Gamco Investors, Inc. Provides Earnings Guidance for the Third Quarter Ended September 30, 2018
October 15, 2018 at 04:11 pm EDT
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GAMCO Investors, Inc. provided earnings guidance for the third quarter ended September 30, 2018. For the quarter, the company expects to report fully diluted per share earnings in the range of $1.18 to $1.22 versus $0.55 per fully diluted share a year ago.
GAMCO Investors, Inc. is a provider of investment advisory services to open and closed-end funds semi-transparent exchange-traded funds (ETFs), and institutional and private wealth management. The Company manages assets on a fully discretionary basis and invests in a variety of United States and international securities through various investment styles, including value, growth, non-market correlated, and convertible securities. The Company conducts its investment advisory business principally through two subsidiaries: Gabelli Funds, LLC (24 open-end funds, 14 closed-end funds, five actively managed semi-transparent ETFs, and a societe d'investissement a capital variable (SICAV)) and GAMCO Asset Management Inc. (approximately 1,400 institutional and private wealth separate accounts, principally in the United States). It serves various client bases, including institutions, intermediaries, offshore investors, private wealth, and direct retail investors.