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

Shares of GAMCO Investors, Inc. (NYSE:GAMI) saw unusually-strong trading volume on Wednesday . Approximately 8,104 shares changed hands 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 Stock Performance

The company has a market capitalization of $565.23 million, a P/E ratio of 8.96 and a beta of 0.97. The company’s fifty day simple moving average is $25.45 and its 200-day simple moving average is $24.91.

GAMCO Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Tuesday, December 17th. GAMCO Investors’s dividend payout ratio (DPR) is 6.15%.

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.