GAMCO Investors, Inc. (NYSE:GAMI - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 15,032 shares changed hands during mid-day trading, an increase of 735% from the previous session's volume of 1,800 shares.The stock last traded at $24.00 and had previously closed at $23.27.
GAMCO Investors Stock Performance
The firm has a market capitalization of $599.69 million, a P/E ratio of 9.38 and a beta of 0.96. The stock has a fifty day moving average price of $24.44 and a two-hundred day moving average price of $24.72.
GAMCO Investors (NYSE:GAMI - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.69 EPS for the quarter. The firm had revenue of $57.55 million during the quarter. GAMCO Investors had a net margin of 27.86% and a return on equity of 36.01%.
GAMCO Investors Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Tuesday, March 11th. This is an increase from GAMCO Investors's previous quarterly dividend of $0.04. GAMCO Investors's dividend payout ratio is currently 12.12%.
About GAMCO Investors
(
Get Free Report)
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.
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