|Bid||19.87 x 800|
|Ask||20.06 x 800|
|Day's Range||19.74 - 20.05|
|52 Week Range||16.26 - 27.20|
|Beta (3Y Monthly)||1.91|
|PE Ratio (TTM)||5.23|
|Forward Dividend & Yield||0.08 (0.39%)|
|1y Target Est||N/A|
GAMCO Investors, Inc. (GBL) is pleased to announce the addition of The Honorable John G. Vonglis as Senior Advisor to Mario J. Gabelli, Chairman and CEO, with a primary focus on opportunities within the aerospace/defense, energy, and technology sectors. Mr. Vonglis will also serve as an advisor to LICT as it evolves into a communications provider and to LGL as it expands in the defense area. Prior to this, John served as the Chief Financial Officer of the U.S. Department of Energy, a Senate confirmed position, and concurrently, as Chief Risk Officer and acting Director of the department’s Advanced Research Projects Agency (ARPA-E).
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.
The Gabelli Dividend & Income Trust will redeem 50% of its outstanding Series E Auction Rate Preferred Shares .
The Board of Trustees of The Gabelli Dividend & Income Trust (GDV) (the “Fund”) is pleased to announce the pricing of an offering of two million 5.375% Series H Cumulative Preferred Shares (“Series H Preferred”) with an aggregate liquidation value of $50 million. The Series H Preferred is perpetual, non-callable for five years, and will have a liquidation preference of $25 per share. Shares of the Series H Preferred are expected to commence trading on the New York Stock Exchange under the symbol “GDV Pr H” within thirty days of the date of issuance.
The Board of Directors of The Gabelli Equity Trust Inc. (GAB) (the “Fund”) reaffirmed its 10% distribution policy and declared a $0.15 per share cash distribution payable on June 21, 2019 to common stock shareholders of record on June 14, 2019. The Fund intends to pay a quarterly distribution of an amount determined each quarter by the Board of Directors. Under the Fund’s current distribution policy, the Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies.
RYE, N.Y.-- -- Net income of $19.9 million Fully diluted earnings of $0.70 per share March 31, 2019 AUM of $37.3 billion vs. $34.4 billion at December 31, 2018 GAMCO Investors, Inc. today reported first quarter 2019 revenues of $74.3 million, net income of $19.9 million, and earnings of $0.70 per diluted share. AUM of $37.3 billion at March 31, 2019 versus $34.4 billion at December 31, 2018 and $40.9 ...
GAMCO Investors, Inc. (“GAMCO”) (GBL) announced today that it has repurchased 1.2 million shares from the Frederick J. Mancheski Revocable Trust and a related foundation. GAMCO Investors, Inc., through its subsidiaries, manages open-end funds and closed-end funds (Gabelli Funds, LLC) and private advisory accounts (GAMCO Asset Management Inc.). The financial results set forth in this press release are preliminary.
Gabelli Funds announces the 2019 inductees to the GAMCO Management Hall of Fame to be added at its thirty-fourth annual client conference on Friday, May 17 in New York. The inductees to the Hall of Fame are: Denise Ramos of ITT Inc., Jay Hooley of State Street Corporation, Amin Khoury of KLX Inc., and Cristina Stenbeck of Kinnevik AB.
Gabelli Funds announces the recipient of the Graham & Dodd, Murray, Greenwald Prize for Value Investing to be presented at its thirty-fourth client conference on Friday, May 17th in New York. In announcing Bruce Greenwald as the 2019 recipient, Mario Gabelli, Chairman of Gabelli Funds said, “The value investing community has had the great fortune of Bruce Greenwald training a generation of value investors.
Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. , announced today that Gabelli Media Mogul Fund is now available as a no-load, open-ended mutual fu
GAMCO Investors, Inc. announced today Laura Linehan, CFA, Co-Portfolio Manager of the sub-advised Teton Westwood Mighty Mites FundSM , has accepted a consulting role with the firm.
GAMCO Investors, Inc. (GBL) announced today that Howard M. Green, C.P.A. will join the firm immediately as Senior Vice President of Corporate Development. Howard Green has more than 25 years of experience in leadership roles as a senior financial executive in wealth management, FinTech and international financial firms, including broker dealers and asset managers. Most recently, Howard was the Global Controller and Managing Director with Cantor Fitzgerald.
RYE, N.Y.-- -- Fourth quarter net income was $23.3 million vs. $13.5 million a year ago Fully diluted earnings were $0.81 per share versus $0.46 per share Average AUM for quarter was $37.4 billion vs. $43.0 billion in 2017 quarter GAMCO Investors, Inc. today reported fourth quarter 2018 revenues of $81.0 million, net income of $23.3 million, and earnings of $0.81 per diluted share. This compares to ...
