gamco investors inc-a (GBL) Key Developments
GAMCO Investors, Inc. and DIAM Asset Management Launch Japan-Based Open-End Fund
Feb 27 14
GAMCO Investors, Inc. announced that it has partnered with DIAM Asset Management to launch a Japanese open-ended fund (investment trust), 'The Beikoku Wariyasukabu Fund,' an All Cap Value fund nicknamed 'The Value Hunter.' The fund will open on March 19, 2014. The application was filed with The Kanto Finance Bureau on February 14, 2014 and will be distributed by Resona Bank Ltd., Saitama Resona Bank Ltd., and Kinki Osaka Bank Ltd. The fund will be managed by Kevin V. Dreyer, Christopher J. Marangi, Jeffrey J. Jonas CFA, and Mario J. Gabelli CFA. GAMCO's 30+ analysts will support the Portfolio Managers' efforts by identifying companies using GAMCO's unique Private Market Value with a Catalyst(TM) approach. This is a proven, consistent, and repeatable process based on the value investing principles articulated by Benjamin Graham and David Dodd in 1934.
GAMCO Investors, Inc. Presents at Bank of America Merrill Lynch Smid Cap Conference, Mar-18-2014 03:05 PM
Feb 22 14
GAMCO Investors, Inc. Presents at Bank of America Merrill Lynch Smid Cap Conference, Mar-18-2014 03:05 PM. Venue: The Ritz-Carlton, Boston Common, 10 Avery Street, Boston, Massachusetts, United States. Speakers: Howard Frank Ward, Director of Growth Products and Member of Gabelli Global Growth Funds Portfolio Management Team.
GAMCO Board Approves Quarterly Dividend Payable on March 25, 2014
Feb 4 14
GAMCO Investors, Inc. announced that its board of directors approved a quarterly dividend of $0.06 per share to all of its Class A and Class B shareholders, payable on March 25, 2014 to its Class A and Class B shareholders of record on March 11, 2014.
GAMCO Investors, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013
Feb 4 14
GAMCO Investors, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. The company reported its 2013 fourth quarter results including revenues of $122.7 million, net income attributable of $33.3 million and earnings per diluted share of $1.29. On a comparable basis, revenues were $99.3 million, net income was $17.6 million, and earnings per diluted share were $0.67 in the fourth quarter of 2012. Income before income taxes was $53.3 million against $28.5 million of prior year period. Operating income was $47.2 million in the fourth quarter of 2013 versus $24.7 million in the prior year period, an increase of $22.5 million. Operating income before management fee was $51.5 million against $27.9 million of prior year period.
For the full year 2013 revenues increased 15.5% to $397.6 million versus $344.3 million, net income surged to $116.9 million or $4.54 per diluted share, an increase of 54.7% from earnings of $75.5 million or $2.86 for the full year 2012. Income before income taxes was $183.6 million against $117.3 million of prior year period. Operating income before management fee was $161.2 million against $124.1 million of prior year period.
GAMCO Investors, Inc. Appoints Kevin Handwerker as Executive Vice President, General Counsel and Secretary
Nov 18 13
GAMCO Investors, Inc. announced that Kevin Handwerker has joined the firm as Executive Vice President, General Counsel and Secretary. Kevin joins GAMCO from Neuberger Berman LLC where he served as Managing Director and General Counsel for twelve years. Previously, Kevin held senior positions in National Financial Partners Corp. and J.P. Morgan Investment Management Inc.