Gabelli Global Small & Mid Cap Value Trust (GGZ)
Established by GAMCO Investors, Inc., The Gabelli Global Small and Mid Cap Value Trust functions as a closed-end equity investment vehicle managed by Gabelli Funds, LLC. This trust deploys capital across public equity markets worldwide, aiming to acquire shares in companies operating within diverse sectors. Its core investment approach concentrates on undervalued small and medium-sized enterprises, specifically those with a market capitalization of $12 billion or less. Portfolio performance is measured against the MSCI World SMID Cap Index. The fund was inaugurated on August 19, 2013, and is legally based in the United States.
Industry: Asset Management - Global
The Gabelli Global Small and Mid Cap Value Trust
NYSE:GGZFinancial Services · Asset Management - Global
-0.33%$14.88
AH Close$14.88+0.00%vs close
AH Close$14.88+0.00%vs close
Mkt Cap$113.69M
Float4.97M
O/S7.64M
Inst Own30.3%
SI0.1%
Div Yield5.65%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$7.62M
Net Income$23.34M
Total Assets$169.29M
Free Cash Flow-$293K
Debt & Equity
Equity 81%
Preferred 19%
Total Debt$0
Total Equity$167.55M
Preferred Stock$40M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in GGZ's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$169.29M
Liabilities$1.74M
Accounts Receivable$648K
Accounts Payable$972K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Revenue | $7.62M | $6.79M | $6.52M | $8.27M | $13.88M | $4.2M | $21M | -$21.13M | $26.58M | $1.75M | $2.25M | $240K |
| YoY Growth | 12.2% | 4.1% | -21.1% | -40.4% | 230.7% | -80.0% | -199.4% | -179.5% | 1416.0% | -22.1% | 837.4% | - |
| Cost of Revenue | $1.72M | $810K | $1.76M | $2.07M | $2.26M | $1.77M | $2.06M | $2.08M | $1.51M | $1.26M | $1.09M | $630K |
| Gross Profit | $5.9M | $8.32M | $4.76M | $6.2M | $11.63M | $2.43M | $18.93M | -$23.21M | $25.07M | $491K | $1.16M | -$390K |
| Gross Margin | 77.4% | 122.4% | 73.0% | 74.9% | 83.8% | 57.9% | 90.2% | 109.9% | 94.3% | 28.0% | 51.7% | -162.5% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $433K | $468K | $717K | $561K | $598K | $619K | $634K | $522K | $80K | $110K | $40K |
| Other | -$18.03M | $215K | $200K | $84K | $27K | $18M | $23K | $44K | $24K | $240K | $1.41M | $140K |
| Total Operating Expenses | -$18.03M | $648K | $668K | $801K | $587K | $18.59M | $642K | $678K | $545K | $320K | -$1.41M | $180K |
| Operating Income (EBIT) | $23.93M | $8.5M | $11.27M | -$32.76M | $33.99M | $17.97M | $20.36M | -$21.81M | $26.03M | $5.47M | $2.57M | -$580K |
| Operating Margin | 313.9% | 125.0% | 172.8% | -396.1% | 244.8% | 428.1% | 96.9% | 103.2% | 98.0% | 312.2% | 114.4% | -241.7% |
| Interest Expense | $613K | $810K | $1.3M | $1.52M | $268K | $883 | $542 | $1K | $3K | $4.59M | $2.72M | -$610K |
| Interest Income | $3.3M | $85K | $560K | $212K | $10K | $80K | $399K | $505K | $150K | $0 | $0 | $0 |
| Other Income (Expense) | -$588K | -$824K | -$1.29M | -$1.52M | -$297K | $61K | $0 | -$1K | -$3K | -$48K | $8K | -$610K |
| Income Before Tax (EBT) | $23.34M | $7.67M | $9.98M | -$34.27M | $33.69M | $17.97M | $20.36M | -$21.81M | $26.03M | $5.42M | $2.58M | -$1.19M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | -$53K | $43K | $0 | $0 |
| Net Income | $23.34M | $7.67M | $9.98M | -$34.27M | $33.69M | $17.97M | $20.36M | -$21.81M | $26.03M | $5.38M | $2.58M | -$1.19M |
