GREENWICH, Conn., July 02, 2024 — GAMCO Investors, Inc. announced today that assets under management were $30.7 billion at June 30, 2024 as compared to an adjusted $30.1 billion at June 30, 2023. AUM would have been $31.2 billion at June 30, 2024 on the same basis as the reported $30.7 billion at June 30, 2023.
GAMI expects to report second quarter 2024 diluted earnings in the range of $0.59 to $0.65 per share versus $0.58 per share for the second quarter of 2023.About GAMCO Investors, Inc. GAMI is known for its research-driven value approach to equity investing . GAMI conducts its investment advisory business principally through two subsidiaries: Gabelli Funds, LLC and GAMCO Asset Management Inc. . GAMI serves a broad client base including institutions, intermediaries, offshore investors, private wealth, and direct retail investors.
Gabelli Funds offers a wide range of solutions for clients across Value and Growth Equity, Convertibles, actively managed semi-transparent ETFs, sector-focused strategies including Gold and Utilities, Merger Arbitrage, Fixed Income, and 100 % U.S. Treasury Money Market Funds.The financial results set forth in this press release are preliminary.
Forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors, some of which are listed below, that are difficult to predict and could cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements.