GAMCO Investors (NYSE:GAMI) Sees Large Volume Increase – Still a Buy?

GAMCO Investors, Inc. (NYSE:GAMIGet Free Report) saw unusually-strong trading volume on Friday . Approximately 104,900 shares were traded during mid-day trading, an increase of 804% from the previous session’s volume of 11,600 shares.The stock last traded at $24.99 and had previously closed at $25.00.

GAMCO Investors Stock Performance

The company has a market capitalization of $551.80 million, a PE ratio of 9.47 and a beta of 0.68. The company’s 50-day moving average is $24.81 and its 200 day moving average is $24.44.

About GAMCO Investors

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GAMCO Investors, Inc is a publicly traded investment advisory firm founded in 1976 by Mario J. Gabelli. Headquartered in Rye Brook, New York, the company offers portfolio management and advisory services to a range of clients, including institutions, high-net-worth individuals and retail investors. GAMCO operates as both an investment manager and sub-advisor, overseeing equity, fixed-income and alternative strategies across global and domestic markets.

The firm’s product lineup includes separately managed accounts, closed-end funds, mutual funds and exchange-traded products.

Further Reading

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