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GAMCO Investors, Inc. (NYSE:GBL) is a prominent investment advisory services provider for various types of investors. Established in 1977 by Mario J. Gabelli, the company is renowned for its research-driven equity investment approach and the proprietary Private Market Value (PMV) with a Catalyst™ stock selection strategy. With $39.7 billion assets under management (AUM) as of December 31, 2016, 95% of which is invested in equities, GAMCO operates through two registered investment advisers: GAMCO Asset Management Inc. (institutional and private wealth management) and Gabelli Funds, LLC (funds). G.Distributors, LLC serves as an underwriter and distributor for the company's open-end funds.
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Gabelli Funds to Host 15th Annual Specialty Chemical Symposium on March 14, 2024, in New York. Event to Focus on Pricing Power, Margin Recovery, and Global Supply Chain Trends.
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The Gabelli Healthcare & WellnessRx Trust (GRX) declares a $0.15 per share cash distribution payable on March 21, 2024, to common shareholders of record on March 14, 2024. The Fund aims to pay quarterly distributions determined by the Board of Trustees, with potential adjusting distributions in December based on additional income and net realized capital gains. Shareholders should be aware of tax implications and the possibility of return of capital if distributions exceed earnings.
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Ellsworth Growth and Income Fund Ltd. (ECF) declared a $0.13 per share cash distribution for common shareholders, aiming to meet the minimum distribution requirement of the Internal Revenue Code. The Fund's distribution policy allows for adjustments based on income, capital gains, and market conditions. Shareholders may receive long-term capital gains, qualified dividend income, or a return of capital, subject to tax implications. The 2024 distribution is estimated to consist of 52% net investment income and 48% return of capital.
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The Gabelli Utility Trust (GUT) continues its fixed monthly cash distributions, declaring $0.05 per share for April, May, and June 2024. The Board of Trustees reviews distribution amounts quarterly based on income and market conditions. Shareholders may receive long-term capital gains or qualified dividend income. The Fund's shares trade at a premium to net asset value, which may not be sustainable.
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GAMI reported Quarter End AUM of $31.1 billion, Average AUM of $29.5 billion for the Fourth Quarter, Operating Margin of 27.6% for the Fourth Quarter, and 28.1% for full year 2023. The company also reported a Fourth Quarter Fully Diluted EPS of $0.66 versus $0.52 for Third Quarter 2023 and $0.83 in the Fourth Quarter of 2022. However, 2023 Fully Diluted EPS was $2.38 versus $2.51 for 2022. GAMI ended 2023 with $166.0 million in cash and cash equivalents. The firm’s combined charitable donations total approximately $74 million since its IPO in February 1999.
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Gabelli Funds is hosting a Pump, Valve & Water Systems Symposium at the Yale Club in New York City on February 22, 2024. The symposium will focus on infrastructure spending, resource security, conservation, and M&A in the industry. Attendees will have the opportunity to engage in one-on-one sessions with management to learn about the strategies and growth prospects of the companies involved.
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GAMCO Investors, Inc. (GAMI) reported that assets under management were $31.1 billion at December 31, 2023, compared to $29.3 billion at December 31, 2022. They expect to report fourth quarter 2023 diluted earnings in the range of $0.63 to $0.69 per share versus $0.83 per share for the fourth quarter of 2022. Additionally, they expect to report 2023 diluted earnings in the range of $2.35 to $2.41 per share versus $2.51 per share for 2022. GAMI will release further details on its financial results in early February.
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Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) declared a $0.13 per share cash distribution payable on December 28, 2023 to common shareholders of record on November 22, 2023. Shareholders have the option to receive the distribution in cash or in beneficial shares of the Fund, with the expiration date of the option set on December 14, 2023. The Fund aims to pay an annual distribution of 5% of the Fund’s trailing 12-month average month-end market price or meet the minimum distribution requirement of the Internal Revenue Code for regulated investment companies. The Fund's distribution policy is subject to modification or termination by the Board of Trustees at any time.
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GRX - Gabelli Healthcare & WellnessRx Trust Declares $0.15 per Share Cash Distribution. The Board of Trustees declared a $0.15 per share cash distribution payable on December 22, 2023, to common shareholders of record on December 15, 2023. The Fund intends to pay a quarterly distribution of an amount determined each quarter by the Board of Trustees. The distribution policy is subject to modification or termination by the Board of Trustees at any time.
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NYSE: GUT - The Gabelli Utility Trust Continues Monthly Cash Distributions
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FAQ
What is the current stock price of GAMCO INVESTORS A (GAMI)?
The current stock price of GAMCO INVESTORS A (GAMI) is $24.22 as of December 20, 2024.
What is the market cap of GAMCO INVESTORS A (GAMI)?
The market cap of GAMCO INVESTORS A (GAMI) is approximately 639.4M.
When was GAMCO Investors, Inc. founded?
GAMCO Investors, Inc. was founded in 1977 by Mario J. Gabelli.
What is the significance of the Private Market Value (PMV) strategy used by GAMCO?
The Private Market Value (PMV) with a Catalyst™ stock selection strategy is a proprietary approach employed by GAMCO for equity investing.
How much assets under management (AUM) does GAMCO have?
As of December 31, 2016, GAMCO had $39.7 billion in assets under management.
What percentage of GAMCO's AUM is invested in equities?
95% of GAMCO's $39.7 billion assets under management is invested in equities.
How does GAMCO operate in terms of registered investment advisers?
GAMCO operates through two registered investment advisers: GAMCO Asset Management Inc. for institutional and private wealth management and Gabelli Funds, LLC for funds.
GAMCO INVESTORS INC A