|Bid||17.65 x 800|
|Ask||17.84 x 900|
|Day's Range||17.60 - 18.10|
|52 Week Range||14.81 - 22.81|
|Beta (5Y Monthly)||1.73|
|PE Ratio (TTM)||6.12|
|Earnings Date||Feb 02, 2020 - Feb 06, 2020|
|Forward Dividend & Yield||0.08 (0.44%)|
|Ex-Dividend Date||Dec 15, 2019|
|1y Target Est||31.00|
Veteran Barron’s Roundtable panelist Mario Gabelli likes renewable energy stocks, as well as some giants in media and defense.
GAMCO Investors, Inc. (NYSE:GBL) announced today that Jennifer L. Schlueter has joined the firm as Chief Communications Officer. Effective immediately, she will oversee investor relations and external communications, with a focus on social media, the Gabelli ESG Fund, convertible portfolio capabilities and the closed end fund group.
Viex Capital is nominating five candidates to Immersion’s seven-person board. Strategic Value Partners reports to the SEC on Chaparral Energy, and six other filings.
Effective December 20, 2019, The GAMCO Growth Fund changed its name to The Gabelli Growth Fund (the "Fund"). The available share classes are: Class AAA (ticker GABGX), Class A (GGCAX), Class C (GGCCX), and Class I (GGCIX).
Moody's Investors Service has assigned an A2 rating to The Gabelli Multimedia Trust Inc.'s (Ticker: GGT, or the "fund") new $50 million 5.125% Series G Cumulative Preferred Shares. GGT will use the net proceeds from the issuance to redeem its outstanding 6.00% Series B Cumulative Preferred Shares ($20 million) with the remainder of the proceeds to be reinvested back into the portfolio. Concurrently, Moody's affirmed the ratings on GGT's existing Series C Auction Rate Preferred Shares and 5.125% Series E Cumulative Preferred Shares.
The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") is pleased to announce the pricing of an offering of two million shares of 5.125% Series G Cumulative Preferred Stock ("Series G Preferred") with an aggregate liquidation value of $50 million. The offering is expected to close on Friday, December 20, 2019, subject to customary closing conditions.
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Our research shows that most of the stocks that smart money likes historically generate strong […]
Moody's Investors Service has assigned an A1 rating to The Gabelli Equity Trust Inc.'s (Ticker: GAB, or the "fund") new $100 million Series K 5.00% Cumulative Preferred Shares. GAB will use the net proceeds from the issuance to redeem its outstanding Series D 5.875% Cumulative Preferred Shares. Concurrently, Moody's affirmed the ratings on GAB's existing Series C Auction Rate Preferred Shares, Series E Auction Rate Preferred Shares, Series H 5.00% Cumulative Preferred Shares and Series J 5.45% Cumulative Preferred Shares.
The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") is pleased to announce the completion of an offering of 4 million shares of 5.00% Series K Cumulative Preferred Stock ("Series K Preferred") valued at $100 million. The offering is expected to close on Monday, December 16, 2019, subject to customary closing conditions.
Horatio Alger Association of Distinguished Americans, Inc., a nonprofit educational organization honoring the achievements of outstanding individuals and encouraging youth to pursue their dreams through higher education, today announced that Mario J. Gabelli, Chairman and CEO, GAMCO Investors, Inc. (NYSE: GBL), has been selected for membership in this prestigious organization. Mr. Gabelli joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. For more than 70 years, the Horatio Alger Award has been annually bestowed upon esteemed individuals who have succeeded despite facing adversities, and who have remained committed to higher education and charitable efforts in their communities.
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...