GAMCO Investors Inc $ 16.68 -0.07 (-0.42%)
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GBL News and Headlines - GAMCO Investors
On Friday, the day U.S. President Trump increased tariffs on over $200 billion of Chinese goods from 10% to 25%, Berkshire Hathaway Inc. (BRK.A)(BRK.B) CEO Warren Buffett (Trades, Portfolio)’s favorite market indicator stood at 141.7%, down approximately 2.7% from its May 1 level of 144.4%.
Dow tumbles further on tariff hike
During the first hour of trading, the Dow Jones Industrial Average traded over 300 points lower than Thursday’s close of 25,828.36 on Trump’s tariff hike, sending the Dow down close to 700 points from last Friday’s close of 26,504.95.
How well does management allocate the capital available to it? That question plays an important role in determining the robustness of a moat protecting company profits.
In the book, “Why Moats Matter: The Morningstar Approach to Stock Investing,” contributor Todd Wenning noted how much more competitive the economic world had become. He wrote, “In this increasingly Darwinian corporate landscape, then, it’s absolutely critical to understand how effectively a company’s management team allocates shareholder capital toward moat-widening projects and investments while balancing returns of shareholder cash through buybacks and dividends.”
Wenning, who is in charge of Morningstar’s equity stewardship methodology, along
GAMCO Investors Inc. (GBL) Chairman and CEO Mario Gabelli (Trades, Portfolio) said in a CNBC interview on Wednesday that the global economy is expected to stay strong in 2020, countering views made by Bridgewater Associates founder Ray Dalio (Trades, Portfolio).
Gabelli, who will speak at GuruFocus' value conference in May, listed several encouraging reasons for growth in three key markets: the U.S., China and Europe.
Guru challenges view of ‘economic recession’ in 2020
While he pointed out even the International Monetary Fund is predicting “3.6% real growth with slowdown in 2020,” Gabelli underscored
NEW YORK, Nov. 23, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Artisan Partners Asset Management Inc. (:APAM), Gamco Investors, Inc. (:GBL), Eiger BioPharmaceuticals, Inc. (EIGR), Waddell & Reed Financial, Inc. (:WDR), AmpliPhi Biosciences Corporation (:APHB), and Limbach Holdings, Inc. (LMB), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.
Complimentary Access: Research Reports
Full copies of recently published reports are available
This is the last chance to purchase next year’s value conference tickets at the deep discount price of $675. The price will increase to $775 on Nov. 1.
Key speakers at the 2019 value conference include GAMCO Investors Inc. (GBL) CEO Mario Gabelli (Trades, Portfolio) and “Spain's Warren Buffett (Trades, Portfolio)” Francisco García Paramés (Trades, Portfolio). Gabelli's top three holdings are Ryman Hospitality Properties Inc. (RHP), The Madison Square Garden Co. (MSG) and
Auxier Asset Management reported 150 stocks, of which three are new: Sally Beauty Holdings Inc. (SBH), Compass Minerals International Inc. (CMP) and GAMCO Investors Inc. (GBL).
The guru eliminated his positions in agrochemical company Monsanto (MON), Andersons Inc. ( ANDE), an agricultural company, and Aon PLC (AON), a provider of insurance and reinsurance brokerage and human resources consulting.
Mario Gabelli (Trades, Portfolio), founder of GAMCO Investors Inc. (GBL), eliminated his positions in four companies during first-quarter 2017: Harman International Industries Inc. (HAR), Federal-Mogul Holdings Corp. (FDML), Media General Inc. (MEG) and Clarcor Inc. (CLC).
Harman International Industries
Gabelli sold his 851,325-share holding in Harman International at an average price of $111.09, trimming 0.60% of his portfolio. The guru gained 25% on the stock based on GuruFocus estimates.
