Inactive Instrument

The Gabelli Equity Trust Inc. Stock Nyse

Equities

GAB.PRJ

US3623978539

Closed End Funds

Sales 2022 31.74M 43.43M Sales 2023 34.08M 46.64M Capitalization 1.48B 2.03B
Net income 2022 -199M -272M Net income 2023 231M 316M EV / Sales 2022 52.5 x
Net Debt 2022 68.54M 93.79M Net Debt 2023 80.38M 110M EV / Sales 2023 45.9 x
P/E ratio 2022
-7.54 x
P/E ratio 2023
7.3 x
Employees -
Yield 2022
10.9%
Yield 2023
11.8%
Free-Float 99.43%
More Fundamentals * Assessed data
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Managers TitleAgeSince
Chairman 81 86-05-19
President 48 16-12-31
Compliance Officer 65 13-10-31
Members of the board TitleAgeSince
Director/Board Member 86 89-05-14
Chairman 81 86-05-19
Director/Board Member 75 12-08-14
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The Gabelli Equity Trust Inc. is a diversified closed-end management investment company. The Fund's primary investment objective is to achieve long term growth of capital by investing primarily in a portfolio of equity securities consisting of common stock, preferred stock, convertible or exchangeable securities, and warrants and rights to purchase such securities. The Fund's secondary investment objective is income. Under normal market conditions, the Fund invests at least 80% of the value of its total assets in equity securities. The Fund seeks out undervalued companies with greater than average potential for growth. The Fund invests in various sectors, such as financial services, food and beverage, equipment and supplies, health care, diversified industrial, energy and utilities, business services, entertainment, machinery, consumer services, electronics, retail, environmental services, and aerospace and defense. The Fund's investment adviser is Gabelli Funds, LLC.
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