Epoch Holding Corp. (EPHC, Financial) filed Quarterly Report for the period ended 2010-09-30.
Epoch Holding Corp. has a market cap of $308.7 million; its shares were traded at around $13.62 with and P/S ratio of 5.8. The dividend yield of Epoch Holding Corp. stocks is 1.5%.EPHC is in the portfolios of John Keeley of Keeley Fund Management, Mario Gabelli of GAMCO Investors, Chuck Royce of Royce& Associates.
The average assets under management for the three months ended September 30, 2010 was approximately $12.2 billion compared to approximately $8.8 billion for the three months ended September 30, 2009, an increase of 38%. U.S. equity markets, as measured by the S&P 500, increased by approximately 10% over the twelve-month period. Global equity markets, as measured by the MSCI World Index, increased by approximately 7% over the same period.
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Epoch Holding Corp. has a market cap of $308.7 million; its shares were traded at around $13.62 with and P/S ratio of 5.8. The dividend yield of Epoch Holding Corp. stocks is 1.5%.EPHC is in the portfolios of John Keeley of Keeley Fund Management, Mario Gabelli of GAMCO Investors, Chuck Royce of Royce& Associates.
Highlight of Business Operations:
Our AUM increased to $12.8 billion at September 30, 2010, an increase of 13% from $11.3 billion at June 30, 2010. AUM at September 30, 2010 increased by 30% from $9.8 billion at September 30, 2009. Nearly all investment products experienced double-digit positive investment returns during the quarter and have outperformed their respective benchmarks since inception. The John Hancock Tax Advantaged Global Shareholder Yield Fund (NYSE:HTY), for which we are the subadviser, received a 5-star rating from Morningstar upon its three-year anniversary. Operating revenues increased 31%, or $3.6 million, from the same period a year ago. Operating revenues increased by approximately 6%, or $0.8 million, compared with the previous quarter. Operating income rose 63%, or $2.2 million, when compared with the same period a year ago. Operating income increased by 12%, or $0.6 million, compared with the previous quarter. Operating margin was approximately 39% for the three months ended September 30, 2010 compared to 31% for three months ended September 30, 2009. Basic and diluted earnings per share increased to $0.15 for the three months ended September 30, 2010 compared to $0.10 a year ago. Our balance sheet remains strong. Liquid assets, which consist of cash, cash equivalents, and accounts receivable, were $51.4 million, or approximately 75% of total assets. Working capital increased by $1.5 million at September 30, 2010 from June 30, 2010. The Company remains debt-free. The table below presents financial results that we consider key operating and financial indicators for the three months ended September 30, 2010 and 2009, respectively:The average assets under management for the three months ended September 30, 2010 was approximately $12.2 billion compared to approximately $8.8 billion for the three months ended September 30, 2009, an increase of 38%. U.S. equity markets, as measured by the S&P 500, increased by approximately 10% over the twelve-month period. Global equity markets, as measured by the MSCI World Index, increased by approximately 7% over the same period.
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