reports
Gabelli Funds Names Robert Lyons, Luca Savi, Ian Walsh, and Ken Yoshid...
Gabelli Funds Names Robert Lyons, Luca Savi, Ian Walsh, and Ken Yoshida to Management Hall of Fame GREENWICH, Con., May 20, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds introduced the 2025 inductees to the GAMCO Management Hall of Fame at its fortieth annual client conference which was held on Friday, May 16 at the Pierre Hotel in New York. The inductees to the Hall of Fame are Robert C. Lyons of GATX Corporation, Luca Savi of ITT Inc., Ian K. Walsh of Kaman Corporation, and Kenichiro Yoshida of Sony Group Corporation. In 1990, Gabelli Funds established the GAMCO Management Hall of Fame to h...
GAMCO Investors, Inc. Reports Results for the First Quarter 2025
GAMCO Investors, Inc. Reports Results for the First Quarter 2025 Quarter End AUM of $31.2 billionOperating Margin of 32.4% for the First Quarter First Quarter Earnings of $0.81 per Share versus $0.64 per Share in the First Quarter of 2024$175.4 million in Cash, Cash Equivalents, Seed Capital, and Investments, and No DebtEntered Partnership with Keeley on May 1st of 4 Open-End Funds and ~500 Separately Managed Accounts from Keeley-Teton, Adding Close to $1.0 billion in AUMOpened an office in Zurich, Switzerland GREENWICH, Conn., May 08, 2025 (GLOBE NEWSWIRE) -- GAMCO Investors, Inc. (“Gab...
Gabelli Announces Partnership with Keeley’s Asset and Wealth Managemen...
Gabelli Announces Partnership with Keeley’s Asset and Wealth Management Services GREENWICH, Conn. and CHICAGO, May 01, 2025 (GLOBE NEWSWIRE) -- GAMCO Investors, Inc. (“Gabelli”) (OTCQX: GAMI) announced today that it has reached an agreement with Teton Advisors, Inc. (OTC Pink: TETAA) for the investment management services business of Keeley – Teton Advisors, LLC (“Keeley”). Keeley consists of four mutual funds and approximately 500 separately managed accounts (SMAs) with assets under management (“AUM”) of close to $1.0 billion. As part of the transaction, employees of Chicago-based Keel...
GAMCO Expects to Report Diluted EPS for the First Quarter 2025 of $0.7...
GAMCO Expects to Report Diluted EPS for the First Quarter 2025 of $0.75 to $0.81 Per Share GREENWICH, Conn., April 01, 2025 (GLOBE NEWSWIRE) -- GAMCO Investors, Inc. (“Gabelli”) (OTCQX: GAMI) announced today that assets under management (“AUM”) were $31.1 billion at March 31, 2025 as compared to $31.7 billion at March 31, 2024. Gabelli expects to report first quarter 2025 diluted earnings in the range of $0.75 to $0.81 per share versus $0.64 per share for the first quarter of 2024. Gabelli will be issuing further details on its financial results in early May. About GAMCO Investors, Inc...
GAMCO Discloses Ownership of Burnham Holdings
GREENWICH, Conn.--(BUSINESS WIRE)-- GAMCO Asset Management Inc. (“GAMCO”), an affiliate of GAMCO Investors, Inc. (OTCQX: GAMI), along with certain other affiliates, collectively own on behalf of their clients approximately 296,400 shares of Class A common stock of Burnham Holdings, Inc. (OTCPK: BURCA) (“Burnham”) which represents approximately 8.93% of Burnham’s Class A shares outstanding. Due to the fact that BURCA is not an SEC Registrant, GAMCO’s usual process of filing an ownership disclosure form on Schedule 13D is not available. Therefore, this press release serves as notice of GAMCO’s...
GAMCO’s Chairman Elects to Waive Compensation from March 1, 2025 to Ma...
GAMCO’s Chairman Elects to Waive Compensation from March 1, 2025 to May 31, 2025 - To Accelerate ETF and CIT Development GREENWICH, Conn., Feb. 05, 2025 (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 March 1, 2025 to May 31, 2025. This will provide cushion for investment strategy development. About Gabelli Gabelli is best known for its research-driven value approach...
