Core Insights - GAMCO Investors, Inc. reported an increase in assets under management (AUM) to $33.3 billion as of June 30, 2025, up from $30.7 billion a year earlier [1] - The company anticipates second quarter 2025 diluted earnings per share to be between $0.89 and $0.94, compared to $0.61 for the same period in 2024 [1] Group 1: Financial Performance - The investment management services business of Keeley, acquired from Teton Advisors on May 1, 2025, contributed approximately $1.0 billion to AUM [2] - Gabelli plans to provide further details regarding its financial results in early August [2] Group 2: Company Overview - Established in 1977, Gabelli is a recognized provider of investment advisory services, managing 27 open-end funds, 13 closed-end funds in the U.S., and one in the U.K., along with 5 actively managed exchange-traded funds [3] - The company's revenue is primarily derived from AUM levels and associated fees from various investment products [3] Group 3: Investment Strategies - Gabelli launched its All Cap Value equity strategy in 1977 and entered the mutual fund business in 1986, now offering a diverse range of client solutions across various asset classes, regions, and investment styles [4] - The client base includes institutions, intermediaries, offshore investors, private wealth, and direct retail investors [4]

GREENWICH, Conn. and CHICAGO, May 01, 2025 (GLOBE NEWSWIRE) -- GAMCO Investors, Inc. (“Gabelli”) (OTCQX: GAMI) announced today that it has reached an agreement with Teton Advisors, Inc. (OTC Pink: TETAA) for the investment management services business of Keeley – Teton Advisors, LLC (“Keeley”). Keeley consists of four mutual funds and approximately 500 separately managed accounts (SMAs) with assets under management (“AUM”) of close to $1.0 billion. As part of the transaction, employees of Chicago-based Keel ...