Last $74.95 USD
Change Today -1.55 / -2.03%
Volume 6.0K
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As of 8:04 PM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

gamco investors inc-a (GBL) Key Developments

Gamco Investors Enters Preliminary Agreement with Navigate Fund Solutions

Gamco Investors reported that it has entered into a preliminary agreement with Navigate Fund Solutions, to support the launch by Gamco of a family of NextShares exchange-traded managed funds.

Gamco Investors, Inc. Declares Regular Quarterly Dividend, Payable on March 31, 2015

On February 2, 2015, the board of directors of GAMCO Investors, Inc. declared a regular quarterly dividend of $0.07 per share payable on March 31, 2015 to its Class A and Class B shareholders of record on March 17, 2015.

GAMCO Investors, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

GAMCO Investors, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenue of $116,751,000 compared to $122,714,000 a year ago. Operating income before management fee was $46,903,000 compared to $51,547,000 a year ago. Income before income taxes was $40,409,000 compared to $53,321,000 a year ago. Net income attributable to the company was $28,821,000 or $1.13 diluted per share compared to $33,317,000 or $1.29 diluted per share a year ago. Operating income before management fee was $46,903,000 compared to $51,547,000 a year ago. For the year, the company reported total revenue of $440,382,000 compared to $397,562,000 a year ago. Operating income before management fee was $178,153,000 compared to $40,161,241,000 a year ago. Income before income taxes was $167,621,000 compared to $183,551,000 a year ago. Net income attributable to the company was $109,390,000 or $4.28 diluted per share compared to $116,853,000 or $1.24.549 diluted per share a year ago. Operating income before incentive fees and management fee was $171,903,000 compared to $147,003,000 a year ago.

Gamco Investors Appoints Andrew Bell to Chair New US Activist Trust

Gamco Investors, has hired Witan chief executive Andrew Bell to chair its first investment trust in the UK. Bell, who recently stepped down as chairman of the Association of Investment Companies (AIC), will be backed by Richard Fitzalan Howard, executive chairman of FF&P Asset Management, who also sits on the board of JP Morgan Smaller Companies investment trust. The other directors on the board of the new trust are Charles Irby, former chairman of Aberdeen Asset Management who is also a director of Chris Mill's North Atlantic Smaller Companies investment trust, and Rudolf Bohli, who heads up RBR Capital Advisors in Zurich.

The Gabelli Asset Management Company (GAMCO) Launches the Gabelli Value Plus+ Trust

GAMCO Investors, Inc. announced the proposed launch of a UK listed closed-end fund, The Gabelli Value Plus+ Trust (the Trust), to invest in U.S. equities. The Trust will be managed by Gabelli Funds, LLC and is targeting a fund raise between £100 million and £250 million. As part of the offering, GAMCO Investors, Inc. will invest 10% of the total capital raised in the issue and it is anticipated that the Trust will begin trading in February on the London Stock Exchange under the symbol GVP. The Trust will provide UK investors with direct access to the same broad approach that has brought GAMCO its recognition in the U.S.

 

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Price/Cash Flow 18.1x
TEV/Sales 3.4x
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