AC Reports Preliminary March 31 Book Value of $42.42 to $42.62 Per Share

Rhea-AI Summary

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.

Positive

• Book value per share increased by up to $0.48 from Q4 2024

Negative

• Modest quarter-over-quarter book value growth of only 0.7-1.1%

News Market Reaction

-6.84%

1 alert

-6.84% News Effect

On the day this news was published, AC declined 6.84%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

GREENWICH, Conn., April 04, 2025 (GLOBE NEWSWIRE) -- Associated Capital Group, Inc. (“AC” or the “Company”) (NYSE:AC), announced today a preliminary range for its first quarter book value of $42.42 to $42.62 per share. This compares to $42.14 per share at December 31, 2024.

AC will be issuing further details on its financial results in May.

About Associated Capital Group, Inc.
Associated Capital Group, Inc. (NYSE: AC), based in Greenwich, Connecticut, is a diversified global financial services company that provides alternative investment management through Gabelli & Company Investment Advisers, Inc. (“GCIA”). We have also earmarked proprietary capital for our direct investment business that invests in new and existing businesses. The direct investment business is developing along several core pillars including Gabelli Private Equity Partners, LLC (“GPEP”), formed in August 2017 with $150 million of authorized capital as a “fund-less” sponsor. We also created Gabelli Principal Strategies Group, LLC (“GPS”) in December 2015 to pursue strategic operating initiatives.

SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION
Our disclosure and analysis in this press release contain “forward-looking statements”. Forward-looking statements convey our current expectations or forecasts of future events. You can identify these statements because they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning. They also appear in any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance of our products, expenses, the outcome of any legal proceedings, and financial results. Although we believe that we are basing our expectations and beliefs on reasonable assumptions within the bounds of what we currently know about our business and operations, the economy and other conditions, there can be no assurance that our actual results will not differ materially from what we expect or believe. Therefore, you should proceed with caution in relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance.

Contact:	Ian J. McAdams Chief Financial Officer (914) 921-5078 Associated-Capital-Group.com

FAQ

What is Associated Capital Group's (AC) projected book value range for Q1 2025?

AC's preliminary Q1 2025 book value is estimated between $42.42 to $42.62 per share.

How much did AC's book value increase from Q4 2024 to Q1 2025?

AC's book value increased from $42.14 per share (December 31, 2024) to a projected range of $42.42-$42.62, representing a potential increase of $0.28-$0.48 per share.

When will AC release its complete Q1 2025 financial results?

AC will release detailed financial results in May 2025.

What is the percentage increase in AC's book value from Q4 2024 to Q1 2025?

Based on the preliminary figures, AC's book value increased approximately 0.7% to 1.1% from Q4 2024 to Q1 2025.