GAMCO Investors (NYSE:GAMI) Sees Strong Trading Volume – What’s Next?

Shares of GAMCO Investors, Inc. (NYSE:GAMI) saw unusually-high trading volume on Thursday . Approximately 904 shares were traded 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 Stock Performance

The business’s 50 day moving average price is $25.24 and its two-hundred day moving average price is $24.89. The company has a market capitalization of $559.44 million, a price-to-earnings ratio of 8.87 and a beta of 0.97.

GAMCO Investors Announces Dividend

The company also recently declared 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 (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.