Teton Advisors, Inc Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 21, 2020 at 11:42 am EDT
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Teton Advisors Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 3.022 million compared to USD 5.470 million a year ago. Operating income was USD 126,055 compared to USD 1.556 million a year ago. Net loss was USD 50,651 compared to net income of USD 995,572 a year ago. Basic loss per share was USD 0.04 compared to basic earnings per share of USD 0.79 a year ago. For the half year, total revenue was USD 7.285 million compared to USD 11.003 million a year ago. Operating income was USD 993,250 compared to USD 3.028 million a year ago. Net income was USD 18,031 compared to USD 1.670 million a year ago. Basic earnings per share was USD 0.01 compared to USD 1.32 a year ago.
Teton Advisors, Inc. is an investment management company. The Company is engaged in investing and serving a diverse client base of institutional, high net worth and mutual fund investors under brands including TETON, TETON Westwood, Gabelli and Keeley. The Company operates through its investment advisory and asset management business segment. The Company serves as an investment advisor and the investment manager for the TETON Westwood Funds (Funds), over five funds with assets under management (AUM). The Funds include TETON Westwood Mighty Mites Fund, TETON Westwood SmallCap Equity Fund, TETON Westwood Equity Fund, TETON Westwood Balanced Fund and TETON Convertible Securities Fund. The Company, through its subsidiaries, provides investment advisory services to open-end funds and separate client accounts. The Company conducts investment advisory business principally through two subsidiaries: Keeley-Teton Advisors, LLC (Keeley-Teton, LLC) and Teton Advisors, LLC (Teton, LLC).
TETON ADVISORS, LLC 