The leader of hedge fund GAMCO Investors (GBL) asked his 13,700 followers for their suggestions as loan balances in the U.S. exceeded $1.26 trillion, more than four times the amount owed 12 years ago. According to the New York Fed, approximately 42 million people in the U.S. have student debt, and the delinquency rate on payments is 11.6%. The class of 2015 had it worst; the average student graduated with
Mario Cibelli (Trades, Portfolio) of Marathon Capital Management sold his stake in GAMCO Investors Inc. (GBL), a Rye, New York-based provider of investment advisory services where Cibelli once provided back-office support to the trading desk, in the fourth quarter.
Cibelli's fourth-quarter activity primarily consisted of additions to existing stakes, and his most significant such transaction was the 77% increase in his stake in GrubHub Inc. (GRUB), a Chicago-based online food-ordering company. Cibelli purchased 285,000 shares for an average price of $26.14 per share. The deal had a 2.89% impact on Cibelli’s portfolio.
Cibelli’s stake in GrubHub is
Gabelli made the case for investing in Madison Square Garden Co. (MSG), Griffon Corporation (GFF) and a broadcast company that could become the ESPN of Europe.
Legendary value investor and founder of GAMCO Inc. (GBL) Mario Gabelli (Trades, Portfolio) sat down with CNBC on Wednesday to discuss the global market sell-off. Gabelli discussed why downturns are good and how it can create opportunities for investors. He sees bright spots in the market and is clearly bullish. Gabelli said this is a cherry-picking market, and you will never be able to time the bottom of a market sell-off.
Interview with CNBC:
Mario Cibelli (Trades, Portfolio) of Marathon Capital Management tends to invest on a long-term basis – in stocks he believes will double in a handful of years. His third-quarter purchases may well be in his portfolio three or four years from now.
Cibelli’s most noteworthy third-quarter transaction was his reduction of his stake in Xoom Corp. (XOOM), a San Francisco-based digital money transfer or remittance provider, by more than 51%. Cibelli sold 820,000 shares for an average price of $24.85 per share. The deal had a -7% impact on his portfolio.
Over 30 years ago, legendary value investor Mario Gabelli (Trades, Portfolio) founded asset management company GAMCO Investors (GBL). The company has $49 billion in assets under management and provides various services to its clients, which includes mutual funds, close-end funds and private partnerships. GAMCO has made Gabelli and is consistently one of the highest paid executives on Wall Street. Unlike other executives on Wall Street, however, Gabelli's various funds have returned 15%-plus over the last 30 years.
The asset management business is all about managing capital given to the company for fees or a share
[url=http://www.gurufocus.com/StockBuy.php?GuruName=Mario+Gabelli]Mario Gabelli[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Mario+Gabelli]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Mario+Gabelli]Portfolio[/url]), the founder of the $49.4 billion asset management firm GAMCO Investors (GBL), has increased his stake in BioScrip Inc. (BIOS), according to GuruFocus Real Time Picks. Gabelli holds 3,636,600 shares, or 5.3% of the company, after the 40.2% position increase.
He has owned the stock since the third quarter of 2012, and has been buying more shares each of the past several quarters.
BioScrip’s share price declined 20.5% year to date, closing at $5.88 per share on Oct. 27, near a one-year low. The company is a provider of infusion
Mario Gabelli (Trades, Portfolio) is the chairman and CEO of GAMCO Investors (GBL), a firm he founded in 1977. The firm has $49.4 billion in assets under management as of June 30, with more than 30 analysts on its research team.
GAMCO originally began as an institutional research firm and has evolved into a diversified financial services company, though institutional research continues to be an important part of the firm. Its mutual funds cover a variety of philosophies and sectors, including value, growth, contrarian, socially responsive, gold equity, and money market.
Gabelli is one of the highest
[url=http://www.gurufocus.com/StockBuy.php?GuruName=Mario+Gabelli]Mario Gabelli[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Mario+Gabelli]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Mario+Gabelli]Portfolio[/url])’s GAMCO Investors Inc. (GBL) made two portfolio changes this week: increasing its position in Kaman Corp (KAMN) and decreasing its holding of Skyline Corp (SKY).