GAMCO Investors, Inc. (“GAMCO”) (GBL) announced today that it expects to report fourth quarter fully diluted per share earnings in the range of $0.79 to $0.83 versus $0.46 per fully diluted share a year ago. For the full year 2018, the fully diluted earnings per share are expected to be in the range of $4.04 to $4.08 per share versus $2.60 per share in 2017 driven by the CEO compensation waiver, lower effective income tax rate, slightly offset by lower investment income. Full year 2018 earnings were bolstered by approximately $1.50 per share for the waiver of CEO compensation for 10 months in 2018.
GAMCO Investors, Inc. (“GAMCO”) (GBL) announced today that its Chairman and CEO, Mr. Mario J. Gabelli, has elected to waive all of his compensation that he would otherwise have been entitled to for the period from January 1, 2019 to March 31, 2019. GAMCO Investors, Inc., through its subsidiaries, manages open-end funds and closed-end funds (Gabelli Funds, LLC) and private advisory accounts (GAMCO Asset Management Inc.). Our disclosure and analysis in this press release, which do not present historical information, contain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995.
Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. , announced The Gabelli RBI NextShares will pay a $0.0515 per share year end distribution payable on December 14, 2018 to shareholders of record on December 10, 2018.
Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (GBL) (“GAMCO”), announced The Gabelli Food of All Nations NextShares (FOANC) will pay a $0.1993 per share year end distribution payable on December 14, 2018 to shareholders of record on December 10, 2018. All or part of the distribution may be treated as qualified dividend income for individuals, subject to the maximum federal income tax rate, which is currently 20% in taxable accounts for individuals (or zero depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates, or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their "net investment income," which includes dividends and short-term capital gains received from the Fund.
Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (GBL) (“GAMCO”), announced The Gabelli Pet Parents’TM NextShares (PETZC) will pay a $0.0256 per share year end distribution payable on December 14, 2018 to shareholders of record on December 10, 2018. All or part of the distribution may be treated as qualified dividend income for individuals, subject to the maximum federal income tax rate, which is currently 20% in taxable accounts for individuals (or zero depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates, or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their "net investment income," which includes dividends and short-term capital gains received from the Fund.
NEW YORK, Nov. 23, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
After careful consideration, the Board of Directors (the “Board”) of the Comstock Capital Value Fund (the “Fund”) approved calling a special meeting of shareholders, to be held as soon as possible, to consider a proposal to change the nature of the Fund’s business from a mutual fund registered under the Investment Company Act of 1940, as amended (the “1940 Act’) to an operating company, and to de-register the Fund as a registered investment company (“RIC”) with the Securities and Exchange Commission (the “Proposal”). In addition, if shareholders approve the Proposal, it is anticipated that the Fund will no longer be treated as a RIC under the U.S. Internal Revenue Code of 1986 and, instead, will be taxed as a “C” corporation.
Gabelli Funds, LLC (the “Adviser”), a subsidiary of GAMCO Investors, Inc. (GBL) (“GAMCO”), announced today that, after considering the recommendation of the Adviser, the Board of Trustees for each of the Gabelli Media Mogul NextShares™ and the Gabelli Pet Parents’™ NextShares™ (each a “Fund” and collectively, the “Funds”) determined that it would be in the best interests of Fund shareholders to reorganize each Fund as a no-load, open-end mutual fund registered under the Investment Company Act of 1940 (“1940 Act”). As part of a Reorganization, substantially all of the assets and liabilities of each Fund would be transferred to a new series of a new trust to be created at a future date (a “New Fund”).
GAMCO Investors, Inc. (GBL) announced today that it has agreed to the assignment of the separate accounts of Loeb Partners Corporation, a firm with over $400 million in assets under management for private wealth clients, endowments and foundations. Peter Tcherepnine will join GAMCO as a Senior Vice President in December to manage the portfolios for Loeb clients. Mr. Tcherepnine was born and educated in France and the United States and became a U.S. citizen in 1960.
The Board of Trustees of The GDL Fund (GDL) (the “Fund”) announces that it will evaluate potential strategic alternatives for the Fund including a common share rights offering, common share repurchases or changes to the distribution policy. The purpose would be to evaluate ways to enhance participation in what the Board believes to be an attractive environment to invest in merger arbitrage. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing.
GAMCO Investors, Inc.(GAMCO) (GBL) announced today that its Board of Directors has approved a $0.20 per share contribution under its existing Shareholder Designated Charitable Contribution program for all registered Class A and Class B shareholders. GAMCO created its Shareholder Designated Charitable Contribution Program in April 2013. Since the inception of the program, GAMCO has donated more than $22 million to over 150 different charities on behalf of its shareholders.