Associated Cap Group Inc Stock Price, News & Analysis

Associated Capital Group (AC) reported its Q1 2025 financial results with AUM of $1.27 billion, up from $1.25 billion in Q4 2024. The company's Merger Arbitrage strategy delivered 3.8% gross returns (2.8% net) in Q1. Key financial metrics include:

- Total revenues: $2.1 million (down from $3.0 million in Q1 2024)
- Net income: $7.7 million ($0.36 per share)
- Book value: $42.51 per share (up from $42.14 in Q4 2024)

The company announced a leadership change with Patrick Huvane appointed as Interim CEO following Doug Jamieson's retirement. AC declared a semi-annual dividend of $0.10 per share and repurchased 39,018 Class A shares for $1.4 million at an average price of $36.32 per share during Q1 2025.

Associated Capital Group (NYSE:AC) has released preliminary estimates for its Q1 2025 book value, projecting a range of $42.42 to $42.62 per share. This represents an increase from the December 31, 2024 book value of $42.14 per share. The company plans to provide more detailed financial results in May.

Associated Capital Group (AC) reported its Q4 and full-year 2024 financial results. Year-end Assets Under Management (AUM) were $1.25 billion, down from $1.59 billion in 2023, with net outflows of $363 million. The company's book value per share was $42.14 at year-end 2024, reflecting $2.20 per share in dividends paid.

Full-year 2024 revenues increased to $13.2 million from $12.7 million in 2023. Net income rose to $44.3 million ($2.08 per share) compared to $37.5 million ($1.72 per share) in 2023. The company's merger arbitrage strategy generated gross returns of 5.83% (3.82% net of fees) for 2024.

AC returned $58.6 million to shareholders through dividends and share repurchases in 2024, including the repurchase of 353,116 Class A shares for $11.8 million at an average price of $33.53 per share. The company also sold 1.15 million shares of GAMCO for proceeds of $30.4 million.

Associated Capital Group (NYSE: AC) has released preliminary estimates for its fourth quarter 2024 book value, projecting a range of $42.04 to $42.24 per share. These figures account for the $2 per share special dividend distributed on November 4, 2024, to both Class A and Class B shareholders of record as of October 21, 2024. The estimated range shows a slight increase from the $42.02 per share book value reported at September 30, 2024. The company plans to provide more detailed financial results in February.

Associated Capital Group (AC) reported Q3 2024 financial results with Assets Under Management (AUM) of $1.34 billion as of September 30, 2024, down from $1.59 billion in Q3 2023. The company posted total revenues of $2.4 million and net income of $23.2 million ($1.09 per share). Book value per share reached $42.02.

The company's merger arbitrage strategy generated gross returns of 4.88% in Q3. AC declared a special dividend of $2.00 per share and a semi-annual dividend of $0.10 per share. During Q3, the company repurchased 107,218 Class A shares for $3.4 million at an average price of $31.80 per share.

Associated Capital Group (NYSE:AC) has announced a preliminary range for its third quarter book value of $41.85 to $42.05 per share. This estimate excludes the $2 per share special dividend declared in September 2024, payable on November 4, 2024, to Class A and Class B shareholders of record on October 21, 2024. The current range compares to book values of:

• $42.87 at June 30, 2024
• $42.11 per share at December 31, 2023
• $41.43 per share at September 30, 2023

AC plans to release more detailed financial results in November.

Associated Capital Group (NYSE:AC) has announced a special cash dividend of $2.00 per share. The dividend will be payable on November 4, 2024, to Class A and Class B shareholders of record as of the close of business on October 21, 2024. Based on the current 21.2 million shares outstanding, the total payout is estimated to be approximately $42.4 million.

Since its inception as a public company in 2015, including this special dividend, AC has returned about $81.1 million to shareholders through dividends. This announcement demonstrates the company's commitment to providing value to its shareholders.

Associated Capital Group (NYSE: AC) has announced the registration date for its 2024 Shareholder Designated Charitable Contribution (SDCC). Key points:

• Registration date: October 18, 2024
• SDCC amount: $0.20 per share
• Eligible shareholders: Registered Class A and Class B shareholders
• Total estimated contribution: $4.3 million
• Deadline for charity designation: December 6, 2024

Shareholders can designate 501(c)(3) charitable organizations to receive the contribution. Since becoming a public company, AC shareholders have donated approximately $42 million to over 190 charities.

Associated Capital Group (AC) reported its Q2 2024 financial results. Key highlights include:

- Assets Under Management (AUM) decreased to $1.36 billion from $1.55 billion in Q2 2023

- Book value per share increased to $42.87 from $41.41 year-over-year

- Total revenues rose to $2.6 million from $2.4 million in Q2 2023

- Net income decreased to $2.985 million ($0.14 per diluted share) from $3.371 million ($0.15 per diluted share) in Q2 2023

The company returned $4.4 million to shareholders through dividends and share repurchases in Q2. The Board approved a $0.20 per share Shareholder Designated Charitable Contribution (SDCC).