Teton Advisors, Inc Reports Earnings Results for the Second Quarter Ended June 30, 2021
September 16, 2021 at 12:44 pm EDT
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Teton Advisors Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 4.274 million compared to USD 3.022 million a year ago. Net income was USD 612,607 compared to net loss of USD 50,651 a year ago. For the half year, total revenue was USD 8.148 million compared to USD 7.285 million a year ago. Net income was USD 1.266 million compared to USD 18,031 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).