Gamco Invs Inc Stock Price, News & Analysis

The Gabelli U.S. Treasury Money Market Fund (NASDAQ: GABXX) has been recognized in Forbes Advisor’s Best of 2023 list. The Fund, managed by Gabelli Funds, LLC, is distinguished by its exclusive investment in U.S. Treasury securities, providing a competitive after-tax yield with total expenses capped at 0.08%. This fund's objective centers on generating high current income while preserving principal and ensuring liquidity. However, investors should note that investments in the Fund are not insured by any government agency, and while the Fund aims to maintain a value of $1.00 per share, there is potential for loss.

For further inquiries, Gabelli Funds provides support via their contact numbers.

GAMCO Investors, Inc. (GAMI) announced that it anticipates reporting first quarter 2023 diluted earnings between $0.60 and $0.66 per share, compared to $0.66 per share for the same period in 2022. As of March 31, 2023, GAMI's assets under management reached $30.7 billion, an increase from $29.3 billion at the end of 2022. Detailed financial results will be disclosed in early May. GAMI employs a research-driven value investment approach and operates through subsidiaries including Gabelli Funds and GAMCO Asset Management, serving various clients including institutions and retail investors. The company has a diverse investment product range, covering Value and Growth Equity, SRI, and sector-focused strategies.

GAMCO Investors, Inc. (GAMI) reported its financial results for the year ended December 31, 2022, revealing revenues of $258.7 million, a decline from $301.1 million in 2021. The fourth quarter showed revenues of $61.6 million, down from $81.7 million in the same period the previous year. The company's operating income and net income also decreased significantly. GAMCO ended 2022 with $166.5 million in cash and investments, maintaining no debt. Notably, the Board approved the delisting from NYSE, with shares now trading on OTCQX. GAMI continues its commitment to charitable contributions, totaling $74 million since its IPO.

Gabelli Funds, LLC has announced that the Gabelli U.S. Treasury Money Market Fund (NASDAQ: GABXX) has surpassed $3 billion in assets under management. This milestone highlights the Fund's position as a low-cost money market option that offers tax-advantaged returns to its shareholders. The Fund, which exclusively invests in U.S. Treasury securities, maintains total expenses capped at 0.08%, providing a competitive after-tax yield due to its exemption from state and local taxes. Investors should be aware that while the Fund aims to preserve principal at $1.00 per share, there are risks of loss, and it is not insured by any government agency.

Gabelli Funds (OTCQX: GAMI) announced the launch of its fifth ETF, the Gabelli Commercial Aerospace & Defense ETF (GCAD), which started trading on January 4, 2023. Lieutenant Colonel G. Anthony Bancroft, a portfolio manager at Gabelli Funds, rang the NYSE closing bell to commemorate the launch. The ETF will initially offer a ‘loyalty’ program, waiving fees on the first $25 million of assets. As of September 30, 2022, GAMCO managed $27.6 billion in assets. However, potential investors should be aware of additional risks due to the ETF's unique structure, which limits transparency.

The Gabelli U.S. Money Market Fund focuses on maximizing current income while ensuring liquidity and principal safety. The Fund exclusively invests in U.S. Treasury securities such as bills and notes, which are exempt from state and local income taxes, although federal taxes apply. Importantly, the Fund does not invest in repurchase agreements, distinguishing it from other money market funds. Investments in the Fund are not insured by the Federal Deposit Insurance Corporation, and while it aims to maintain a $1.00 share value, there is a risk of loss. Investors are advised to review the Fund's prospectus for detailed information.

GAMCO Investors expects calendar 2022 diluted earnings between $2.37 and $2.47 per share, down from $2.73 for 2021. The company will commence 2023 as a deregistered entity trading under the symbol GAMI on the OTCQX platform. Further details on financial results are anticipated in early February.

Known for its research-driven value investing, GAMCO operates through subsidiaries like GABXX and Gabelli Funds. The firm provides diverse investment solutions across equity, fixed income, and alternative strategies.

Gabelli Funds (OTCQX: GAMI) announced the launch of its fifth ETF, trading under the symbol GCAD, starting January 4, 2023. This ETF will focus on the aerospace and defense sectors, leveraging Gabelli's research expertise. Portfolio manager Tony Bancroft, a former USMC fighter pilot, leads the Fund. Notably, the first $25 million in assets will incur no fees. GCAD aims for a high total return with an income emphasis, investing at least 80% in U.S. exchange-listed securities. Investors are cautioned about potential risks due to the ETF's unique structure and limited disclosure.