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
GAMCO Investors (GAMI) reported assets under management (AUM) of $31.7 billion as of December 31, 2024, compared to $31.1 billion at the end of 2023. The company noted that 2023 AUM included $620 million of SICAV AUM that was reclassified as assets under administration in January 2024.
GAMI expects to report fourth quarter 2024 diluted earnings between $0.65 and $0.71 per share, compared to $0.66 per share in Q4 2023. For the full year 2024, diluted earnings are projected to be between $2.59 and $2.65 per share, up from $2.38 per share in 2023.
The company operates through two main subsidiaries: Gabelli Funds, , which manages 24 open-end funds, 14 closed-end funds, 5 actively managed ETFs, and a SICAV, and GAMCO Asset Management Inc., which handles approximately 1,400 institutional and private wealth separate accounts.
GAMCO Investors (GAMI) ha riportato beni sotto gestione (AUM) pari a 31,7 miliardi di dollari al 31 dicembre 2024, rispetto ai 31,1 miliardi di dollari alla fine del 2023. L'azienda ha sottolineato che gli AUM del 2023 includevano 620 milioni di dollari di AUM SICAV che sono stati riclassificati come beni in amministrazione nel gennaio 2024.
GAMI prevede di riportare utili diluiti del quarto trimestre 2024 compresi tra 0,65 e 0,71 dollari per azione, rispetto a 0,66 dollari per azione nel quarto trimestre 2023. Per l'intero anno 2024, gli utili diluiti sono previsti tra 2,59 e 2,65 dollari per azione, in aumento rispetto a 2,38 dollari per azione nel 2023.
L'azienda opera attraverso due principali sussidiarie: Gabelli Funds, che gestisce 24 fondi aperti, 14 fondi chiusi, 5 ETF gestiti attivamente e una SICAV, e GAMCO Asset Management Inc., che gestisce circa 1.400 conti separati di istituzioni e ricchezze private.
GAMCO Investors (GAMI) informó activos bajo gestión (AUM) de 31.7 mil millones de dólares al 31 de diciembre de 2024, en comparación con 31.1 mil millones de dólares a finales de 2023. La empresa señaló que los AUM de 2023 incluían 620 millones de dólares de AUM SICAV que fueron reclasificados como activos bajo administración en enero de 2024.
GAMI espera reportar ganancias diluidas del cuarto trimestre 2024 entre 0.65 y 0.71 dólares por acción, en comparación con 0.66 dólares por acción en el cuarto trimestre de 2023. Para todo el año 2024, se proyecta que las ganancias diluidas sean entre 2.59 y 2.65 dólares por acción, un aumento respecto a 2.38 dólares por acción en 2023.
La empresa opera a través de dos subsidiarias principales: Gabelli Funds, que gestiona 24 fondos abiertos, 14 fondos cerrados, 5 ETFs gestionados activamente y una SICAV, y GAMCO Asset Management Inc., que maneja aproximadamente 1,400 cuentas separadas de instituciones y patrimonio privado.
GAMCO Investors (GAMI)는 2024년 12월 31일 기준으로 317억 달러의 운용 자산(AUM)을 보고했으며, 이는 2023년 말의 311억 달러와 비교됩니다. 회사는 2023년 AUM에 6억 2천만 달러의 SICAV AUM이 2024년 1월에 관리 자산으로 재분류되었다고 밝혔습니다.
GAMI는 2024년 4분기 희석 주당 수익이 0.65달러에서 0.71달러 사이일 것으로 예상하고 있으며, 이는 2023년 4분기의 0.66달러와 비교됩니다. 2024년 전체 주당 희석 수익은 2.59달러에서 2.65달러 사이로 예상되며, 이는 2023년의 2.38달러에서 증가한 것입니다.
회사는 두 개의 주요 자회사를 통해 운영됩니다: Gabelli Funds는 24개의 개방형 펀드, 14개의 폐쇄형 펀드, 5개의 적극적으로 관리되는 ETF 및 하나의 SICAV를 관리하며, GAMCO Asset Management Inc.는 약 1,400개의 기관 및 개인 자산 별도 계좌를 처리합니다.
GAMCO Investors (GAMI) a déclaré des actifs sous gestion (AUM) de 31,7 milliards de dollars au 31 décembre 2024, contre 31,1 milliards de dollars à la fin de 2023. La société a noté que les AUM de 2023 comprenaient 620 millions de dollars d'AUM SICAV qui ont été reclassifiés en tant qu'actifs sous administration en janvier 2024.
GAMI s'attend à déclarer des bénéfices dilués pour le quatrième trimestre 2024 compris entre 0,65 et 0,71 dollar par action, contre 0,66 dollar par action au quatrième trimestre 2023. Pour l'ensemble de l'année 2024, les bénéfices dilués devraient se situer entre 2,59 et 2,65 dollars par action, contre 2,38 dollars par action en 2023.
