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Gabelli Equity Trust

BST:1KY
Snowflake Description

Flawless balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1KY
BST
$7B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

The Gabelli Equity Trust Inc. is a closed ended equity mutual fund launched by GAMCO Investors, Inc. The last earnings update was 25 days ago. More info.


Add to Portfolio Compare Print
  • Gabelli Equity Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Gabelli Equity Trust has significant price volatility in the past 3 months.
1KY Share Price and Events
7 Day Returns
29.1%
BST:1KY
12.4%
DE Capital Markets
7.3%
DE Market
1 Year Returns
-29.5%
BST:1KY
-8.8%
DE Capital Markets
-17.7%
DE Market
1KY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gabelli Equity Trust (1KY) 29.1% -21.7% -28.6% -29.5% - -
DE Capital Markets 12.4% -22.2% -16.8% -8.8% -29.1% -56.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • 1KY underperformed the Capital Markets industry which returned -8.8% over the past year.
  • 1KY underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
1KY
Industry
5yr Volatility vs Market

1KY Value

 Is Gabelli Equity Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Gabelli Equity Trust. This is due to cash flow or dividend data being unavailable. The share price is €3.82.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Gabelli Equity Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gabelli Equity Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:1KY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.23
NYSE:GAB.PRJ Share Price ** NYSE (2020-03-30) in USD $24.88
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 21.49x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Gabelli Equity Trust.

BST:1KY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:GAB.PRJ Share Price ÷ EPS (both in USD)

= 24.88 ÷ 1.23

20.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gabelli Equity Trust is good value based on earnings compared to the DE Capital Markets industry average.
  • Gabelli Equity Trust is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Gabelli Equity Trust's expected growth come at a high price?
Raw Data
BST:1KY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.63x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Gabelli Equity Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gabelli Equity Trust's assets?
Raw Data
BST:1KY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $5.88
NYSE:GAB.PRJ Share Price * NYSE (2020-03-30) in USD $24.88
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
BST:1KY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:GAB.PRJ Share Price ÷ Book Value per Share (both in USD)

= 24.88 ÷ 5.88

4.23x

* Primary Listing of Gabelli Equity Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gabelli Equity Trust is overvalued based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Gabelli Equity Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Gabelli Equity Trust has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

1KY Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
40.9%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gabelli Equity Trust expected to grow at an attractive rate?
  • Unable to compare Gabelli Equity Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Gabelli Equity Trust's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Gabelli Equity Trust's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BST:1KY Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 40.9%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:1KY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:1KY Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 35 316
2019-09-30 36 194
2019-06-30 37 73
2019-03-31 37 -37
2018-12-31 37 -148
2018-09-30 34 19
2018-06-30 30 185
2018-03-31 29 245
2017-12-31 28 305
2017-09-30 30 264
2017-06-30 31 223
2017-03-31 32 194

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Gabelli Equity Trust is high growth as no earnings estimate data is available.
  • Unable to determine if Gabelli Equity Trust is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:1KY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Gabelli Equity Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:1KY Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.23
2019-09-30 0.76
2019-06-30 0.28
2019-03-31 -0.15
2018-12-31 -0.58
2018-09-30 0.07
2018-06-30 0.73
2018-03-31 0.97
2017-12-31 1.21
2017-09-30 1.05
2017-06-30 1.01
2017-03-31 0.88

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Gabelli Equity Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Gabelli Equity Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Gabelli Equity Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

1KY Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Gabelli Equity Trust's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Gabelli Equity Trust has delivered over 20% year on year earnings growth in the past 5 years.
  • Gabelli Equity Trust has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Gabelli Equity Trust has become profitable in the last year making it difficult to compare the DE Capital Markets industry average.
Earnings and Revenue History
Gabelli Equity Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Gabelli Equity Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:1KY Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 34.68 316.13 19.68
2019-09-30 35.62 194.39 19.56
2019-06-30 36.56 72.65 19.44
2019-03-31 36.93 -37.50 19.84
2018-12-31 37.30 -147.64 20.23
2018-09-30 33.88 18.63 20.28
2018-06-30 30.46 184.91 20.34
2018-03-31 29.48 244.93 20.00
2017-12-31 28.50 304.96 19.67
2017-09-30 29.66 263.92 19.22
2017-06-30 30.82 222.87 18.76
2017-03-31 32.19 194.07 18.45
2016-12-31 33.56 165.27 18.13
2016-09-30 33.10 64.39 17.50
2016-06-30 32.64 -36.48 16.86
2016-03-31 31.59 -66.75 17.26
2015-12-31 30.54 -97.02 17.67
2015-09-30 30.22 -38.04 18.34
2015-06-30 29.90 20.95 19.01
2015-03-31 29.80 45.33 18.68
2014-12-31 29.69 69.72 18.34
2014-09-30 29.30 190.38 18.15
2014-06-30 28.90 311.04 17.95
2014-03-31 28.23 368.52 17.57
2013-12-31 27.55 426.00 17.19
2013-09-30 28.60 361.19 16.63
2013-06-30 29.65 296.38 16.07

