GAMCO Investors (NYSE:GAMI) Sees Strong Trading Volume – Here’s Why

GAMCO Investors, Inc. (NYSE:GAMI) shares saw unusually-strong trading volume on Friday . Approximately 10,827 shares traded hands during mid-day trading, an increase of 103% from the previous session’s volume of 5,340 shares.The stock last traded at $26.00 and had previously closed at $25.99.

GAMCO Investors Price Performance

The stock has a 50-day moving average price of $24.58 and a 200-day moving average price of $24.78. The company has a market capitalization of $632.94 million, a P/E ratio of 10.03 and a beta of 0.95.

GAMCO Investors Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Tuesday, December 17th. GAMCO Investors’s dividend payout ratio (DPR) is presently 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.