Gabelli Equity Trust
Market Cap
US$1.7b
Last Updated
2021/03/06 23:16 UTC
Data Sources
Company Financials
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
| GAB | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.0% | 1.5% | -0.4% |
| 30 Day | 6.7% | 3.3% | -2.3% |
| 90 Day | 4.0% | 14.5% | 5.0% |
| 1 Year | 30.9%17.5% | 49.0%45.4% | 39.1%36.2% |
| 3 Year | 43.3%5.4% | 35.9%25.9% | 48.4%39.0% |
| 5 Year | 115.4%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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Senior Vice President | 21.17yrs | US$60.00k | no data | |
| Vice President | 12.17yrs | US$80.00k | no data | |
| Portfolio Manager | no data | no data | 0.59% $ 10.2m | |
| Principal Executive Officer | no data | no data | 0.00075% $ 13.0k | |
| President & Chief Operating Officer of the Open-End Fund Division & Vice President | 15.17yrs | no data | no data | |
| General Counsel | no data | no data | no data | |
| President of GAMCO and Chief Operating Officer of GAMCO | no data | no data | no data | |
| Portfolio Manager | no data | no data | no data | |
| Portfolio Manager | 7.67yrs | no data | no data | |
| Portfolio Manager | 5.75yrs | no data | no data | |
| Portfolio Manager | 5.75yrs | no data | no data | |
| Portfolio Manager | no data | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 35.17yrs | US$26.00k | 0.0051% $ 88.4k | |
| Independent Director | 8.58yrs | US$23.00k | 0.024% $ 415.2k | |
| Lead Independent Director | no data | US$25.00k | 0.00039% $ 6.8k | |
| Independent Director | 22.83yrs | US$23.00k | no data | |
| Independent Director | 35.17yrs | US$29.50k | no data | |
| Independent Director | 19.58yrs | US$24.00k | no data | |
| Independent Director | 21.33yrs | US$28.00k | no 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
- Name: The Gabelli Equity Trust Inc.
- Ticker: GAB
- Exchange: NYSE
- Founded: 1986
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$1.733b
- Shares outstanding: 253.34m
- Website: https://www.gabelli.com/Template/fundinfo.cfm?tid=MWY5ZDg=&bid=YjUxNQ==&mid=MjJmMTI=&num=NmVjMTI=&kid=Mzc2MDA=&pid=obj&rid=111-=edoc_dnuf
Location
- The Gabelli Equity Trust Inc.
- One Corporate Center
- Rye
- New York
- 10580-1422
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GAB | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Aug 1986 |
| 1KY | BST (Boerse-Stuttgart) | Yes | Common Shares | DE | EUR | Aug 1986 |
| GAB.PRFC | NYSE (New York Stock Exchange) | PFD SER F 6.2% | US | USD | Nov 2006 | |
| GAB.PRH | NYSE (New York Stock Exchange) | PFD SER H 5.00% | US | USD | Sep 2012 | |
| GAB.PRJ | NYSE (New York Stock Exchange) | PFD CUM SER J | US | USD | Mar 2016 | |
| GAB.PRK | NYSE (New York Stock Exchange) | 5% CUM PFD SR K | US | USD | Dec 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/06 23:16 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.