|Bid||17.72 x 900|
|Ask||17.90 x 800|
|Day's Range||17.59 - 17.88|
|52 Week Range||14.81 - 22.81|
|Beta (3Y Monthly)||1.66|
|PE Ratio (TTM)||6.11|
|Earnings Date||Feb 3, 2020 - Feb 7, 2020|
|Forward Dividend & Yield||0.08 (0.47%)|
|1y Target Est||31.00|
Paulson & Co. disclosed on Nov. 18 an interest in the independent oil-and-gas explorer of 10,338,663 shares, less than half of what Paulson reported on Nov. 5 when it revealed a 9.5% stake. Since the prior disclosure, Paulson shed nearly 52% of its position with sales of 11,254,860 shares at prices ranging from $4.29 to $4.57 each on Nov. 14 and 15, leaving it with a 4.5% interest in Callon’s outstanding stock. Paulson previously stated that it would vote its shares against Callon’s proposed $1.2 billion merger with Carrizo Oil & Gas (CRZO) first announced in July.
GAMCO Asset Management Inc. , an affiliate of GAMCO Investors, Inc. , on behalf of its investment advisory clients, is evaluating actions intended to improve corporate governance and board composition at several of its portfolio companies.
The Board of Trustees of The Gabelli Dividend & Income Trust (GDV) (the “Fund”) is pleased to announce the successful completion of its first transferable rights offering (the “Offering”) in which the Fund will issue 8,243,243 common shares, for gross proceeds totaling $164,864,860. The Offering was over-subscribed. Pursuant to the Offering, the Fund issued one transferable right (a “Right”) for each common share of the Fund to shareholders of record (record date shareholders) as of October 7, 2019.
The Board of Directors of The Gabelli Equity Trust Inc. (GAB) (the “Fund”), has authorized the redemption of all remaining outstanding shares of the Fund’s 5.875% Series D Cumulative Preferred Stock (the “Series D Preferred”). The redemption date is December 26, 2019 (the “Redemption Date”), and the redemption price is $25.00 per Series D Preferred, which is equal to the liquidation preference of $25.00 per Series D Preferred. Series D Preferred shareholders of record on December 18, 2019 will receive the quarterly distribution of $0.3671875 per Series D Preferred on the payable date of December 26, 2019.
- Net income of $13.6 million - Diluted earnings of $0.50 per share - September 30, 2019 AUM of $35.7 billion - Our “Giving Back” program continued with shareholder designated cont
– Fund Managers to Discuss Long Term Wealth Creation through the Ownership of Equities –
The financial regulations require hedge funds and wealthy investors that crossed the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]
The Boards of Trustees (the “Boards”) of the Gabelli closed-end funds are considering the conversion of selected Funds from Delaware statutory trusts to Maryland corporations. Although many provisions of the corporate statutes of Maryland and Delaware are similar, Maryland may better suit the needs of the Funds. “Maryland is proving to be the jurisdiction of choice for closed-end funds.
Chairman & CEO of Gamco Investors Inc (30-Year Financial, Insider Trades) Mario J Gabelli (insider trades) bought 4,503 shares of GBL on 08/30/2019 at an average price of $17.78 a share. Continue reading...
GAMCO Investors, Inc., announced the appointment of Willis Brucker and Gian Maria Magrini to the investment team of the GDL Fund effective immediately. Willis Brucker and Gian Maria Magrini will join Mario J.
A new type of ETF has just won approval from the SEC, and it could spur yet more growth in this $3.8 trillion market if it overcomes transparency issues: the ActiveShares ETFs owned by Precidian Investments. While many of the best-known ETFs are passive investment vehicles that track market indexes, the latest development will spur the launch of nontransparent actively-managed ETFs that do not have to make such daily disclosures. This is a radical change from the transparency that's been the hallmark - and a key selling point - for ETFs since their inception.
The Gabelli Dividend & Income Trust will redeem 50% of its outstanding Series E Auction Rate Preferred Shares .