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Teton Advisors (TETAA) is a specialized real estate advisory firm providing strategic guidance on property investments and market analysis. This page serves as the definitive source for official company news, offering stakeholders timely updates on financial developments and industry insights.
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Teton Advisors (OTCQX: TETAA) has announced its preliminary financial results for the third quarter of 2024. The company's assets under management (AUM) increased to $1.4 billion as of September 30, 2024, up from $1.3 billion a year earlier. Teton expects to report gross revenue of $3.1 million, unchanged from Q3 2023. Net investment advisory fees, the primary source of operating revenue, are anticipated to be $2.7 million, slightly down from $2.8 million in Q3 2023.
The company projects diluted earnings per share (EPS) between $0.14 and $0.24 for Q3 2024, compared to $0.21 in Q3 2023. The $0.10 range is attributed to uncertainties in tax provisions and amortization effects from a recent private client business acquisition. Teton's Board has approved a $500,000 share repurchase plan on October 3, 2024. Full financial details will be released in early November.
Teton Advisors (OTCQX: TETAA) will host an annual meeting and webcast to discuss company operations. The event will feature CEO Stephen Bondi and the executive team, who will review recent financial results and future activities. Key points include leveraging market opportunities via organic growth, product development, and acquisitions. The company emphasizes its multi-strategy asset management, targeting inefficient markets and smaller companies. Enhanced value creation through expanded research and marketing is also highlighted. The meeting will take place in Greenwich, CT, and online; registration is required.
Teton Advisors, Inc. (OTCQX: TETAA) reported its Q4 and full-year 2022 financial results, revealing a 16% decline in annual revenue to
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