|Bid||0.00 x 1100|
|Ask||28.65 x 1100|
|Day's Range||24.77 - 26.00|
|52 Week Range||23.42 - 30.94|
|PE Ratio (TTM)||8.27|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||0.08 (0.31%)|
|1y Target Est||31.00|
Billionaire Mario Gabelli wishes the stock market would drop so he could get better bargains. "I'd like them to go down because I like to buy things cheap," the founder of Gamco Investors says. Billionaire investor Mario Gabelli said Friday he wishes the stock market would drop so he could get better bargains.
Inc.’s bankruptcy case is asking the company to spell out why it needs to provide blanket legal immunity to third parties through so-called releases in the company’s restructuring plan. The issue was the biggest sticking point in a hearing on Thursday to approve the company’s disclosure statement laying out its restructuring plan, a step needed before the broadcaster can put the plan to a vote by creditors. “I don’t want them to come to confirmation and not have an adequate statement why the releases are not just legal but appropriate to be in there,” Judge Isgur added.
Gabelli Funds is pleased to deliver the keynote address at the London Stock Exchange’s U.S. Annual Investment Fund Seminars on September 11th and 12th in Boston and New York respectively. Gabelli Funds will address a number of factors affecting the Exchange Listed, Closed End Investment Company marketplace based on its experiences in both London and New York. The investment trust industry can trace its foundations to the U.K., and the LSE remains a 'best in class' choice for the closed-end structure globally,” said Marc Gabelli.
Associated Capital Group, Inc. (AC), (the “Company”), announced today that GAMCO Investors repaid the remaining $10 million outstanding of the $250 million 4% PIK note originally due on November 30, 2020. The company also noted that its board has formed an independent pricing committee to commence an exchange offer pursuant to which AC shareholders who elect to participate would receive shares of GAMCO Investors (GBL), currently held by AC. In March, the Company exchanged approximately 500,000 AC shares for 670,000 shares of GBL.
Carl Kempner, Jr. and Melody Bryant will join GAMCO in September to manage the portfolios for TSB&J clients. Mr. Kempner has managed portfolios for individuals, pension plans and trusts for over 40 years with such firms as Herzfeld & Stern, Drexel Burnham, and Hamershlag Kempner & Co. Melody Bryant, formerly Co-Chairman of BKF Capital and a portfolio manager and Managing Director at Neuberger Berman will also join GAMCO to manage client portfolios. Mr. Kempner is the great grandson of Carl Loeb, founder of the pre-eminent investment bank, Loeb Rhoades, which dates back to 1937.
The Board of Trustees of The GDL Fund (GDL) (the “Fund”) declared a $0.10 per share cash distribution payable on September 21, 2018 to common shareholders of record on September 14, 2018. Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment.
GAMCO Investors, Inc. (GBL) announced today that Ian Lapey will join the firm as Portfolio Manager for the newly registered Gabelli Global Financial Services Fund, part of its Gabelli Equity Series. The registration for the fund is currently under review with the SEC and is expected to launch on October 1, 2018. Ian Lapey was most recently a Research Analyst and Partner at Moerus Capital Management LLC. Prior to joining Moerus, Lapey was a Partner, Research Analyst, and Portfolio Manager at Third Avenue Management.
Gabelli UK is pleased to announce that the Board of Directors of the Gabelli Value Plus+ Trust plc (GVP.L) have appointed Christopher Mills as a non-executive director of the Company effective 15 August 2018. Mr. Mills is an experienced investor, business owner and entrepreneur, and complementary to the GVP Board of Directors.
RYE, N.Y.-- -- Average AUM for quarter was $40.6 billion vs. $41.8 billion in 2017 quarter Second Quarter Net Income of $31.6 million +38.0% from Year Ago Quarter 25.5% Effective Tax Rate in 2018 second quarter vs. 38.9% in comparable 2017 quarter Fully Diluted EPS for quarter was $1.10 versus $0.76 a year ago In the " Returns to Shareholder" section, second paragraph, second sentence should ...
The Rye, New York-based company said it had profit of $1.10 per share. Earnings, adjusted for non-recurring costs, came to $1.39 per share. The investment manager posted revenue of $87.2 million in the ...
