GAMCO Investors (NYSE:GAMI) Sees Unusually-High Trading Volume – Here’s Why

GAMCO Investors, Inc. (NYSE:GAMI) saw strong trading volume on Friday . 10,827 shares traded hands during trading, an increase of 103% from the previous session’s volume of 5,340 shares.The stock last traded at $26.00 and had previously closed at $25.99.

GAMCO Investors Stock Up 0.4 %

The business has a fifty day moving average of $24.54 and a 200 day moving average of $24.76. The company has a market cap of $632.94 million, a P/E ratio of 10.00 and a beta of 0.95.

GAMCO Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Tuesday, December 17th. GAMCO Investors’s dividend payout ratio (DPR) is presently 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.