La société opère à travers deux principales filiales : Gabelli Funds, qui gère 24 fonds ouverts, 14 fonds fermés, 5 ETF gérés activement et une SICAV, et GAMCO Asset Management Inc., qui gère environ 1 400 comptes séparés d'institutions et de patrimoine privé.
GAMCO Investors (GAMI) berichtete per 31. Dezember 2024 über verwaltete Vermögen (AUM) in Höhe von 31,7 Milliarden Dollar, verglichen mit 31,1 Milliarden Dollar zum Jahresende 2023. Das Unternehmen wies darauf hin, dass die AUM von 2023 620 Millionen Dollar AUM SICAV beinhalteten, die im Januar 2024 als verwaltete Vermögenswerte neu klassifiziert wurden.
GAMI erwartet, dass die verwässerten Erträge im vierten Quartal 2024 zwischen 0,65 und 0,71 Dollar je Aktie liegen werden, im Vergleich zu 0,66 Dollar pro Aktie im vierten Quartal 2023. Für das gesamte Jahr 2024 werden die verwässerten Erträge zwischen 2,59 und 2,65 Dollar je Aktie prognostiziert, was einem Anstieg von 2,38 Dollar pro Aktie im Jahr 2023 entspricht.
Das Unternehmen operiert über zwei Haupttochtergesellschaften: Gabelli Funds, die 24 offene Fonds, 14 geschlossene Fonds, 5 aktiv verwaltete ETFs und eine SICAV verwaltet, und GAMCO Asset Management Inc., die etwa 1.400 institutionelle und private Vermögensverwaltungsmandate betreut.
- AUM increased to $31.7B in 2024 from $31.1B in 2023
- Expected full-year 2024 EPS of $2.59-$2.65, higher than $2.38 in 2023
- Q4 2024 expected EPS range ($0.65-$0.71) maintains or exceeds Q4 2023 level ($0.66)
- 2023 AUM figures included $620M of SICAV assets that were reclassified in 2024
GREENWICH, Conn., Jan. 02, 2025 (GLOBE NEWSWIRE) -- GAMCO Investors, Inc. (“GAMI”) (OTCQX: GAMI) announced today that assets under management (“AUM”) were
GAMI expects to report fourth quarter 2024 diluted earnings in the range of
GAMI will be issuing further details on its financial results in early February.
About GAMCO Investors, Inc.
GAMI is known for its research-driven value approach to equity investing (known as PMV with a CatalystTM). GAMI conducts its investment advisory business principally through two subsidiaries: Gabelli Funds, LLC (24 open-end funds, 14 closed-end funds, 5 actively managed ETFs, and a SICAV) and GAMCO Asset Management Inc. (approximately 1,400 institutional and private wealth separate accounts, principally in the U.S.). GAMI serves a broad client base including institutions, intermediaries, offshore investors, private wealth, and direct retail investors. In recent years, GAMI has successfully integrated new teams of RIAs by providing attractive compensation arrangements and extensive research capabilities.
Gabelli Funds offers a wide range of solutions for clients across Value and Growth Equity, Convertibles, actively managed ETFs, sector-focused strategies including Gold and Utilities, Merger Arbitrage, Fixed Income, and 100 % U.S. Treasury Money Market Funds.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
The financial results set forth in this press release are preliminary. 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. Forward-looking statements convey our current expectations or forecasts of future events. You can identify these statements because they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning. They also appear in any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance of our products, expenses, the outcome of any legal proceedings, and financial results. Although we believe that we are basing our expectations and beliefs on reasonable assumptions within the bounds of what we currently know about our business and operations, the economy, and other conditions, there can be no assurance that our actual results will not differ materially from what we expect or believe. Therefore, you should proceed with caution in relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance.
Forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors, some of which are listed below, that are difficult to predict and could cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements. Some of the factors that may cause our actual results to differ from our expectations include risks associated with the duration and scope of the ongoing coronavirus pandemic resulting in volatile market conditions, a decline in the securities markets that adversely affect our assets under management, negative performance of our products, the failure to perform as required under our investment management agreements, and a general downturn in the economy that negatively impacts our operations. We also direct your attention to the more specific discussions of these and other risks, uncertainties and other important factors contained in our Annual Report and other public filings. Other factors that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We do not undertake to update publicly any forward-looking statements if we subsequently learn that we are unlikely to achieve our expectations whether as a result of new information, future developments or otherwise, except as may be required by law.
| Contact: | Kieran Caterina |
| SVP, Chief Accounting Officer | |
| (914) 921-5149 | |
| For further information please visit | |
| www.gabelli.com |
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