GAMCO Investors (NYSE:GAMI) Sees Large Volume Increase

Shares of GAMCO Investors, Inc. (NYSE:GAMI) saw strong trading volume on Tuesday . 19,868 shares traded hands during mid-day trading, an increase of 214% from the previous session’s volume of 6,328 shares.The stock last traded at $21.00 and had previously closed at $20.62.

GAMCO Investors Stock Up 0.7 %

The stock has a market capitalization of $530.44 million, a P/E ratio of 8.89 and a beta of 1.08. The business has a 50-day simple moving average of $19.34 and a two-hundred day simple moving average of $19.18.

GAMCO Investors (NYSE:GAMI) last released 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 business had revenue of $57.31 million during the quarter.

GAMCO Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Tuesday, March 12th were paid a dividend of $0.04 per share. The ex-dividend date was Monday, March 11th. This represents a $0.16 dividend on an annualized basis and a yield of 0.76%. GAMCO Investors’s dividend payout ratio (DPR) is currently 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.