Welcome to our dedicated page for Gamco Invs news (Ticker: GAMI), a resource for investors and traders seeking the latest updates and insights on Gamco Invs stock.
GAMCO Investors, Inc. (GAMI), known as Gabelli, regularly issues news and updates related to its asset management activities and investment products. As an investment advisory firm established in 1977, Gabelli communicates developments across mutual funds, closed-end funds, exchange-traded funds (ETFs), and separate accounts that it manages through its subsidiary Gabelli Funds, LLC.
News about GAMI often highlights changes and milestones in its product lineup. Recent announcements include the launch of actively managed ETFs such as the Gabelli High Income ETF (GBHI), the Keeley Dividend ETF (KDVD), and the Gabelli Opportunities in Live and Sports ETF (GOLS). These releases describe the funds’ objectives, such as seeking current income, capital appreciation, or exposure to specific themes like high yield credit, dividend-paying small- and mid-cap companies, or the global sports and live entertainment economy.
Company updates also cover broader developments in Gabelli’s ETF platform, such as the move to fully transparent actively managed ETFs, and provide details on strategies like Growth Innovators (GGRW), Global Technology Leaders (GGTL), Financial Services Opportunities (GABF), Commercial Aerospace & Defense (GCAD), High Income (GBHI), Keeley Dividend (KDVD), and Love Our Planet and People (LOPP). In addition, GAMI issues periodic earnings and operating results, including information on assets under management, revenue trends, and share repurchase or dividend decisions.
Investors following GAMI news can also see announcements from funds managed by Gabelli Funds, LLC, including distribution declarations and policy updates for The Gabelli Dividend & Income Trust, The Gabelli Healthcare & WellnessRx Trust, and The Gabelli Convertible and Income Securities Fund Inc. Monitoring this news flow helps readers understand how GAMCO Investors, Inc. is evolving its product set and communicating with shareholders across its various investment vehicles.
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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
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