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Gabelli Equity Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Gabelli Equity Trust used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Gabelli Equity Trust's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Gabelli Equity Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Gabelli Equity Trust has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

1KY Health

 How is Gabelli Equity Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Gabelli Equity Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gabelli Equity Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gabelli Equity Trust's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Gabelli Equity Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Gabelli Equity Trust has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Gabelli Equity Trust Company Filings, last reported 3 months ago.

BST:1KY Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,966.44 0.00 0.00
2019-09-30 1,966.44 0.00 0.00
2019-06-30 1,920.15 0.00 0.07
2019-03-31 1,920.15 0.00 0.07
2018-12-31 1,743.82 0.00 0.00
2018-09-30 1,743.82 0.00 0.00
2018-06-30 1,996.30 0.00 0.00
2018-03-31 1,996.30 0.00 0.00
2017-12-31 2,045.49 0.00 0.33
2017-09-30 2,045.49 0.00 0.33
2017-06-30 1,772.41 0.00 0.04
2017-03-31 1,772.41 0.00 0.04
2016-12-31 1,693.69 0.00 0.07
2016-09-30 1,693.69 0.00 0.07
2016-06-30 1,677.99 0.00 0.11
2016-03-31 1,677.99 0.00 0.11
2015-12-31 1,582.82 0.00
2015-09-30 1,582.82 0.00
2015-06-30 1,777.71 0.00 0.00
2015-03-31 1,777.71 0.00 0.00
2014-12-31 1,820.36 0.00
2014-09-30 1,820.36 0.00
2014-06-30 1,736.36 0.00
2014-03-31 1,736.36 0.00
2013-12-31 1,712.66 0.00 0.00
2013-09-30 1,712.66 0.00 0.00
2013-06-30 1,527.85 0.00 0.03
  • Gabelli Equity Trust has no debt.
  • Gabelli Equity Trust currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Gabelli Equity Trust has no debt, it does not need to be covered by operating cash flow.
  • Gabelli Equity Trust has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Gabelli Equity Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Gabelli Equity Trust has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

1KY Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.41%
Current annual income from Gabelli Equity Trust dividends.
If you bought €2,000 of Gabelli Equity Trust shares you are expected to receive €48 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Gabelli Equity Trust's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Gabelli Equity Trust's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:1KY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:1KY Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-11-15 0.600 2.313
2019-02-22 0.640 2.453
2018-11-16 0.640 2.551
2017-11-17 0.640 2.536
2017-08-25 0.600 2.341
2017-03-09 0.600 2.362

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Gabelli Equity Trust has been paying a dividend for less than 10 years.
  • Gabelli Equity Trust has only been paying a dividend for 3 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Gabelli Equity Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Gabelli Equity Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Gabelli Equity Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gabelli Equity Trust has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

1KY Management

 What is the CEO of Gabelli Equity Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bruce Alpert
AGE 67
CEO Bio

Mr. Bruce N. Alpert, CPA, has been a Senior Vice President of GAMCO Investors Inc. since May 2008. Mr. Alpert is President at The Gabelli Dividend & Income Trust. Mr. Alpert served as Vice President and Chief Operating Officer of Gabelli Funds, LLC or its predecessor from 1988 to 1999, and became Executive Vice President and Chief Operating Officer of Gabelli Funds, LLC in 1999. Since 1989, Mr. Alpert has been a Vice President of G.research, LLC, a subsidiary of Associated Capital Group, Inc. Mr. Alpert is an officer of certain of the Gabelli/GAMCO Funds. Mr. Alpert also served as a director of Teton Advisors, Inc. from 1998 through May 2012, and was its President from 1998 through 2008 and Chairman from 2008 through 2010. He served as Chief Compliance Officer of the Gabelli/GAMCO Funds and Gabelli Funds, LLC from 2012 through 2014. From 1986 until June 1988, he worked at the InterCapital Division of Dean Witter as Vice President and Treasurer of the mutual funds sponsored by Dean Witter. From 1983 through 1986, he worked at Smith Barney Harris Upham & Co. (“Smith Barney”) as Vice President in the Financial Services Division and as Vice President and Treasurer of the mutual funds sponsored by Smith Barney. Prior to Smith Barney, Mr. Alpert was an Audit Manager and Specialist at Price Waterhouse in the Investment Company Industry Services Group, where he was employed from 1975 through 1983. Mr. Alpert is a Certified Public Accountant.

