GAMCO Investors, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 09, 2023 at 04:05 pm EDT
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GAMCO Investors, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported revenue was USD 59.91 million compared to USD 69.62 million a year ago. Net income was USD 15.9 million compared to USD 17.45 million a year ago.
Basic earnings per share from continuing operations was USD 0.62 compared to USD 0.67 a year ago. Diluted earnings per share from continuing operations was USD 0.62 compared to USD 0.66 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.
GAMCO INVESTORS, INC. 
