Welcome to our dedicated page for Alpha G Investment Management news (Ticker: TETAA), a resource for investors and traders seeking the latest updates and insights on Alpha G Investment Management stock.
Alpha G Investment Management, Inc. (OTCQX: TETAA), formerly Teton Advisors, Inc., generates news and disclosures that reflect its role as an active asset manager and holding company for registered investment advisor subsidiaries. Company announcements have covered financial results, corporate reorganization, capital markets activity and strategic initiatives in asset management.
News items include quarterly and full-year financial results, where the company reports revenues, net income, cash earnings and assets under management from its investment advisory operations. These releases provide insight into trends in advisory fee revenue from mutual funds and separate accounts, as well as information on cash, investments and stockholders’ equity.
The company’s news flow has also addressed corporate developments such as its reincorporation from Delaware to Wyoming and its name change to Alpha G Investment Management, Inc., while noting that its common stock continues to trade on OTCQX under the symbol TETAA. Other announcements have described the sale of the investment management account assets of Keeley-Teton Advisors, LLC to GAMCO Investors, Inc., and characterized that transaction as the outcome of a strategic alternatives process.
Investors following TETAA news can also find updates on capital actions, including a rights offering to existing shareholders, a share repurchase plan approved by the board, and information about the convertibility of Class B shares into Class A shares. In addition, the company has issued releases about its participation in investor conferences and webinars, where management presents financial performance, strategic direction and initiatives such as the "Teton One Earth" ESG framework.
This news page allows readers to review these types of announcements in one place, from earnings updates and assets under management reports to corporate transactions and product or policy initiatives. For those tracking Alpha G Investment Management, Inc., the news feed offers a way to monitor how the company describes its evolving asset management platform, its focus on smaller company investing and value methodologies, and its corporate structure decisions over time.
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Teton Advisors, Inc. (OTCQX: TETAA) reported its Q4 and full-year 2022 financial results, revealing a 16% decline in annual revenue to
Teton Advisors, Inc. (OTCQX: TETAA) reported its preliminary third quarter 2022 results, noting revenues of $3.3 million, down from $3.5 million in Q2 2022 and $4.2 million in Q3 2021. Net income was $0.3 million to $0.4 million, showing a decline from $0.5 million year-over-year. EPS ranged from $0.26 to $0.29, compared to $0.42 in Q3 2021. Total AUM dropped to $1.4 billion from $1.6 billion at the end of Q2. The company completed a rights offering, raising over $5 million, and was upgraded to OTCQX.
Teton Advisors, Inc. (OTC PINK: TETAA) has pre-announced its assets under management (AUM) for August 31, 2022, reporting a decrease to $1.6 billion from $2.0 billion at the end of 2021. Monthly revenues for August 2022 are expected to be approximately $1.1 million, down from $1.4 million in August 2021. Year-to-date revenues are around $9.5 million, compared to $11.0 million last year. Cash and marketable securities increased to $15.2 million. The rights offering is set to expire on September 21, 2022, with expected gross proceeds of $6.8 million.
Teton Advisors, Inc. (OTC PINK: TETAA) announced that its subscription rights, symbolized as 'TETAR', are now trading on OTC PINK and will be available until five business days before September 21, 2022. Shareholders of record as of June 3, 2022, receive three rights for each share owned, with nine rights needed to purchase one new share at $15.50. Expected gross proceeds are around $6.8 million, aimed for working capital and acquisitions. However, there's no assurance regarding the market sustainability for the rights.
Teton Advisors, Inc. (OTC PINK: TETAA) has amended its Subscription Rights Offering Circular, setting the record date for June 3, 2022, with the subscription period extending to September 21, 2022. Stockholders will receive three transferable subscription rights for each share owned, allowing them to purchase additional Class A common stock at $15.50 per share. The offering aims to raise approximately $6.8 million, which will be used for general corporate purposes and potential acquisitions. The rights offering may be modified or canceled before completion.
Teton Advisors, Inc. (OTC PINK: TETAA) announced its 2022 Annual Meeting of Shareholders scheduled for May 24, 2022, at 8:30 A.M. ET, offering both virtual and in-person participation options. Following the meeting, a company review will be held to discuss operational updates. Shareholders can access the event by registering online and will receive confirmation details via email. Teton focuses on smaller company investments and aims to uncover hidden value in equities, guided by founder methodologies to achieve long-term success.
Teton Advisors reported strong Q4 and full-year 2021 results, with a fully diluted GAAP EPS of $1.85, recovering from a loss of ($2.82) the previous year. Q4 revenue increased 23% quarter-over-quarter to $4.1 million, while full-year revenue rose 19% to $16.4 million. The acquisition of Gabelli Global Partners marks its foray into alternative asset management, alongside a special committee exploring M&A opportunities. The board approved a 5:1 rights offering and an increase in authorized shares from 2.58 million to 7.5 million. Cash and marketable securities reached $21.5 million by year-end.
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