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Last $55.15 USD
Change Today -3.35 / -5.73%
Volume 32.4K
GBL On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

gamco investors inc-a (GBL) Key Developments

GAMCO Investors, Inc. Declares Regular Quarterly Dividend, Payable on September 29, 2015

On August 4, 2015, the Board of Directors of GAMCO Investors, Inc. declared a regular quarterly dividend of $0.07 per share payable on September 29, 2015 to its Class A and Class B shareholders of record on September 15, 2015.

GAMCO Investors, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

GAMCO Investors, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, revenues were $102,704,000 against $108,296,000 a year ago. Operating income was $34,949,000 against $37,537,000 a year ago. Net income was $24,101,000 against $28,950,000 a year ago. Net income per share was $0.95 against $1.13 a year ago. Adjusted operating income was $36,144,000 against $37,537,000 a year ago. Income before income taxes was $38,170,000 against $46,458,000 a year ago. Net income attributable to GAMCO Investors, Inc. was $24,101,000 or $0.95 per diluted share against $28,950,000 or $1.13 per diluted share a year ago. For the six months, revenues were $206,549,000 against $212,773,000 a year ago. Operating income was $68,894,000 against $74,036,000 a year ago. Income before income taxes was $78,108,000 against $89,050,000 a year ago. Net income was $48,877,000 against $56,904,000 a year ago. Net income per share was $1.93 against $2.22 a year ago. Adjusted operating income was $72,516,000 against $73,598,000 a year ago. Income before income taxes was $78,108,000 against $89,050,000 a year ago. Net income attributable to GAMCO Investors, Inc. was $48,877,000 or $1.93 per diluted share against $56,904,000 or $2.22 per diluted share a year ago.

GAMCO Investors, Inc. Appoints Christopher J. Marangi and Kevin V. Dreyer as Co-Chief Investment Officers

GAMCO Investors, Inc. announced that Christopher J. Marangi and Kevin V. Dreyer have been named Co-Chief Investment Officers of Value team joining Chairman Mario Gabelli in implementing Private Market Value with a Catalyst™ stock selection investment process. Mr. Marangi and Mr. Dreyer joined the firm as security analysts in 2003 and 2005, respectively, from Columbia Business School. Barbara G. Marcin joined GAMCO in 1999 and currently serves as a Portfolio Manager of Gabelli Funds, LLC and manages several funds within the Gabelli/GAMCO Funds Complex. Prior to joining GAMCO, she was head of value investments at Citibank Global Asset Management. Robert D. Leininger joined Gabelli in 1993 as a security analyst covering the beverage industry after earning his MBA from the Wharton School at the University of Pennsylvania.

GAMCO Investors, Inc. Announces Board Changes

GAMCO Investors, Inc. announced several appointments from its senior leadership team designed to re-organize and coordinate organization’s focus on sales and marketing initiatives in its various investment segments. Regina M. Pitaro, a managing director, was named head of institutional marketing, where she will continue to coordinate organization’s focus with consultants and plan sponsors. Regina joined GAMCO in 1984. Christopher C. Desmarais, a managing director, continues in his role as director of socially responsive investing, encompassing ESG mandates Environmental, Social and Governance for mutual fund and separate account businesses. Chris joined GAMCO in 1993. Daniel M. Miller, a managing director, was named executive vice president of marketing for mutual funds business. Dan joined GAMCO in 2002, and was responsible for launching the Gabelli Focus Five, a concentrated all-cap equity strategy offered to clients in a mutual fund and separately managed account. In addition to serving as a Portfolio Manager of the Focus Five Fund, Dan is a member of the Gabelli Equity Trust investment team. Paul M. Swirbul, a senior vice president, was named head of private wealth management marketing for high net worth business. Paul joined GAMCO in 1988 and has been responsible for developing and expanding relationships in the private wealth management market.

GAMCO Investors, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

GAMCO Investors, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of $103,845,000 compared to $104,477,000 a year ago. Operating income before management fee was $38,382,000 compared to $41,227,000 a year ago. Income before management fee and income taxes was $44,375,000 compared to $47,320,000 a year ago. Income before income taxes was $39,938,000 compared to $42,592,000 a year ago. Net income was $24,759,000 compared to $27,976,000 a year ago. Net income attributable to company was $24,776,000 or $0.97 basic and diluted per share compared to $27,954,000 or $1.09 basic and diluted per share a year ago. Operating income, which is net of management fee expense decreased 7.0%, or $2.6 million, to $33.9 million in the first quarter of 2015 versus $36.5 million in the prior year period.

 

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Price/Earnings 14.7x
Price/Sales 3.4x
Price/Book 2.6x
Price/Cash Flow 14.8x
TEV/Sales 2.0x
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