CEO Compensation
  • Insufficient data for Bruce to compare compensation growth.
  • Insufficient data for Bruce to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Gabelli Equity Trust management team in years:

8.9
Average Tenure
57.5
Average Age
  • The average tenure for the Gabelli Equity Trust management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Carter Austin

TITLE
Senior Vice President
COMPENSATION
$60K
AGE
53
TENURE
20.2 yrs

Molly Marion

TITLE
Vice President
COMPENSATION
$80K
AGE
65
TENURE
11.2 yrs

Mario Gabelli

TITLE
Portfolio Manager
AGE
76

Bruce Alpert

TITLE
Principal Executive Officer
AGE
67

Agnes Mullady

TITLE
President & Chief Operating Officer of the Open-End Fund Division & Vice President
AGE
60
TENURE
14.2 yrs

James McKee

TITLE
General Counsel
AGE
55

Kevin Dreyer

TITLE
Portfolio Manager

Chris Marangi

TITLE
Portfolio Manager
AGE
45
TENURE
6.7 yrs

Bob Leininger

TITLE
Portfolio Manager
TENURE
4.7 yrs

Dan Miller

TITLE
Portfolio Manager
AGE
38
TENURE
4.7 yrs
Board of Directors Tenure

Average tenure and age of the Gabelli Equity Trust board of directors in years:

21
Average Tenure
81
Average Age
  • The average tenure for the Gabelli Equity Trust board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Anthony Colavita

TITLE
Independent Director
COMPENSATION
$28K
AGE
84
TENURE
20.3 yrs

James Conn

TITLE
Lead Independent Director
COMPENSATION
$25K
AGE
81

Salvatore Zizza

TITLE
Independent Director
COMPENSATION
$26K
AGE
74
TENURE
34.2 yrs

Anthony Pustorino

TITLE
Independent Director
COMPENSATION
$30K
AGE
93
TENURE
34.2 yrs

Arthur Ferrara

TITLE
Independent Director
COMPENSATION
$24K
AGE
88
TENURE
18.6 yrs

Frank Fahrenkopf

TITLE
Independent Director
COMPENSATION
$23K
AGE
80
TENURE
21.8 yrs

William Heitmann

TITLE
Independent Director
COMPENSATION
$23K
AGE
70
TENURE
7.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
29. Aug 19 Sell James Conn Individual 27. Aug 19 27. Aug 19 -53,679 €5.39 €-289,237
27. Aug 19 Sell James Conn Individual 23. Aug 19 26. Aug 19 -29,001 €5.41 €-155,987
X
Management checks
We assess Gabelli Equity Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Gabelli Equity Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

1KY News

Simply Wall St News

1KY Company Info

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 Composite Index. The Gabelli Equity Trust Inc. was formed on August 21, 1986 and is domiciled in the United States.

Details
Name: The Gabelli Equity Trust Inc.
1KY
Exchange: BST
Founded: 1986
$6,173,343,389
273,750,801
Website: http://www.gabelli.com/Template/fundinfo.cfm?tid=MWY5ZDg=&bid=YjUxNQ==&mid=MjJmMTI=&num=NmVjMTI=&kid=Mzc2MDA=&pid=obj&rid=111-=edoc_dnuf
Address: The Gabelli Equity Trust Inc.
One Corporate Center,
Rye,
New York, 10580-1422,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE GAB.PRJ PFD CUM SER J New York Stock Exchange US USD 30. Mar 2016
NYSE GAB Common Shares New York Stock Exchange US USD 14. Aug 1986
NYSE GAB PRFCL PFD SER F 6.2% New York Stock Exchange US USD 09. Nov 2006
NYSE GAB.PRH PFD SER H 5.00% New York Stock Exchange US USD 26. Sep 2012
OTCPK GAB.PRK 5% PFD SER K Pink Sheets LLC US USD 11. Dec 2019
BST 1KY Common Shares Boerse-Stuttgart DE EUR 14. Aug 1986
Number of employees
Current staff
Staff numbers
0
Gabelli Equity Trust employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 00:38
End of day share price update: 2020/03/30 00:00
Last earnings filing: 2020/03/06
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.