NYSE:GAB

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Executive Summary

The Gabelli Equity Trust Inc. is a closed ended equity mutual fund launched by GAMCO Investors, Inc. More Details

Rewards


Snowflake Analysis


Similar Companies

Share Price & News

How has Gabelli Equity Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GAB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: GAB's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

3.0%

GAB

1.5%

US Capital Markets

-0.4%

US Market


1 Year Return

17.5%

GAB

45.4%

US Capital Markets

36.2%

US Market

Return vs Industry: GAB underperformed the US Capital Markets industry which returned 45.5% over the past year.

Return vs Market: GAB underperformed the US Market which returned 36.3% over the past year.


Shareholder returns

GABIndustryMarket
7 Day3.0%1.5%-0.4%
30 Day6.7%3.3%-2.3%
90 Day4.0%14.5%5.0%
1 Year30.9%17.5%49.0%45.4%39.1%36.2%
3 Year43.3%5.4%35.9%25.9%48.4%39.0%
5 Year115.4%27.1%145.9%115.5%116.6%92.4%

Long-Term Price Volatility Vs. Market

How volatile is Gabelli Equity Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Gabelli Equity Trust undervalued compared to its fair value and its price relative to the market?

16.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GAB ($6.84) is trading below our estimate of fair value ($8.15)

Significantly Below Fair Value: GAB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: GAB is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.

PE vs Market: GAB is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GAB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GAB is good value based on its PB Ratio (1.5x) compared to the US Capital Markets industry average (19x).

Future Growth

How is Gabelli Equity Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.5%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Gabelli Equity Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Gabelli Equity Trust performed over the past 5 years?

8.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GAB is currently unprofitable.

Growing Profit Margin: GAB is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GAB is unprofitable, but has reduced losses over the past 5 years at a rate of 8.8% per year.

Accelerating Growth: Unable to compare GAB's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GAB is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (10.4%).


Return on Equity

High ROE: GAB has a negative Return on Equity (-9.67%), as it is currently unprofitable.

Financial Health

How is Gabelli Equity Trust's financial position?


Financial Position Analysis

Short Term Liabilities: GAB's short term assets ($6.6M) exceed its short term liabilities ($3.3M).

Long Term Liabilities: GAB has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GAB is debt free.

Reducing Debt: GAB had no debt 5 years ago.

Debt Coverage: GAB has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GAB has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Dividend

What is Gabelli Equity Trust current dividend yield, its reliability and sustainability?

8.77%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: GAB's dividend (8.77%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: GAB's dividend (8.77%) is in the top 25% of dividend payers in the US market (3.64%)


Stability and Growth of Payments

Stable Dividend: GAB's dividend payments have been volatile in the past 10 years.

Growing Dividend: GAB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: GAB is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?

9.9yrs

Average management tenure


CEO

Bruce Alpert (68 yo)

no data

Tenure

Mr. Bruce N. Alpert, CPA, has been a Executive Vice President at GAMCO Investors, Inc. He served as a Senior Vice President of GAMCO Investors Inc. since May 2008. Mr. Alpert is President at The Gabelli Di...


Leadership Team

NamePositionTenureCompensationOwnership
Carter Austin
Senior Vice President21.17yrsUS$60.00kno data
Molly Marion
Vice President12.17yrsUS$80.00kno data
Mario Gabelli
Portfolio Managerno datano data0.59%
$ 10.2m
Bruce Alpert
Principal Executive Officerno datano data0.00075%
$ 13.0k
Agnes Mullady
President & Chief Operating Officer of the Open-End Fund Division & Vice President15.17yrsno datano data
James McKee
General Counselno datano datano data
Douglas Jamieson
President of GAMCO and Chief Operating Officer of GAMCOno datano datano data
Kevin Dreyer
Portfolio Managerno datano datano data
Christopher Marangi
Portfolio Manager7.67yrsno datano data
Robert Leininger
Portfolio Manager5.75yrsno datano data
Daniel Miller
Portfolio Manager5.75yrsno datano data
Jennie Tsai
Portfolio Managerno datano datano data

9.9yrs

Average Tenure

61yo

Average Age

Experienced Management: GAB's management team is seasoned and experienced (9.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Salvatore Zizza
Independent Director35.17yrsUS$26.00k0.0051%
$ 88.4k
William Heitmann
Independent Director8.58yrsUS$23.00k0.024%
$ 415.2k
James Conn
Lead Independent Directorno dataUS$25.00k0.00039%
$ 6.8k
Frank Fahrenkopf
Independent Director22.83yrsUS$23.00kno data
Anthony Pustorino
Independent Director35.17yrsUS$29.50kno data
Arthur Ferrara
Independent Director19.58yrsUS$24.00kno data
Anthony Colavita
Independent Director21.33yrsUS$28.00kno data

22.1yrs

Average Tenure

82yo

Average Age

Experienced Board: GAB's board of directors are seasoned and experienced ( 22.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

The Gabelli Equity Trust Inc.'s company bio, employee growth, exchange listings and data sources


Key Information


Location

  • The Gabelli Equity Trust Inc.
  • One Corporate Center
  • Rye
  • New York
  • 10580-1422
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GABNYSE (New York Stock Exchange)YesCommon SharesUSUSDAug 1986
1KYBST (Boerse-Stuttgart)YesCommon SharesDEEURAug 1986
GAB.PRFCNYSE (New York Stock Exchange)PFD SER F 6.2%USUSDNov 2006
GAB.PRHNYSE (New York Stock Exchange)PFD SER H 5.00%USUSDSep 2012
GAB.PRJNYSE (New York Stock Exchange)PFD CUM SER JUSUSDMar 2016
GAB.PRKNYSE (New York Stock Exchange)5% CUM PFD SR KUSUSDDec 2019

Biography

The Gabelli Equity Trust Inc. is a closed ended equity mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/06 23:16
End of Day Share Price2021/03/05 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.