| Net Income Margin | 306.2% | 112.9% | 153.0% | -414.4% | 242.7% | 428.1% | 96.9% | 103.2% | 97.9% | 307.0% | 114.7% | -495.8% |
| Supplementary Data | ||||||||||||
| EPS | 2.90 | 0.93 | 1.18 | -3.94 | 3.75 | 2.07 | 2.31 | -2.03 | 3.33 | 0.67 | 0.31 | -0.14 |
| Diluted EPS | 2.90 | 0.93 | 1.18 | -3.83 | 3.75 | 2.07 | 2.31 | -2.03 | 3.33 | 0.67 | 0.31 | -0.14 |
| Weighted Average OS | 7.86M | 8.25M | 8.46M | 8.76M | 8.55M | 7.89M | 8.83M | 10.75M | 7.33M | 8.07M | 8.41M | 8.54M |
| EBITDA | $23.96M | $8.5M | $11.28M | -$32.76M | $33.99M | $17.97M | $20.36M | -$21.81M | $26.03M | $5.47M | $2.57M | -$1.8M |
| EBITDA Margin | 314.2% | 125.0% | 172.9% | -396.1% | 244.8% | 428.1% | 96.9% | 103.2% | 98.0% | 312.1% | 114.4% | -750.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $71K | $12K | $13K | $13K | $49K | $0 | $5K | $35K | $684 | $147K | $180K | $600K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $71K | $12K | $13K | $13K | $49K | $0 | $5K | $35K | $684 | $147K | $180K | $600K |
| Accounts Receivable | $648K | $304K | $334K | $743K | $439K | $2.81M | $4.11M | $1.48M | $205K | $160K | $450K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $4.43M | $1.57M | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | -$309K | $0 | -$15K | -$50K | -$2.81M | -$4.43M | -$1.57M | -$206K | -$307K | -$631K | $0 |
| Total Current Assets | $719K | $12K | $347K | $743K | $439K | $0 | $4.12M | $1.51M | $205K | $0 | $400K | $600K |
| Long-Term Assets | ||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $168.43M | $131.82M | $132.33M | $148.25M | $231.89M | $167.82M | $160.8M | $155.66M | $181.38M | $129.7M | $99.15M | $98.5M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $143K | $132.29M | $125K | $149.14M | $232.46M | $0 | $0 | -$155.66M | -$181.38M | -$129.7M | $45K | -$98.5M |
| Total Long-Term Assets | $168.57M | $131.82M | $132.45M | $148.25M | $231.89M | $167.82M | $160.8M | $155.66M | $181.38M | $0 | $99.2M | $98.5M |
| Other Assets | $0 | $469K | $0 | $155K | $181K | $170.64M | $6K | $96K | $132K | $130.11M | $188K | $1.1M |
| Total Assets | $169.29M | $132.31M | $132.8M | $149.15M | $232.51M | $170.64M | $164.93M | $157.27M | $181.72M | $130.11M | $99.79M | $100.2M |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $972K | $51K | $12K | $653K | $3.7M | $1.25M | $3.54M | $6.37M | $424K | $0 | $0 | $2.2M |
| Short-Term Debt | $0 | $17K | $20K | $53K | $10K | $0 | $0 | $0 | $0 | $16K | $11K | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $600K | $3.69M | $0 | $0 | $0 | $0 | $1.98M | $589K | $0 |
| Other Current Liabilities | $0 | -$245K | -$171K | -$855K | -$3.94M | -$848K | -$275K | -$6.72M | -$715K | -$1.4M | -$600K | -$2.2M |
| Total Current Liabilities | $1.61M | $51K | $31K | $653K | $3.7M | $1.25M | $3.54M | $6.37M | $424K | $2M | $600K | $2.2M |
| Long-Term Liabilities | ||||||||||||
| Long-Term Debt | $0 | $17K | $20K | $53K | $10K | $691K | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.74M | $16.35M | $16.27M | $32.33M | $0 | $0 | $0 | $0 | $0 | $2.13M | $639K | $0 |
| Total Long-Term Liabilities | $1.74M | $16.36M | $16.29M | $32.39M | $10K | $691K | $3.94M | $6.92M | $783K | $2.13M | $639K | $0 |
| Other Liabilities | $0 | $0 | -$12K | $31.73M | $40.39M | $2.95M | -$3.94M | -$6.37M | -$424K | -$1.98M | -$589K | $2.3M |
