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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 hosting Aerospace & Defense Symposium, focusing on strong demand outlook, high barriers to entry, large aftermarket opportunity, growth exceeding GDP, defense spending, and M&A potential. Attendees will meet management. No specific positive or negative business takes mentioned.
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Ellsworth Growth and Income Fund Ltd. declares $0.13 per share cash distribution payable on September 22, 2023.
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The Gabelli Healthcare & WellnessRx Trust (GRX) declared a $0.15 per share cash distribution payable on September 22, 2023 to common shareholders of record on September 15, 2023. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
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The Gabelli Utility Trust (GUT) continues its fixed monthly cash distributions, declaring $0.05 per share for October, November, and December 2023. The Fund's shares are currently trading at a premium to net asset value, but the Board of Trustees believes this premium is not likely to be sustainable.
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The Gabelli Global Utility & Income Trust announces an increase in annual dividend rate on Series B Preferred shares to 5.20%, effective September 26, 2023. Additional put date approved on December 26, 2024. Series B Preferred becomes perpetual after December 26, 2024. Shares trade on NYSE American under symbol GLU Pr B.
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Gabelli Funds is hosting a PFAS Symposium on September 28, 2023, at the Harvard Club in New York City. The symposium will focus on issues surrounding PFAS uses, replacements, and remediation. It will feature presentations from leading companies in waste and disposal services, water utilities, testing, and remediation. Attendees will have the opportunity to meet with management in a one-on-one setting.
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Gabelli Funds, LLC - Annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 7th. The conference will gather top executives from over ten companies, discussing strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry.
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GABXX: Gabelli U.S. Treasury Money Market Fund Exceeds $4 Billion in Assets Under Management
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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