GAMCO Investors (NYSE:GAMI) Shares Up 3.1% – Here’s What Happened

GAMCO Investors, Inc. (NYSE:GAMI) shares traded up 3.1% during mid-day trading on Friday . The company traded as high as $24.99 and last traded at $24.99. Approximately 1,602 shares changed hands during trading, a decline of 77% from the average session volume of 6,828 shares. The stock had previously closed at $24.25.

GAMCO Investors Trading Up 3.1%

The business’s fifty day moving average price is $23.76 and its 200 day moving average price is $24.05. The firm has a market capitalization of $538.18 million, a price-to-earnings ratio of 9.47 and a beta of 0.59.

GAMCO Investors Company Profile

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.