From GlobeNewswire:

GAMI announced that they had $31.1 billion in assets under management at the end of 2023, compared to $29.3 billion at the end of 2022. They expect to report fourth quarter 2023 earnings per share of $0.63 to $0.69, down from $0.83 per share in the same period of 2022. Full-year 2023 earnings are expected to be $2.35 to $2.41 per share, compared to $2.51 in 2022. The company will provide more details on its financial results in February. GAMI offers a variety of investment options and serves a broad client base, including institutions, offshore investors, private wealth, and retail investors. However, they provide the cautionary statement regarding forward-looking statements. They believe that they are basing their expectations and beliefs on reasonable assumptions, but there can be no assurance that their actual results will not differ materially from what is expected or believed. They cite risks associated with the ongoing coronavirus pandemic and a general downturn in the economy as factors that could negatively impact their operations. For further information, you can visit their website.

In summary, GAMCO Investors, Inc. reported an increase in assets under management to $31.1 billion at the end of 2023, compared to $29.3 billion in the previous year. They also expect a decline in earnings per share for both the fourth quarter of 2023 and the full year compared to 2022. The company serves a wide range of clients and provides various investment options. However, they urge caution when relying on their forward-looking statements, citing various risks such as the ongoing coronavirus pandemic and economic downturn. For further information, interested individuals can visit their website.



Read more: GAMCO Expects to Report Diluted EPS for the Fourth Quarter