Gamco Invs Inc Stock Price, News & Analysis

GAMCO Investors (GAMI) reported strong Q4 2024 results with earnings of $0.70 per share, up from $0.66 in Q4 2023. Full-year 2024 earnings reached $2.65 per share compared to $2.38 in 2023. The company achieved a Q4 operating margin of 32.3% and 31.0% for the full year.

Assets Under Management (AUM) stood at $31.7 billion at quarter-end, with the company maintaining a strong financial position of $182.8 million in cash, cash equivalents, seed capital, and investments with no debt. Revenue increased to $59.2 million in Q4 2024 from $57.3 million in Q4 2023.

Notable shareholder returns include a 100% increase in regular quarterly dividend and the repurchase of 1.3 million shares (3% of outstanding shares) during Q4. The board also increased the buyback authorization to 1.5 million shares.

Gabelli Funds announces its 35th annual Pump, Valve & Water Systems Symposium, scheduled for February 27, 2025, at the Harvard Club in New York City. The event will explore critical industry themes including infrastructure spending, resource security, conservation, and M&A activities.

The symposium features presentations from major industry players including Graco Inc., Watts Water Technologies, Enerpac Tool Group, ITT Inc., and several other prominent companies. The format includes company presentations, fireside chats, panel discussions, and one-on-one meetings with management teams.

Starting at 8:20 AM and running through 3:45 PM, the event provides investors with direct access to senior executives and opportunities to gain insights into industry trends and investment prospects. Some participants, marked with asterisks, will attend virtually. The symposium emphasizes the sector's vital role in infrastructure development, resource management, and environmental sustainability.

GAMCO Asset Management, which owns approximately 4.39% of Matthews International (MATW) through its affiliates, has announced its position regarding the upcoming 2025 Annual Meeting of Shareholders. While acknowledging Barington Companies Equity Partners' intention to nominate three candidates for election, GAMCO's Proxy Voting Committee has expressed support for Matthews' proposed slate of nominees, believing they are better positioned to unlock shareholder value.

The committee will continue monitoring the board's actions and may submit a corporate governance shareholder proposal if improvements are not implemented by the 2026 Annual Meeting. GAMCO manages assets through private advisory accounts, mutual funds, and closed-end funds, utilizing its Private Market Value with a Catalyst™ investment style.

Gabelli Funds announces its 35th annual Pump, Valve & Water Systems Symposium scheduled for February 27, 2025, at the Harvard Club in New York City. The event will focus on critical industry themes including infrastructure spending, resource security, conservation, and M&A activities.

The symposium features presentations from major industry players including Graco Inc., Watts Water Technologies, Enerpac Tool Group, ITT Inc., and several other leading companies. The full-day program includes company presentations, fireside chats, panel discussions, and one-on-one meetings with management teams.

Starting at 8:20 AM, the event will host senior executives from 15 different companies, with some participating virtually. The symposium provides investors with valuable insights into industry trends and investment opportunities within the pump, valve, and water systems sector, highlighting its importance in infrastructure development, resource management, and environmental sustainability.

Gabelli Funds announced that Senior Vice President David Schachter will visit the United Kingdom to meet with selected investment trusts. As Vice President of The GAMCO Natural Resources, Gold & Income Trust (GNT), Schachter brings over 40 years of experience in closed-end fund investments.

The company manages thirteen closed-end funds trading on NYSE with total assets of $7.3 billion as of December 31, 2024. These funds include various focuses such as equity, convertible securities, multimedia, utilities, dividends, healthcare, and natural resources.

The announcement emphasizes the historical importance of closed-end funds in building American infrastructure and expresses concern about current threats from hedge activists seeking short-term value extraction. Schachter will visit the Gabelli office and the Association of Investment Companies (AIC) during his UK trip.

GAMCO Investors Senior Vice President David Schachter, recently titled 'Discount Doctor' by The GAMCO Natural Resources, Gold & Income Trust (GNT), will visit the United Kingdom to support the British investment trust industry. With over 40 years of experience in retail, long-term, closed-end fund investments, Schachter aims to address concerns about hedge fund activism threatening closed-end funds.

Schachter emphasizes the historical significance of British Investment Trusts in funding American railroads during the 1800s and warns against short-term activist strategies that could harm long-term investors. Gabelli Funds, currently manages thirteen closed-end funds trading on NYSE with total assets of $7.3 billion as of December 31, 2024.

GAMCO Investors (GAMI) reported assets under management (AUM) of $31.7 billion as of December 31, 2024, compared to $31.1 billion at the end of 2023. The company noted that 2023 AUM included $620 million of SICAV AUM that was reclassified as assets under administration in January 2024.

GAMI expects to report fourth quarter 2024 diluted earnings between $0.65 and $0.71 per share, compared to $0.66 per share in Q4 2023. For the full year 2024, diluted earnings are projected to be between $2.59 and $2.65 per share, up from $2.38 per share in 2023.

The company operates through two main subsidiaries: Gabelli Funds, , which manages 24 open-end funds, 14 closed-end funds, 5 actively managed ETFs, and a SICAV, and GAMCO Asset Management Inc., which handles approximately 1,400 institutional and private wealth separate accounts.

Gabelli Funds has released an educational video in The Closed-End Corner series focusing on Return of Capital (ROC) in relation to The GAMCO Natural Resources, Gold & Income Trust (NYSE: GNT). The video explains how ROC, often viewed negatively, can actually be beneficial for investors.

Senior Vice President David Schachter discusses how previous tax-loss carryforwards can enhance GNT's distribution through tax-free return of capital. The fund currently distributes $0.04 per month, and notably, 88% of GNT's 2023 distribution was tax-free for taxable accounts.

The Gabelli Dividend & Income Trust (NYSE: GDV) has announced a significant 27% increase in its annual distribution from $1.32 to $1.68 per share. The monthly distribution rate will increase to $0.14 from $0.11 per share. This decision by the Board of Trustees comes following the Fund's performance and its $1.4 billion in portfolio unrealized gains.

The enhanced monthly distributions will begin in the first quarter of 2025, with payments scheduled for January 24, February 21, and March 24, 2025. The Fund notes that its distribution policy may be modified by the Board of Trustees, and the distribution rate should not be considered as the dividend yield or total return on investment.