| Total Liabilities | $1.74M | $16.41M | $16.3M | $33.04M | $44.1M | $2.95M | $3.54M | $6.92M | $783K | $2.14M | $651K | $2.3M |
| Stockholders' Equity | ||||||||||||
| Preferred Stock | $40M | $0 | $0 | $0 | $30M | $30M | $30M | $30M | $30M | $30M | $0 | $0 |
| Common Stock | $80.76M | $86.89M | $89.95M | $95.91M | $98.08M | $100.11M | $109.24M | $113.76M | $120.92M | $92.68M | $97.29M | $0 |
| Retained Earnings | $46.79M | $29M | $26.54M | $20.2M | $60.33M | $37.57M | $21.75M | $6.59M | -$143K | $6.7M | $1.14M | $0 |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | -$98.08M | -$100.11M | -$109.24M | -$113.76M | -$120.92M | -$1.42M | $711K | $0 |
| Other Stockholders' Equity | $40M | $0 | $0 | $0 | $30M | $30M | $30M | $30M | $60.15M | $28.58M | $711K | $97.9M |
| Total Equity | $167.55M | $115.89M | $116.5M | $116.11M | $188.41M | $167.68M | $160.99M | $150.35M | $180.93M | $127.96M | $99.14M | $97.9M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $169.29M | $132.31M | $132.8M | $149.15M | $232.51M | $170.64M | $164.53M | $157.27M | $181.72M | $130.11M | $99.79M | $100.2M |
| Supplementary Data | ||||||||||||
| Total Debt | $0 | $16.02M | $16.02M | $53K | $10K | $691K | $0 | $0 | $0 | $16K | $11K | $0 |
| Net Debt | -$71K | $16.01M | $16.01M | $40K | -$39K | $691K | -$5K | -$35K | -$684 | -$132K | -$169K | -$600K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | $23.34M | $7.67M | $9.98M | -$34.55M | $32.06M | $17.97M | $20.36M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$344K | $30K | $408K | -$303K | $2.37M | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $412K | $45K | -$659K | $484K | $2.51M | $0 | $0 |
| Other Working Capital | $57K | -$27K | -$8K | $79K | -$811K | $0 | $0 |
| Total Working Capital Change | $124K | $48K | -$258K | $260K | $4.07M | $0 | $0 |
| Other Non-Cash Items | -$23.76M | $503K | -$10.99M | $83.6M | -$64.02M | -$17.97M | -$20.36M |
| Net Cash from Operating | -$293K | $8.22M | -$1.27M | $49.32M | -$27.9M | $0 | $0 |
| Investing Activities | |||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$12.46M | -$14.54M | -$9.18M | -$13.95M | -$37.7M | $0 | $0 |
| Sales of Investments | $24.31M | $23.95M | $22.64M | $27.97M | $45.85M | $0 | $0 |
| Other Investing Activities | $0 | -$9.41M | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $11.85M | $9.41M | $13.45M | $14.03M | $8.15M | $0 | $0 |
| Financing Activities | |||||||
| Debt Repaid | $17K | $2K | $33K | $38M | -$40M | - | - |
| Common Stock Issuance | $40M | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$21.33M | -$2.94M | -$4.08M | -$2.09M | -$2.02M | $0 | $0 |
| Dividends Paid | -$4.91M | -$5.28M | -$5.52M | -$9.27M | -$9.31M | $0 | $0 |
| Other Financing Activities | -$17K | $0 | $16M | $1.1M | -$1.91M | $0 | $0 |
| Net Cash from Financing | $13.74M | -$8.22M | -$25.64M | -$49.35M | $28.64M | $0 | $0 |
| Forex Effect | -$25.25M | $0 | $13.45M | -$14.03M | -$8.15M | $0 | $0 |
| Net Change in Cash | $59K | -$755 | -$153 | -$36K | $740K | $0 | $224K |
| Supplementary Data | |||||||
| Operating Cash Flow | -$293K | $8.22M | -$1.27M | $49.32M | -$27.9M | $0 | $0 |
| Capital Expenditure | $4 | -$4 | $0 | $0 | -$5 | $0 | $0 |
| Free Cash Flow | -$293K | $8.22M | -$1.27M | $49.32M | -$27.9M | $0 | $0 |
| Cash at Beginning | $12K | $13K | $13K | $49K | -$691K | $315K | $90K |
| Cash at End | $71K | $12K | $13K | $13K | $49K | $315K | $315K |