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

GAMCO Investors, Inc. (NYSE:GAMI) saw unusually-high trading volume on Wednesday . Approximately 8,104 shares were traded during mid-day trading, an increase of 121% from the previous session’s volume of 3,661 shares.The stock last traded at $23.90 and had previously closed at $24.10.

GAMCO Investors Trading Down 0.6 %

The company has a market cap of $581.25 million, a PE ratio of 9.22 and a beta of 0.97. The company has a fifty day simple moving average of $25.48 and a two-hundred day simple moving average of $24.93.

GAMCO Investors Dividend Announcement

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