Teton Advisors, Inc Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 24, 2021 at 09:50 am EST
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Teton Advisors, Inc reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported revenue was USD 4.21 million compared to USD 3.19 million a year ago. Net income was USD 0.525793 million compared to net loss of USD 0.076275 million a year ago. Basic earnings per share from continuing operations was USD 0.42 compared to basic loss per share from continuing operations of USD 0.06 a year ago. Diluted earnings per share from continuing operations was USD 0.41 compared to diluted loss per share from continuing operations of USD 0.06 a year ago.
For the nine months, revenue was USD 12.36 million compared to USD 10.48 million a year ago. Net income was USD 1.79 million compared to net loss of USD 0.058243 million a year ago. Basic earnings per share from continuing operations was USD 1.42 compared to basic loss per share from continuing operations of USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 1.41 compared to diluted loss per share from continuing operations of USD 0.05 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).