GAMCO Investors (NYSE:GAMI) Sees Large Volume Increase

GAMCO Investors, Inc. (NYSE:GAMI) saw unusually-high trading volume on Tuesday . Approximately 19,868 shares were traded during 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 Price Performance

The firm has a market capitalization of $530.44 million, a PE ratio of 8.89 and a beta of 1.08. The company’s fifty day simple moving average is $19.34 and its 200-day simple moving average is $19.18.

GAMCO Investors (NYSE:GAMI) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.66 earnings per share for the quarter. The firm had revenue of $57.31 million for the quarter. GAMCO Investors had a net margin of 25.53% and a return on equity of 36.38%.

GAMCO Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Tuesday, March 12th were issued a dividend of $0.04 per share. The ex-dividend date was Monday, March 11th. This represents a $0.16 annualized dividend and a dividend yield of 0.76%. GAMCO Investors’s dividend payout ratio is presently 6.72%.

About GAMCO Investors

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.