, a price-to-earnings ratio of 9.41 and a beta of 1.09.

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 net margin of 25.53% and a return on equity of 36.38%. The company had revenue of $57.31 million for the quarter.

GAMCO Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Tuesday, March 12th were issued 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 dividend yield of 0.71%. GAMCO Investors’s dividend payout ratio (DPR) is 6.72%.

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.