Christopher J. Marangi, Co - Chief Investment Officer – Value, Ian Lapey, Portfolio Manager – Global Financial Services, and John T. Belton, Portfolio Manager – Growth to Speak at Impact® 2024 Conference – Fund Managers to Discuss Long Term Wealth Creation through the Ownership of Equities – RYE, N.Y., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, a Diamond Sponsor at the IMPACT® Conference in San Francisco, will host a session for Advisors seeking insights on the power of equities and outlook for the market on Wednesday, November 20, from 11:30 a.m.-12:30 p.m. Christopher J. Marangi...
GAMCO Investors, Inc. Reports Results for the 3rd Quarter 2024 Quarter End AUM of $32.2 billion; Average AUM of $31.6 billion for the Third QuarterThird Quarter Fully Diluted EPS of $0.69 versus $0.52 in the Third Quarter of 2023$261.0 million in Cash, Cash Equivalents, Seed Capital, and Investments and no Debt GREENWICH, Conn., Nov. 07, 2024 (GLOBE NEWSWIRE) -- GAMCO Investors, Inc. (“GAMI”) (OTCQX: GAMI) today reported its operating results for the quarter ended September 30, 2024. Financial Highlights (In thousands, except percentages and per share data) Three Months Ended Sept...
GREENWICH, Conn.--(BUSINESS WIRE)-- GAMCO reviewed Project Rise Partners “Open” Letter to Paramount Shareholders published on the Globe News Wire at 11:56 a.m. today. The letter addresses the offer Project Rise Partners made for Paramount at a price per share higher than the current merger price. Notwithstanding the expiration of the “Go Shop” period on August 21, 2024, Paramount’s Board has an obligation to consider any serious proposals prior to the finalization of the deal. GAMCO believes Paramount should respond to this offer and explain why it is not being or was not considered. GAMCO’s ...
GAMCO Expects to Report Diluted EPS for the Third Quarter 2024 of $0.67 to $0.73 Per Share GREENWICH, Conn., Oct. 01, 2024 (GLOBE NEWSWIRE) -- GAMCO Investors, Inc. (“GAMI”) (OTCQX: GAMI) announced today that assets under management (“AUM”) were $32.1 billion at September 30, 2024 as compared to an adjusted $28.6 billion at September 30, 2023. AUM would have been $32.6 billion at September 30, 2024 on the same basis as the reported $29.2 billion at September 30, 2023. GAMI expects to report third quarter 2024 diluted earnings in the range of $0.67 to $0.73 per share versus $0.5...
GAMCO Investors, Inc. Announces Special Dividend of $2.00 per share GREENWICH, Conn., Sept. 19, 2024 (GLOBE NEWSWIRE) -- GAMCO Investors, Inc. (“GAMCO”) (OTCQX: GAMI) today announced that its Board of Directors has declared a special cash dividend of $2.00 per share, payable on November 4, 2024, to Class A and Class B shareholders of record as of the close of business on September 30, 2024. It is expected that the $2.00 dividend will be paid from current earnings and profits. The aggregate payment will be approximately $48.4 million, based on shares outstanding of 24.2 million as of the d...
Gabelli Financial Services Opportunities ETF (GABF) To Convert to Transparent ETF Structure GREENWICH, Conn., Sept. 13, 2024 (GLOBE NEWSWIRE) -- GAMCO Investors, Inc. (“GAMCO”) (OTCQX: GAMI) announced that effective September 13, 2024, its actively managed Gabelli Financial Services Opportunities ETF (NYSE Arca: ) will convert from a “semi-transparent” ETF to a “transparent” ETF and will disclose its portfolio holdings daily. This is subject to the registration statement being declared effective by the Securities and Exchange Commission. From inception through September 10, 2024, GABF g...
GREENWICH, Conn.--(BUSINESS WIRE)-- GAMCO Asset Management Inc. (“GAMCO”), an affiliate of GAMCO Investors, Inc. (OTCQX: GAMI), on behalf of its clients and certain of its affiliates owns approximately 2,872,654 shares of Dril-Quip, Inc. (NYSE: DRQ) (“Dril-Quip”), representing 8.34% of the 34,452,230 outstanding shares. GAMCO intends to vote “Against” the proposed merger with Innovex Downhole Solutions (“Innovex”). On August 23, 2024, Glass, Lewis & Co. LLC (“Glass Lewis”) published its report regarding Dril-Quip’s merger with Innovex. Glass Lewis recommends that stockholders vote “Against” ...
