GAMCO Investors (NYSE:GAMI) Sees Unusually-High Trading Volume – Should You Buy?

Posted by Renee Jackson on Feb 5th, 2025

GAMCO Investors, Inc. (NYSE:GAMI – Get Free Report) shares saw an uptick in trading volume on Wednesday . 15,032 shares traded hands during mid-day trading, an increase of 735% from the previous session’s volume of 1,800 shares.The stock last traded at $24.00 and had previously closed at $23.27.

GAMCO Investors Trading Up 3.1 %

The stock’s 50 day simple moving average is $24.59 and its 200 day simple moving average is $24.73. The stock has a market capitalization of $581.28 million, a P/E ratio of 9.23 and a beta of 0.96.

GAMCO Investors (NYSE:GAMI – Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.69 earnings per share for the quarter. GAMCO Investors had a return on equity of 35.78% and a net margin of 27.99%. The company had revenue of $57.55 million for the quarter.

GAMCO Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, December 17th. This represents a $0.16 annualized dividend and a dividend yield of 0.67%. GAMCO Investors’s dividend payout ratio is 6.15%.

About GAMCO Investors

(Get Free Report)

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.