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

GAMCO Investors, Inc. (NYSE:GAMI) saw strong trading volume on Thursday . 904 shares changed hands during trading, a decline of 63% from the previous session’s volume of 2,411 shares.The stock last traded at $23.85 and had previously closed at $23.23.

GAMCO Investors Trading Down 0.8 %

The firm’s 50-day moving average price is $25.33 and its 200-day moving average price is $24.89. The stock has a market capitalization of $559.19 million, a PE ratio of 8.87 and a beta of 0.97.

GAMCO Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Tuesday, December 17th. GAMCO Investors’s dividend payout ratio is 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.