13Ds are filed with the Securities and Exchange Commission within 10 days of an entity’s attaining a greater than 5% position in any class of a company’s securities. Source: InsiderScore.com In a July 24 filing, investment-advisory firm Cannell Capital disclosed its holding of 871,068 shares of the tax-preparation services company, or approximately 6.9% of the publicly traded company’s stock. Cannell also revealed that on July 19, it had entered into a voting agreement with fellow shareholder Vintage Tributum, an affiliate of Vintage Capital Management , where Cannell will vote its shares in favor of Vintage’s nominees for the Liberty board of directors.
Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (GBL) (“GAMCO”), announced today that Gabelli Pet Parents™ NextShares™ (the “Fund”) would list and commence trading on Nasdaq Stock Market LLC on or about June 19, 2018 under the symbol PETZC. The primary objective of the Fund is capital appreciation. Under normal conditions, the Fund will primarily invest in common shares of publicly traded domestic and foreign companies of all capitalization ranges in the pet industry.
GAMCO Investors, Inc., announced the appointment of Howard F. Ward, CFA to the investment team of the Gabelli Dividend & Income Trust effective June 1, 2018.
The Gabelli Utility Trust (GUT) (the “Fund”) is pleased to announce the successful completion of its transferable rights offering (the “Offering” or “Offer”) in which the Fund will issue 8,831,210 common shares, totaling $48,571,655. The Offering was significantly over-subscribed, with $92 million received.
The Rye, New York-based company said it had profit of 94 cents per share. Earnings, adjusted for non-recurring costs, came to 97 cents per share. The investment manager posted revenue of $87.5 million ...
GAMCO Investors, Inc. today reported first quarter 2018 revenues of $87.5 million, net income of $27.3 million, and earnings of $0.94 per diluted share. This compares to first quarter 2017 revenues of $85.9 million, net income of $24.8 million, and earnings of $0.82 per diluted share.
GAMCO Investors, Inc. (GAMCO) (GBL) announced today that, subject to Board approval, it has adopted a Shareholder Designated Charitable Contribution program for all registered Class A and Class B shareholders. All registered shareholders will be eligible to designate the 501(c)(3) organization that will receive the $0.20 per share contribution on their behalf. GAMCO created its Shareholder Designated Charitable Contribution Program in April 2013.
GAMCO Investors, Inc. today announced the addition of the following teammates to its research and portfolio management process:
The Gabelli Dividend & Income Trust (GDV) (the “Fund”) announced today that it will redeem one half (1,271,148 shares) of its outstanding 6.00% Series D Cumulative Preferred Shares (the “Series D Preferred Shares”). The shares will be redeemed at $25.30 per Series D Preferred Share (the “Redemption Price”), which consists of $25.00 per Series D Preferred Share (the liquidation preference) plus accumulated and unpaid dividends and distributions through the redemption date of June 8, 2018. From and after the redemption date, the Series D Preferred Shares being redeemed will no longer be deemed outstanding, dividends will cease to accumulate and all the rights of the Series D Preferred shareholders with respect to the redeemed Series D Preferred Shares will cease, except the right to receive the Redemption Price, without interest.
GAMCO Asset Management Inc. , an affiliate of GAMCO Investors, Inc. , has made a definitive filing with the Securities and Exchange Commission of a proxy statement and an accompanying BLUE proxy card to be used to solicit votes for the election of Ms.
The GDL Fund announced today that it will redeem all remaining shares of its issued and outstanding Series B Cumulative Puttable and Callable Preferred Shares .
Associated Capital Group, Inc. , , announced today that its board authorized the Company to explore strategic options for its institutional research services business.
GAMCO Investors, Inc. is scheduled to present at the Sidoti & Company Spring 2018 Investor Conference on Thursday, March 29th, at 8:35 am. In addition to presenting, the Company will be available for one on ones.
Traders Josh Brown, Jim Lebenthal, Stephanie Link and Jon Najarian are joined by Mario Gabelli, chairman and CEO of Gamco Investors, to discuss the impact that trade issues with China could have on U.S. businesses.