Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Gamco's Profits Plunge as Flows Boom Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, February 8, 2012

Gamco's Profits Plunge as Flows Boom

News summary by MFWire's editors

The Gabelli [profile] mutual funds boomed last year, even as their parent suffered. Yesterday Rye, New York-based Gamco Investors revealed in its fourth quarter earnings report that its open-end equity mutual fund assets under management climbed 9.1 percent year-over year to $12.3 billion on December 31, 2011, thanks to a 20 percent inflow boom to $1.3 billion for the year.

The open-end Gabelli funds brought in $119.6 million in revenue last year, an increase of 23.9 percent.

Overall, Gamco's net income fell 10.1 year-over-year to $0.89 per share in Q4 2011. According to Seth Jayson of the Motley Fool, that still put Gamco almost six percent of analysts' estimate of $0.84 per share. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use