Teton Advisors, Inc Reports Earnings Results for the Full Year Ended December 31, 2019
April 06, 2020 at 11:26 am EDT
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Teton Advisors Inc. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced total revenue was USD 20.876 million compared to USD 28.253 million a year ago. Operating income was USD 5.493 million compared to USD 9.030 million a year ago. Net loss was USD 2.602 million compared to net income of USD 3.622 million a year ago. Basic loss per share was USD 2.06 compared to basic earnings per share of USD 1.81 a year ago. Diluted loss per share was USD 2.06 compared to diluted earnings per share of USD 1.76 a year ago.
Teton Advisors, Inc. is an investment management company. The Company is engaged in investing and serving a diverse client base of institutional, high net worth and mutual fund investors under brands including TETON, TETON Westwood, Gabelli and Keeley. The Company operates through its investment advisory and asset management business segment. The Company serves as an investment advisor and the investment manager for the TETON Westwood Funds (Funds), over five funds with assets under management (AUM). The Funds include TETON Westwood Mighty Mites Fund, TETON Westwood SmallCap Equity Fund, TETON Westwood Equity Fund, TETON Westwood Balanced Fund and TETON Convertible Securities Fund. The Company, through its subsidiaries, provides investment advisory services to open-end funds and separate client accounts. The Company conducts investment advisory business principally through two subsidiaries: Keeley-Teton Advisors, LLC (Keeley-Teton, LLC) and Teton Advisors, LLC (Teton, LLC).