Marc Gabelli, a prominent figure in the financial world, has established himself as a successful investor, business executive, and insider trader. As of 2024, his net worth and insider trading activities are topics of keen interest to investors, financial analysts, and industry observers. This article provides a comprehensive analysis of Marc Gabelli’s net worth in 2024, his insider trading history, investment strategies, and the influence he wields in the corporate world.
Marc Gabelli Net Worth
2024 Net Worth Estimate
As of 2024, Marc Gabelli’s estimated net worth stands at $12.4 million. This figure represents his accumulated wealth through a combination of salary, investments, and insider trading activities. Gabelli’s net worth has seen significant fluctuations over the years, influenced by market trends, investment decisions, and the performance of the companies he is associated with.
Year-Over-Year Comparison
Marc Gabelli’s net worth has experienced changes due to various factors:
- 2023: $11.8 million
- 2022: $10.5 million
- 2021: $9.7 million
The steady increase in his net worth can be attributed to successful investments and strategic insider trading activities. Gabelli’s ability to capitalize on market opportunities has played a significant role in this upward trend.
Key Factors Influencing His 2024 Net Worth
Several factors have contributed to Marc Gabelli’s net worth in 2024:
Investment Portfolio
His diversified investment portfolio, including stakes in various industries, has been a major contributor.
Insider Trading
Strategic buying and selling of company shares where he holds insider positions have resulted in significant financial gains.
Company Performance
The success of companies like LGL Group Inc., GAMCO Investors Inc., and Associated Capital Group Inc., where Gabelli holds key positions, has positively impacted his net worth.
Insider Trading Summary of Marc Gabelli
Transaction History Overview
Marc Gabelli’s insider trading activities are well-documented, reflecting his deep involvement in the companies where he holds significant ownership stakes. His insider trades have often provided valuable insights into the future performance of these companies.
Notable Insider Trades
LGL Group Inc.
Gabelli’s purchase of 50,000 shares in 2023 at a price of $6.00 per share was followed by a price increase to $6.42 in 2024, yielding a substantial return.
GAMCO Investors Inc.
A sale of 10,000 shares in late 2023 at $18.50 per share was timed just before a market downturn, demonstrating his ability to predict market movements.
Marc Gabelli Insider Ownership Reports
Ownership Summary
Marc Gabelli holds significant ownership stakes in several companies, including:
- LGL Group Inc.: 15% ownership
- Associated Capital Group Inc.: 12% ownership
- GAMCO Investors Inc.: 10% ownership
These stakes not only reflect his confidence in these companies but also give him substantial influence over their strategic decisions.
Detailed Insider Holdings
Gabelli’s insider holdings are diversified across various sectors:
- Technology: Investments in LGL Systems Acquisition Corp.
- Finance: Major stakes in GAMCO Investors Inc. and Associated Capital Group Inc.
- Consumer Goods: Ownership in PMV Consumer Acquisition Corp.
His diversified portfolio reduces risk and ensures stable returns.
Marc Gabelli’s Investment Portfolio
Latest Holdings Summary
Gabelli’s investment portfolio is carefully curated, with a focus on long-term growth and value investing. His latest holdings include:
- LGL Group Inc.: A leader in electronic components, contributing to 25% of his portfolio.
- Associated Capital Group Inc.: Focused on alternative investment management, making up 20% of his holdings.
- GAMCO Investors Inc.: A diversified financial services company, comprising 15% of his portfolio.
Sector and Industry Weightings
| Sector | Weighting (%) |
|---|---|
| Technology | 30 |
| Financial Services | 35 |
| Consumer Goods | 20 |
| Healthcare | 10 |
| Energy | 5 |
Gabelli’s portfolio is heavily weighted towards financial services and technology, reflecting his belief in the long-term growth potential of these sectors.
Marc Gabelli’s Trading Performance
Performance Metrics
Gabelli’s trading performance is marked by a consistent ability to outperform market averages. His investment strategies focus on identifying undervalued assets and capitalizing on market inefficiencies.
Average Return on Investments
Gabelli has maintained an average return on investments of 21.75% over the past five years. This impressive return is a testament to his deep understanding of market dynamics and his ability to make informed investment decisions.
Outperforming Transactions
100% of Marc Gabelli’s trades have outperformed the market in 2024, demonstrating his exceptional trading acumen. Key outperforming transactions include:
- Purchase of LGL Group Inc. shares at $6.00 – yielding a return of 7% within a year.
- Sale of GAMCO Investors Inc. shares before a market dip – avoiding a potential 5% loss.
Marc Gabelli’s Corporate Ownership Network
Network Overview
Gabelli’s corporate ownership network spans multiple industries, providing him with significant influence across various sectors. His network includes:
- LGL Group Inc.
- Associated Capital Group Inc.
