Teton Advisors, LLC Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 04:13 pm EST
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Teton Advisors, LLC reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 3.3 million compared to USD 4.21 million a year ago. Net income was USD 0.296095 million compared to USD 0.525793 million a year ago. Basic earnings per share from continuing operations was USD 0.23 compared to USD 0.42 a year ago. Diluted earnings per share from continuing operations was USD 0.23 compared to USD 0.41 a year ago.
For the nine months, revenue was USD 10.59 million compared to USD 12.36 million a year ago. Net income was USD 1.18 million compared to USD 1.79 million a year ago. Basic earnings per share from continuing operations was USD 0.92 compared to USD 1.42 a year ago. Diluted earnings per share from continuing operations was USD 0.92 compared to USD 1.41 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).