GAMCO Investors company logo

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

gabelli.com

Founded Year

1976

Stage

PIPE - II | IPO

Market Cap

0.53B

Stock Price

20.22

About GAMCO Investors

GAMCO Investors is a diversified asset manager and financial services company. The company's investment services are primarily offered through its subsidiary GAMCO Asset Management, which manages separate accounts for high net worth individuals, institutions, and qualified pension plans, and through the Company's role as advisor to a family of Mutual Funds. The company's asset management businesses are supported by Gabelli & Company, an institutional broker/dealer. Gabelli & Company publishes investment research which is one of the key elements of GAMCO Investors's success. G.distributors distributes the mutual funds managed by Gabelli Funds and Teton Advisors. In addition through its subsidiary Gabelli Securities, the Company serves as general partner or investment manager in a number of limited partnerships with varying investment objectives.

GAMCO Investors Headquarter Location

401 Theodore Fremd Avenue

Rye, New York, 10580,

United States

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest GAMCO Investors News

GAMCO Investors, Inc. Reports Results for the First Quarter 2022

May 3, 2022

05/03/2022 | 04:26pm EDT Message : - First quarter net income for 2022 was $17.5 million, an increase of $1.5 million - GAAP earnings of $0.66 per share compared to $0.59 per share in 2021 and $0.41 per share for Q4 2021 - AUM of $33.4 billion at March 31, 2022 and 2021 - Ended quarter with $131.5 million of cash and investments, net of debt GAMCO Investors, Inc. (“GAMCO”) (NYSE: GBL) today reported its operating results for the quarter ended March 31, 2022. First Quarter Results March 31, $   $ Giving Back to Society – (Y)our “S” in ESG We are committed to allowing our shareholders to choose the recipients of our charitable contributions. Each shareholder has the ability to designate the recipients of charitable contributions by our company in proportion to the number of shares of GAMCO that the registered shareholder owns. Since the inception of GAMCO’s SDCC program in 2013, and counting this current amount, shareholders have designated charitable gifts of $48 million to approximately 350 charitable organizations. Since our initial public offering in February 1999, our firm’s combined charitable donations total approximately $74 million. The Board of Directors of GAMCO approved an $11.3 million SDCC for registered shareholders of record on December 21, 2021. This charitable program is just one aspect of our firm’s commitment to ESG investing at both the firm level as well as within our portfolios – where we have been managing dedicated mandates since 1987. New Climate and Environmental Initiative To demonstrate our commitment to promoting a healthier environment we have waived the fees and absorbed the costs on the initial $100 million in assets in Love Our Planet & People (“LOPP”). LOPP, the first in a series of semi-transparent exchange traded funds (“ETFs”), invests in companies promoting sustainability in areas including renewable power generation and transmission, water purification, and conservation, the reduction and elimination of long-lived wastes and transportation electrification. Across all products, our bottom-up research process seeks to identify potential environmental liabilities and, often more importantly, opportunities to solve environmental issues with new products, services, or approaches to delivering existing products and services. Within our own operations we continue to find ways to limit our firm’s environmental footprint, for example, by implementing a solar capability on the roof of our headquarters and installing car charging ports for electric vehicles on the premises to combat greenhouse gas emissions and reduce our collective dependence on fossil fuels. Results for the First Quarter Revenues - Revenues for the first quarter of 2022 were $69.6 million compared with $67.9 million in the first quarter of 2021. - Investment advisory fees were $63.8 million in the first quarter of 2022 versus $61.5 million in the year ago quarter: - Mutual Fund revenues were $43.0 million compared to $42.2 million in the first quarter of 2021. - Institutional and Private Wealth Management revenues, which are generally billed on portfolio values at the beginning of the quarter, were $18.6 million compared to $17.6 million in last year’s first quarter. - SICAV revenues were $2.2 million compared to $1.7 million in the year ago quarter. - Distribution fees from our equity mutual funds and other income were $5.8 million during the first quarter of 2022 and $6.4 million in the prior year quarter. Operating Income Operating income was $26.0 million versus $22.5 million in the first quarter of 2021. Waiver of CEO compensation bolstered operating income by $4.1 million in the first quarter of 2022. Non-Operating Income Mark-to-market