- GAMCO Investors Inc.
- LICT Corp.
- IronNet Inc.
- PMV Consumer Acquisition Corp.
- M-Tron Industries Inc.
Relationships and Influence
Gabelli’s relationships within his ownership network allow him to leverage strategic partnerships and influence key business decisions. His ability to navigate these complex networks has been a crucial factor in his financial success.
Gabelli’s Owned Companies and Insider Trading Details
Company Profiles
LGL Group Inc.
- Overview: LGL Group Inc. is a leading provider of electronic components and communication equipment.
- Key Executives: Gabelli plays a significant role in shaping the company’s strategy, working alongside other key executives to drive growth.
- Insider Trades Summary: Gabelli’s consistent buying of LGL shares reflects his confidence in the company’s future prospects.
LGL Systems Acquisition Corp.
- Overview: A special purpose acquisition company (SPAC) focused on merging with companies in the technology and defense sectors.
- Key Executives: Gabelli’s involvement in executive decisions has been instrumental in identifying potential merger targets.
- Insider Trades Summary: His strategic buying of shares has positioned him to benefit from future mergers.
Associated Capital Group Inc.
- Overview: A financial services company specializing in alternative investment management.
- Key Executives: Gabelli’s leadership has been critical in steering the company’s growth in the competitive financial industry.
- Insider Trades Summary: His insider trading activities reflect a deep understanding of the company’s valuation and growth potential.
GAMCO Investors Inc.
- Overview: A diversified financial services firm with a focus on asset management and advisory services.
- Key Executives: Gabelli’s role as a key executive has influenced the company’s strategic direction, particularly in investment decisions.
- Insider Trades Summary: His trades have been well-timed, capitalizing on market movements to maximize returns.
LICT Corp.
- Overview: A telecommunications company providing services across various regions in the United States.
- Key Executives: Gabelli’s strategic involvement has helped the company navigate industry challenges.
- Insider Trades Summary: Gabelli’s trading activities have been aligned with the company’s long-term growth strategy.
IronNet Inc.
- Overview: A cybersecurity firm focused on providing advanced threat detection solutions.
- Key Executives: Gabelli’s influence in the company’s executive team has been pivotal in shaping its growth trajectory.
- Insider Trades Summary: His insider trades reflect confidence in the company’s innovative solutions and market potential.
PMV Consumer Acquisition Corp.
- Overview: A SPAC focused on acquiring companies in the consumer goods sector.
- Key Executives: Gabelli’s strategic insights have guided the company’s acquisition strategy.
- Insider Trades Summary: His trades have been strategically timed to maximize potential gains from future acquisitions.
M-Tron Industries Inc.:
- Overview: A manufacturer of electronic components and devices for various industries.
- Key Executives: Gabelli’s leadership has played a key role in the company’s expansion efforts.
- Insider Trades Summary: His consistent buying of shares reflects a long-term commitment to the company’s growth.
Marc Gabelli’s Mailing Address and Contact Information
Marc Gabelli’s public mailing address for professional correspondence is associated with his primary business entities. For privacy reasons, detailed contact information is typically limited to professional associates and authorized inquiries.
Discussions and Analyses on Marc Gabelli
Latest Discussions
Marc Gabelli’s financial activities are frequently discussed in financial forums and industry publications. These discussions often revolve around his investment strategies, insider trading activities, and the performance of the companies he is associated with.
Top Insiders and Officers
Gabelli is often compared to other top insiders and officers in the industry. His trading performance and investment strategies are benchmarks for many in the financial community.
Marc Gabelli’s SEC Filings and Insider Trading Trends
Past Insider Trading Trends
Gabelli’s insider trading trends reveal a pattern of strategic buying and selling, often aligned with the company’s financial performance and market conditions. His trades are typically well-timed, allowing him to maximize returns and minimize risks.
SEC CIK and Legal Filings
Marc Gabelli’s insider trading activities are documented in SEC filings, where he is identified under his unique Central Index Key (CIK). These filings provide transparency into his trading activities and offer insights into his investment decisions.
Conclusion
Summary of Key Insights
Marc Gabelli’s net worth in 2024, his strategic insider trading activities, and his influential role in various companies underscore his prominence in the financial world. His ability to consistently outperform the market and make informed investment decisions has cemented his reputation as a savvy investor and business leader.
Investment Takeaways
For investors, Gabelli’s strategies offer valuable lessons in diversification, market timing, and the importance of a deep understanding of the companies one invests in. His success serves as a reminder that informed decision-making and strategic planning are key to long-term financial success.
Nicholas Clark is the innovative mind behind Insuranted.com, a website dedicated to providing clear, comprehensive, and reliable information on insurance. With a passion for simplifying complex topics, Nicholas aims to empower readers to make informed decisions about their insurance needs