GAMCO Investors, Inc. Reports Results for the Fourth Quarter and Year ...
GAMCO Investors, Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2024 Quarter End AUM of $31.7 billionOperating Margin of 32.3% for the Fourth Quarter and 31.0% for 2024Fourth Quarter Earnings of $0.70 per Share versus $0.66 per Share in the Fourth Quarter of 20232024 Earnings of $2.65 per Share versus $2.38 per Share for 2023$182.8 million in Cash, Cash Equivalents, Seed Capital, and Investments and No DebtBoard Authorizes 100% Increase of the Regular Quarterly DividendRepurchased 1.3 million Shares, or 3% of Outstanding Shares, During the Fourth Quarter of 2024 and...
GAMCO Supports Matthews International’s Nominees at 2025 Annual Meetin...
GREENWICH, Conn.--(BUSINESS WIRE)-- GAMCO Asset Management Inc. (“GAMCO”), an affiliate of GAMCO Investors, Inc. (OTCQX: GAMI), along with certain other affiliates, collectively owns approximately 4.39% of the outstanding common stock of Matthews International Corporation (NasdaqGS: MATW) (“Matthews” or the “Company”) on behalf of its clients. GAMCO understands that Barington Companies Equity Partners, L.P. (“Barington”) has notified Matthews of its intent to nominate three candidates for election at the Company’s 2025 Annual Meeting of Shareholders. GAMCO’s Proxy Voting Committee applauds B...
UPDATE - United Kingdom Investment Trusts
UPDATE - United Kingdom Investment Trusts GREENWICH, Conn., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Closed-End – David Schachter, Senior Vice President of Gabelli Funds, will travel to the United Kingdom to visit selected investment trusts. With over 40 years of experience exclusively with retail, long term, closed-end fund investors, Mr. Schachter, a most senior and experienced veteran of the U.S. Closed-End Fund industry, is also Vice President of The GAMCO Natural Resources, Gold & Income Trust (GNT), which trades on the NYSE. During the 19th century, capital was raised through closed-end ...
Discount Doctor to Visit United Kingdom in Support of Investment Trust...
Discount Doctor to Visit United Kingdom in Support of Investment Trusts RYE, N.Y., Jan. 28, 2025 (GLOBE NEWSWIRE) -- David Schachter, Senior Vice President of GAMCO Investors, Inc., will visit the United Kingdom to convey support for the British investment trust industry. With over 40 years of experience exclusively with retail, long term, closed-end fund investors, Mr. Schachter, a most senior and experienced veteran of the U.S. Closed End Fund industry, was recently given the title of Discount Doctor by the Trustees of The GAMCO Natural Resources, Gold & Income Trust (GNT), which trade...
GAMCO Expects to Report Diluted EPS for the Fourth Quarter 2024 of $0....
GAMCO Expects to Report Diluted EPS for the Fourth Quarter 2024 of $0.65 to $0.71 Per Share and 2024 Diluted EPS of $2.59 to $2.65 Per Share GREENWICH, Conn., Jan. 02, 2025 (GLOBE NEWSWIRE) -- GAMCO Investors, Inc. (“GAMI”) (OTCQX: GAMI) announced today that assets under management (“AUM”) were $31.7 billion at December 31, 2024 as compared to $31.1 billion at December 31, 2023. The 2023 AUM included $620 million of SICAV AUM that were subsequently reclassified in January 2024 as assets under administration. GAMI expects to report fourth quarter 2024 diluted earnings in the range of $0.6...
Christopher J. Marangi, Co - Chief Investment Officer – Value, Ian Lap...
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
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...
GAMCO Says Paramount Board Should Review Project Rise Partners’ Offer ...
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 $0.6...
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
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 Tran...
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...
GAMCO: Glass Lewis Firmly Opposes Dril-Quip Merger
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” ...
GAMCO: Dril-Quip’s ‘ISS For Merger’ Claim Is Contrary To ISS’s Actual ...
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...
GAMCO Opposes Dril-Quip’s Merger Scheduled for Vote September 5th
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: ...
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