FMP
The Gabelli Equity Trust Inc.
GAB
NYSE
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 fund seeks to invest in stocks of companies operating across diversified sectors. It invests in preferred stock, convertible or exchangeable securities, and warrants and rights. The fund primarily invests in value stocks of companies across market capitalizations. It employs fundamental analysis with a bottom-up stock picking approach to create its portfolio. The fund seeks to benchmarks the performance of its portfolio against the S&P 500 Index, Dow Jones Industrial Average, and Nasdaq Composite Index. The Gabelli Equity Trust Inc. was formed on August 21, 1986 and is domiciled in the United States.
5.59 USD
0.02 (0.358%)
Historical Prices
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About
ceo
Mr. Carter W. Austin
sector
Financial Services
industry
Asset Management
exchange
NYSE
Description
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 fund seeks to invest in stocks of companies operating across diversified sectors. It invests in preferred stock, convertible or exchangeable securities, and warrants and rights. The fund primarily invests in value stocks of companies across market capitalizations. It employs fundamental analysis with a bottom-up stock picking approach to create its portfolio. The fund seeks to benchmarks the performance of its portfolio against the S&P 500 Index, Dow Jones Industrial Average, and Nasdaq Co...
CIK
0000794685
ISIN
US3623971013
CUSIP
362397101
Address
One Corporate Center
Phone
914-921-5000
Country
US
Employee
N/A
IPO Date
Aug 14, 1986
Financial Statement
Earnings
GAB Financial Summary
CIK
0000794685
Exchange
NYSE
Industry
Asset Management
Sector
Financial Services
CUSIP
362397101
ISIN
US3623971013
Country
US
Price
5.59
Beta
0.87
Volume Avg.
613.27k
Market Cap
1.72B
Shares
-
52-Week
4.5-5.85
DCF
1.68
ROE
-
ROA
-
Operating Margin
-
Debt/Equity
-
P/E
8.47
P/B
-
Website
https://www.gabelli.com/Template/fundinfo.cfm?tid=...
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Financial Information
Financial Summary Real-Time Price
Financial Statements
Financial Quarter Statements
Ratios Analysis
Dupont Analysis
Free Cashflow
Operating Data
Balance Sheet Data
Financial Modelling
Discounted Cashflow Model
Discounted Cashflow Model Levered
Free Cashflow Build-Up
Terminal Value
Intrinsic Value
Weighted Average Cost of Capital
Market Information
Stock Value
Latest GAB News
Seeking Alpha
Jul 22, 2024
GAB: Moving This Equity CEF To Hold After The Run-Up (Rating...
Gabelli Equity Trust was undervalued ten months ago and has outperformed since. Current market conditions with stretched valuations make it a hold rather than a buy. GAB has shifted towards mid-cap stocks with a lower P/E ratio compared to the S&P 500. While the fund has benefited from recent rallies in the financial sector, this is seen as a temporary trend. The fund's value tilt is also a positive.
Forbes
Jul 2, 2024
This Huge 11% Dividend Is Perfect For This ‘Naysayer's Marke...
There are three very clear signs the stock-market bull will keep stampeding. Let's dive into them, then talk about two discounted funds set to ride those gains (and pay us rich dividends up to 11.4% in the process).
Seeking Alpha
Apr 27, 2024
GAB: Managed Minimum 10% Distribution Rate Out Of Equities
GAB is currently trading at a slight discount, making it a more attractive candidate than our previous update. More patient investors could still yet be likely to look for a deeper discount on this fund to make it a more enticing prospect. GAB has a minimum 10% managed distribution policy, which is the main draw for income investors.
Seeking Alpha
Nov 1, 2023
GAB: Multi-Year Lows In The Premium For This Equity CEF
Gabelli Equity Trust is an equity closed-end fund focused on long-term capital growth with income as a secondary objective. The fund seeks undervalued companies with above-average growth potential. GAB has historically closely tracked the returns of the S&P 500, with an impressive track record. The fund is currently trading at a low premium to its net asset value after breaching its usual range in 2022.
Seeking Alpha
Aug 1, 2023
GAB And USA: The Results After Making A Swap
The swap between Gabelli Equity and Liberty All-Star Equity funds has proven successful for investors, with USA significantly outperforming on a total return basis. Both funds are now trading at similar valuations, with the performance difference likely to come from the underlying portfolio rather than convergence in valuations. Despite the success of the swap, neither fund is considered a strong buy candidate at this time due to both still trading above their longer-term historical discount lev...
Seeking Alpha
Jul 8, 2023
The Month In Closed-End Funds: June 2023
In June, 92% of all closed-end funds (CEFs) posted net asset value (NAV)-based returns in the black, with average returns of 3.57% for equity CEFs and 1.63% for fixed income CEFs. The Natural Resources CEFs classification topped the equity leaderboard with a 6.29% return, while High Yield CEFs led the domestic taxable fixed income leaderboard with a 2.63% return. The median discount of all CEFs narrowed to 10.79% in June, with equity.
Seeking Alpha
Apr 24, 2023
GAB: A Solid CEF That Beat The Market Last Year, But An Expe...
GAB: A Solid CEF That Beat The Market Last Year, But An Expensive One.
Seeking Alpha
Mar 21, 2023
Weekly Closed-End Fund Roundup: March 12, 2023
Three out of 22 CEF sectors positive on price and 5 out of 22 sectors positive on NAV last week. Delaware/Abrdn mergers are closed.