GREENWICH, Conn.--(BUSINESS WIRE)-- GAMCO Asset Management Inc. (“GAMCO”), an affiliate of GAMCO Investors, Inc. (OTCQX: GAMI), on behalf of its clients and certain of its affiliates owns approximately 2,866,654 shares of Dril-Quip, Inc. (NYSE: DRQ) (“Dril-Quip”), representing 8.32% of the 34,452,230 outstanding shares. GAMCO intends to vote “Against” the proposed merger with Innovex Downhole Solutions (“Innovex”). On August 16, 2024, Institutional Shareholder Services (“ISS”) published its report on Dril-Quip’s merger with Innovex. In summary, ISS recommended voting in favor of the proposal...
GREENWICH, Conn.--(BUSINESS WIRE)-- GAMCO Asset Management Inc. (“GAMCO”), an affiliate of GAMCO Investors, Inc. (OTCQX: GAMI), on behalf of its clients and certain of its affiliates owns approximately 2,866,654 shares of Dril-Quip, Inc. (NYSE: DRQ), representing 8.32% of the 34,452,230 outstanding shares as reported in Dril-Quip’s most recently filed Form 10-Q for the quarter ended June 30, 2024. GAMCO’s Proxy Voting Committee (“PVC”) intends to vote “Against” the proposed merger with Innovex Downhole Solutions (“Innovex”). This press release features multimedia. View the full release here: ...
GAMCO Investors, Inc. Reports Results for the 2nd Quarter 2024 Quarter End AUM of $30.7 billion; Average AUM of $31.1 billion for the Second QuarterOperating Margin of 27.1% for the Second QuarterSecond Quarter Fully Diluted EPS of $0.61 versus $0.58 in the Second Quarter of 2023$232.3 million in Cash, Cash Equivalents, Investments and no Debt GREENWICH, Conn., Aug. 06, 2024 (GLOBE NEWSWIRE) -- GAMCO Investors, Inc. (“GAMI”) (OTCQX: GAMI) today reported its operating results for the quarter ended June 30, 2024. Financial Highlights (In thousands, except percentages and per share data) ...
GREENWICH, Conn.--(BUSINESS WIRE)-- GAMCO Asset Management Inc. (“GAMCO”), an affiliate of GAMCO Investors, Inc. (OTCQX: GAMI), and certain other affiliates own, on behalf of their clients, approximately 1.05% of the outstanding common stock of Vista Outdoor Inc. (NYSE: VSTO) (the “Company”). On July 26, 2024, GAMCO sent a letter to the Company’s Chairman of the Board. A copy of the letter is referenced herein. Mr. Michael Callahan Chairman of the Board Vista Outdoor, Inc. Dear Michael: GAMCO Asset Management Inc. (“GAMCO”), on behalf of its clients, and certain of its affiliates owns ap...
GAMCO Will Benefit From Executive Decision to Waive Compensation from August 1, 2024 to October 31, 2024 GREENWICH, Conn., July 15, 2024 (GLOBE NEWSWIRE) -- GAMCO Investors, Inc. (“GAMCO”) (OTCQX: GAMI) announced today that its Chairman and co-CEO, Mr. Mario J. Gabelli, has elected to waive all of his Portfolio and Relationship compensation that he would otherwise have been entitled to for the period from August 1, 2024 to October 31, 2024. This waiver does not include his Incentive Management Fee. About GAMCO Investors, Inc. GAMI is known for its research-driven value approach to equi...
GAMCO Expects to Report Diluted EPS for the Second Quarter 2024 of $0.59 to $0.65 Per Share GREENWICH, Conn., July 02, 2024 (GLOBE NEWSWIRE) -- GAMCO Investors, Inc. (“GAMI”) (OTCQX: GAMI) announced today that assets under management (“AUM”) were $30.7 billion at June 30, 2024 as compared to an adjusted $30.1 billion at June 30, 2023. AUM would have been $31.2 billion at June 30, 2024 on the same basis as the reported $30.7 billion at June 30, 2023. GAMI expects to report second quarter 2024 diluted earnings in the range of $0.59 to $0.65 per share versus $0.58 per share for the second q...
