Teton Advisors, Inc. is a holding company that, through its subsidiaries, provides investment advisory services to open-ended funds and separate client accounts. The Company generally manage assets on a fully discretionary basis and invest primarily in United States securities. The Company conducts its investment advisory business principally through two subsidiaries, Keeley-Teton Advisors, LLC (Keeley-Teton) and Teton Advisors, LLC (Teton LLC). It specializes in small, mid and micro-cap, active value investing, its offerings include managed accounts, private wealth accounts, and eight mutual funds under the TETON Westwood, and KEELEY brands. The Company operates in one business segment, being the investment advisory and asset management business. It is specialist in smaller company investing, serving a diverse client base of institutional, high net worth and mutual fund investors under brands including Teton Westwood, Gabelli and Keeley.