investment losses were $2.6 million in the first quarter of 2022 versus gains of $0.9 million in the first quarter of 2021. Interest expense was $0.8 million in the first quarter of 2022 versus $0.7 million in the first quarter of 2021. Income Taxes GAMCO’s effective tax rate for the quarter ended March 31, 2022 was 22.6% versus 29.6% for the quarter ended March 31, 2021. Balance Sheet GAMCO ended the quarter with cash and investments of $182.4 million and $50.9 million of subordinated debt maturing on June 15, 2023. Business Highlights - On January 3, 2022, the third Gabelli actively managed semi-transparent ETF, the Gabelli Automation ETF, was launched. The ETF focuses on firms that design, develop, support, or manufacture automation equipment, related technology, software, or processes. The Fund’s adviser is absorbing expenses, including management fees, from the commencement of the Fund’s operations on the first $25 million of net assets for one year. - On February 24th, we hosted our 32nd Annual Pump, Valve & Water Systems Symposium. The meeting featured presentations by senior management of several leading industrial companies with an emphasis on industrial and municipal water use and the role of technology. - On March 10th, we hosted our 13th Annual Specialty Chemicals Symposium. The symposium featured presentations from senior management of leading specialty chemicals companies. - On March 28th, the GDL Fund (NYSE: GDL) completed the placement of $35 million of 4% Series E Cumulative Preferred Shares. - On March 28th, the Company commenced a tender offer to purchase for cash up to $10 million aggregate principal amount of its 2-Year Puttable Subordinated Notes due June 15, 2023. - On March 31st, we hosted our 8th Annual Waste & Environmental Services Symposium in person and virtually. The timely conference featured presentations by leading companies. Subsequent to the end of the 1st quarter: - On April 25th, the tender for the 2-Year Puttable Notes due June 15, 2023 expired and the Company accepted $4.0 million of tendered notes. - GAMCO hosted its 16th annual Omaha Research Trip on April 29 in conjunction with the Berkshire Hathaway Annual Meeting. This Value Investor Conference attracted a record number of participants with Gabelli portfolio managers anchoring panels with noted Berkshire experts and regional CEOs. - The fourth Gabelli actively managed semi-transparent ETF, the Gabelli Financial Services Opportunity Fund, will be launched in early May. The ETF will focus on companies in financial services. The Fund’s adviser will be absorbing expenses, including management fees, on the first $25 million of net assets for one year from the commencement of the Fund’s operations. Return to Shareholders During the quarter, GAMCO paid a dividend of $0.04 per share for a total of $1.1 million and purchased 140,895 shares for $3.1 million at an average price of $22.34 per share. From April 1, 2022 to May 3, 2022, the Company has purchased 89,332 shares at an average price of $20.74 per share. On May 3, 2022, GAMCO’s board of directors declared a regular quarterly dividend of $0.04 per share, which is payable on June 28, 2022 to class A and class B shareholders of record on June 14, 2022. About GAMCO Investors, Inc. GAMCO is known for its research-driven approach to equity investing. GAMCO conducts its investment advisory business principally through two subsidiaries: GAMCO Asset Management Inc. (approximately 1,400 institutional and private wealth separate accounts, principally in the U.S.) and Gabelli Funds, LLC (24 open-end funds, 14 closed-end funds, 3 actively managed semi-transparent ETFs, and a SICAV). GAMCO serves a broad client base including institutions, intermediaries, offshore investors, private wealth, and direct retail investors. In recent years, GAMCO has successfully integrated new teams of RIAs by providing attractive compensation arrangements and paying finder’s fees. GAMCO offers a wide range of solutions for clients across Value and Growth Equity, ESG, Convertibles, sector-focused strategies including Gold and Utilities, Merger Arbitrage, and Fixed Income. In 1977, GAMCO launched its flagship All Cap Value strategy, Gabelli Value, and in 1986 entered the mutual fund business. Table I: Assets Under Management and Fund Flows - 1st Quarter 2022 (in millions)

GAMCO Investors Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

GAMCO Investors Rank

  • When was GAMCO Investors founded?

    GAMCO Investors was founded in 1976.

  • Where is GAMCO Investors's headquarters?

    GAMCO Investors's headquarters is located at 401 Theodore Fremd Avenue, Rye.

  • What is GAMCO Investors's latest funding round?

    GAMCO Investors's latest funding round is PIPE - II.

  • Who are the investors of GAMCO Investors?

    Investors of GAMCO Investors include Shenzhen Hifuture Electric, CIRTech RN Fund, Catalyst Equity Mangement, Autodesk Forge Fund, Landa Ventures and 6 more.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.