GREENWICH, Conn.--(BUSINESS WIRE)-- Gabelli Funds announces Peter S. Lynch as the 2024 recipient of the Graham & Dodd, Murray, Greenwald Prize for Value Investing. He was presented with the Prize at the firm’s thirty-ninth client conference on Friday, May 10th in New York. In announcing Peter S. Lynch as the 2024 recipient, Tano Santos, the Robert Heilbrunn Professor of Asset Management and Finance and Academic Director of the Heilbrunn Center for Graham & Dodd Investing at Columbia Business School stated, “Given his accomplishments, Peter has made a lasting and important impact on the field...
GREENWICH, Conn.--(BUSINESS WIRE)-- Gabelli Funds introduced the 2024 inductees to the GAMCO Management Hall of Fame at its thirty-ninth annual client conference which was held on Friday, May 10 at the Pierre Hotel in New York. The inductees to the Hall of Fame are Scott C. Donnelly of Textron Inc., Robert A. Kotick of Activision Blizzard, Gregory V. Maffei of Liberty Media Corporation and Tony Najjar of CIRCOR International. In 1990, Gabelli Funds established the GAMCO Management Hall of Fame to honor corporate executives for their outstanding contributions in enhancing shareholder value. W...
GAMCO Investors, Inc. Reports Results for the First Quarter 2024 Quarter End AUM of $31.7 billion; Average AUM of $30.7 billion for the First QuarterOperating Margin of 27.0% for the First QuarterFirst Quarter Fully Diluted EPS of $0.64 versus $0.62 in the First Quarter of 2023Gabelli U.S. Treasury Fund surpassed $5.0 billion of AUM in April$221.1 million in Cash, Cash Equivalents, and Investments with no DebtDeclared Regular Quarterly Dividend of $0.04 per share and a Special Dividend of $0.20 per share GREENWICH, Conn., May 08, 2024 (GLOBE NEWSWIRE) -- GAMCO Investors, Inc. (“GAMI”) (O...
GAMCO Board Declares Special Dividend of $0.20 per share and Regular Quarterly Dividend of $0.04 per share GREENWICH, Conn., May 07, 2024 (GLOBE NEWSWIRE) -- GAMCO Investors, Inc. (“GAMI”) (OTCQX: GAMI) announced today that its Board of Directors approved a special dividend of $0.20 per share and a regular quarterly dividend of $0.04 per share to all of its Class A and Class B shareholders, payable on June 25, 2024 to its shareholders of record on June 11, 2024. About GAMCO Investors, Inc. GAMI is best known for its research-driven value approach to equity investing (known as PMV with a...
GAMCO Expects to Report Diluted EPS for the First Quarter 2024 of $0.61 to $0.67 Per Share GREENWICH, Conn., April 01, 2024 (GLOBE NEWSWIRE) -- GAMCO Investors, Inc. (“GAMI”) (OTCQX: GAMI) announced today that assets under management were $32.4 billion at March 31, 2024 as compared to $30.7 billion at March 31, 2023. GAMI expects to report first quarter 2024 diluted earnings in the range of $0.61 to $0.67 per share versus $0.62 per share for the first quarter of 2023. GAMI will be issuing further details on its financial results in early May. About GAMCO Investors, Inc. GAMI is known ...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
GREENWICH, Conn.--(BUSINESS WIRE)-- On a public company’s recent publicly available 2023 Earnings Call only sell side analysts were permitted to ask a question. A GAMCO Investors, Inc. (OTCQX: GAMI) (“GAMCO”) buy side analyst was precluded from asking a question. GAMCO believes this process is inappropriate and that any shareholder of an Issuer that files a 13F should be given the opportunity to ask a question on a public conference call. Should any company not follow this open practice, it will be recommended to GAMCO’s proxy voting committee that GAMCO withhold votes for management of that c...
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