GAMCO Investors (NYSE:GAMI) Sees Large Volume Increase

GAMCO Investors, Inc. (NYSE:GAMI) shares saw an uptick in trading volume on Tuesday . 31,042 shares changed hands during trading, an increase of 339% from the previous session’s volume of 7,068 shares.The stock last traded at $24.45 and had previously closed at $24.50.

GAMCO Investors Trading Up 0.6 %

The business has a 50 day moving average of $24.55 and a 200-day moving average of $21.52. The stock has a market cap of $600.67 million, a PE ratio of 10.10 and a beta of 0.98.

GAMCO Investors (NYSE:GAMI) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.64 EPS for the quarter. GAMCO Investors had a return on equity of 34.27% and a net margin of 25.81%. The business had revenue of $56.95 million for the quarter.

GAMCO Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 11th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend was Tuesday, June 11th. GAMCO Investors’s dividend payout ratio is presently 6.67%.

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.