According to GuruFocus Real Time Picks, Gabelli upped his stake in Kaman Corp by 1.58%, buying 55,575 additional shares. After the transaction, he holds 3,574,036 shares in total, which represents 13.19% of the portfolio.
Gabelli has traded the stock many times in the past:
Kaman operates two business segments, aerospace parts and distribution, and has a $1.07 billion market cap. The company’s stock price increased
[url=http://www.gurufocus.com/StockBuy.php?GuruName=Mario+Gabelli]Mario Gabelli[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Mario+Gabelli]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Mario+Gabelli]Portfolio[/url]), founder of the $43 billion global financial services company GAMCO Investors (GBL), this week added to his positions in two stocks, Tredegar Corp (TG) and Medical Action Industries (MDCI). Gabelli’s team evaluates stocks based on fundamental bottoms-up research.
According to GuruFocus Real Time Picks, the larger addition was to Medical Action Industries, which Gabelli increased by 85.21% in transactions occurring from July through September at average prices around $13.75 per share, according to SEC filings. As of Sept. 2, the latest reported transaction, Gabelli’s Gabelli Funds holds 467,036 shares, or 2.83%, of the company, with
GAMCO Investors (GBL), which manages $47 billion in assets, focuses on fundamental bottom-up research, and is led by [url=http://www.gurufocus.com/StockBuy.php?GuruName=Mario+Gabelli]Mario Gabelli[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Mario+Gabelli]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Mario+Gabelli]Portfolio[/url]). The firm’s All Cap Value fund also had a stellar year, returning 36.2%, besting the S&P 500’s 32.4% return. Since inception in 1977, the fund has realized a 16.2% average annual return, also outpacing 11.7% for the S&P.
Gabelli’s firm has added to two of its positions, according to GuruFocus Real Time Picks: Pep Boys (PBY) and Bon-Ton Stores Inc. (BONT).
GAMCO owns a 9.98% stake in Pep Boys after increasing the holding by 4.26%, or 216,775 shares.
|2019-04-02 $ 20.68 (-0.91%)|
|2018-12-14 $ 18.47 (-2.33%)|
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|2017-11-24 $ 28.66 (%)|
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|2017-11-01 $ 28.8 (-0.55%)|
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|2017-10-25 $ 29.11 (-0.72%)|
Legendary investor Mario Gabelli shares his top media stock picks - www.thestreet.com
|2017-05-16 $ 29.07 (0.17%)|
Notes From Biglari Holding's Annual Meeting - seekingalpha.com
|2017-05-03 $ 28.64 (-0.83%)|
|2017-04-25 $ 29.06 (0.35%)|
Asset Managers: A Wasting Asset? - seekingalpha.com
|2016-02-29 $ 34.74 (1.08%)|
Mario Cibelli Sells Stake in GAMCO in 4th Quarter - GuruFocus.com
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|2014-10-23 $ 41.48 (2.95%)|
Mario Gabelli's Recent Portfolio Changes - GuruFocus.com
|2013-03-07 $ 29.88 (2.29%)|
Best Dividend-Paying Shares on March 8, 2013 - GuruFocus.com
|2013-03-06 $ 29.21 (0.48%)|
Mario Gabelli Buys PSSI - In Medical Takeover Trend - GuruFocus.com
|2012-06-05 $ 21.44 (-0.28%)|
|2012-03-08 $ 23.96 (1.01%)|
The Best Dividends on March 9, 2012 - GuruFocus.com
|2010-12-15 $ 26.06 (-0.72%)|
|2010-12-14 $ 26.25 (2.66%)|
|2009-11-27 $ 24.3 (-9.43%)|
|2009-11-24 $ 27.16 (-1.88%)|
|2009-06-09 $ 28.57 (%)|
Bill Gates Keeps on Selling GAMCO Investors Inc. Shares - GuruFocus.com
|2009-06-03 $ 28.54 (-0.7%)|