gamco investors inc-a (GBL:New York)
gamco investors inc-a (GBL) Key Developments
GAMCO Investors, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenue of $86,181,000 compared to $81,749,000 a year ago. Operating income before management fee was $34,707,000 compared to $31,196,000 a year ago. Income before management fee and income taxes was $39,855,000 compared to $41,906,000 a year ago. Income before income taxes was $35,875,000 compared to $37,722,000 a year ago. Net income was $22,680,000 compared to $23,966,000 a year ago. Net income attributable to company was $22,545,000 or $0.88 basic and diluted per share compared to $23,836,000 or $0.90 basic and diluted per share a year ago. Operating income was $30,727,000 compared to $27,012,000 a year ago. Net cash outflows were $13 million. The 2013 quarter was favorably impacted by the absence of stock-based compensation, which totaled $0.9 million in the 2012 quarter, as all restricted stock awards were accelerated in the fourth quarter of 2012.
GAMCO Investors, Inc. announced that its Board of Directors approved a quarterly dividend of $0.05 per share to all of its Class A and Class B shareholders, payable on June 25, 2013 to its Class A and Class B shareholders of record on June 11, 2013.
GAMCO Investors, Inc., Annual General Meeting, May 07, 2013., at 08:30 US Eastern Standard Time. Location: Indian Harbor Yacht Club. Agenda: To elect seven directors to the board of directors; to ratify the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the year ending December 31, 2013; to vote, on an advisory basis, on whether the company’s board of directors should consider the conversion and reclassification of shares of Class B Common Stock into Class A Common Stock at a ratio in the range between 1.15 to 1.25 shares of Class A Common Stock for each share of Class B Common Stock; and to vote on any other business that properly comes before the meeting.
GAMCO Investors, Inc. Presents at Merrill Lynch & Co., Inc.'s 2013 Smid Cap Conference, May-08-2013 01:10 PM. Venue: The Four Seasons Hotel, 200 Boylston Street, Boston, MA 02116, United States. Speakers: Howard Frank Ward, Director of Growth Products and Member of Gabelli Global Growth Funds Portfolio Management Team, Kieran Caterina, Co-Chief Accounting Officer, Vice President and Finance Director.
GAMCO Investors, Inc. announced that its Board of Directors approved a quarterly dividend of $0.05 per share to all of its Class A and Class B shareholders, payable on March 26, 2013 to its Class A and Class B shareholders of record on March 12, 2013.
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| Valuation | GBL | Industry Range |
| Price/Earnings | 17.0x |
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| Price/Sales | 3.6x |
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| Price/Book | 3.1x |
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| Price/Cash Flow | 16.7x |
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| TEV/Sales | 1.5x |
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