GAMCO Expects to Report Diluted EPS for the Third Quarter 2024 of $0.67 to $0.73 Per Share
GAMCO Investors, Inc. (OTCQX: GAMI) announced its assets under management (AUM) reached $32.1 billion as of September 30, 2024, compared to an adjusted $28.6 billion on the same date in 2023. The company expects to report third quarter 2024 diluted earnings between $0.67 and $0.73 per share, up from $0.52 per share in Q3 2023. GAMI, known for its research-driven value approach to equity investing (PMV with a Catalyst™), operates through two main subsidiaries: Gabelli Funds, and GAMCO Asset Management Inc. These entities manage a diverse range of investment products, including open-end and closed-end funds, ETFs, and separate accounts for institutional and private wealth clients.
GAMCO Investors, Inc. (OTCQX: GAMI) ha annunciato che i suoi attivi sotto gestione (AUM) hanno raggiunto 32,1 miliardi di dollari al 30 settembre 2024, rispetto a un valore rettificato di 28,6 miliardi di dollari nello stesso giorno del 2023. L'azienda prevede di riportare un utile diluito del terzo trimestre 2024 compreso tra 0,67 e 0,73 dollari per azione, in aumento rispetto a 0,52 dollari per azione nel terzo trimestre del 2023. GAMI, nota per il suo approccio agli investimenti azionari incentrato sulla ricerca (PMV con un Catalizzatore™), opera attraverso due principali sussidiarie: Gabelli Funds e GAMCO Asset Management Inc. Queste entità gestiscono una vasta gamma di prodotti di investimento, tra cui fondi aperti e chiusi, ETF e conti separati per clienti istituzionali e di private wealth.
GAMCO Investors, Inc. (OTCQX: GAMI) anunció que sus activos bajo gestión (AUM) alcanzaron $32.1 mil millones al 30 de septiembre de 2024, en comparación con un total ajustado de $28.6 mil millones en la misma fecha de 2023. La compañía espera informar un beneficio diluido del tercer trimestre de 2024 entre $0.67 y $0.73 por acción, en aumento desde $0.52 por acción en el Q3 de 2023. GAMI, conocida por su enfoque de inversión en valor basado en investigación (PMV con un Catalizador™), opera a través de dos subsidiarias principales: Gabelli Funds y GAMCO Asset Management Inc. Estas entidades gestionan una amplia gama de productos de inversión, incluidos fondos abiertos y cerrados, ETFs y cuentas separadas para clientes institucionales y de patrimonio privado.
GAMCO Investors, Inc. (OTCQX: GAMI)는 2024년 9월 30일 기준으로 운용 자산(AUM)이 321억 달러에 도달했다고 발표했습니다. 이는 2023년 같은 날짜의 조정된 286억 달러와 비교됩니다. 회사는 2024년 3분기 희석 주당 순이익이 $0.67에서 $0.73 사이일 것으로 예상하며, 이는 2023년 3분기에 $0.52에서 증가한 수치입니다. GAMI는 연구 기반 가치 투자 접근법(PMV with a Catalyst™)으로 알려져 있으며, Gabelli Funds와 GAMCO Asset Management Inc의 두 개 주요 자회사를 통해 운영됩니다. 이 기관들은 개방형 및 폐쇄형 펀드, ETF 및 기관 및 개인 자산 고객을 위한 별도 계좌를 포함한 다양한 투자 제품을 관리합니다.
GAMCO Investors, Inc. (OTCQX: GAMI) a annoncé que ses actifs sous gestion (AUM) ont atteint 32,1 milliards de dollars au 30 septembre 2024, comparativement à un total ajusté de 28,6 milliards de dollars à la même date en 2023. La société prévoit de rapporter un bénéfice dilué au troisième trimestre 2024 compris entre 0,67 et 0,73 dollar par action, en hausse par rapport à 0,52 dollar par action au T3 2023. GAMI, connue pour son approche d'investissement en valeur axée sur la recherche (PMV avec un Catalyseur™), opère à travers deux principales filiales : Gabelli Funds et GAMCO Asset Management Inc. Ces entités gèrent une vaste gamme de produits d'investissement, y compris des fonds ouverts et fermés, des ETF et des comptes séparés pour des clients institutionnels et de gestion de patrimoine privé.
GAMCO Investors, Inc. (OTCQX: GAMI) gab bekannt, dass ihre Assets under Management (AUM) am 30. September 2024 32,1 Milliarden Dollar erreichten, verglichen mit einem ajustierten Wert von 28,6 Milliarden Dollar am selben Datum im Jahr 2023. Das Unternehmen erwartet, dass es im dritten Quartal 2024 einen verwässerten Gewinn zwischen 0,67 und 0,73 Dollar pro Aktie berichten wird, was einem Anstieg von 0,52 Dollar pro Aktie im 3. Quartal 2023 entspricht. GAMI, bekannt für ihren forschungsbasierten wertorientierten Investmentansatz (PMV mit einem Catalyst™), operiert über zwei Haupttochtergesellschaften: Gabelli Funds und GAMCO Asset Management Inc. Diese Einrichtungen verwalten eine Vielzahl von Anlageprodukten, einschließlich offener und geschlossener Fonds, ETFs und separaten Konten für institutionelle und private Vermögenskunden.
- Assets under management (AUM) increased to $32.1 billion from $28.6 billion year-over-year
- Expected Q3 2024 diluted earnings per share of $0.67 to $0.73, up from $0.52 in Q3 2023
- Diverse product offerings including open-end funds, closed-end funds, ETFs, and separate accounts
- None.
GREENWICH, Conn., Oct. 01, 2024 (GLOBE NEWSWIRE) -- GAMCO Investors, Inc. (“GAMI”) (OTCQX: GAMI) announced today that assets under management (“AUM”) were
GAMI expects to report third quarter 2024 diluted earnings in the range of
GAMI will be issuing further details on its financial results in early November.
About GAMCO Investors, Inc.
GAMI is known for its research-driven value approach to equity investing (known as PMV with a Catalyst™). 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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