Associated Capital Group, Inc. Reports First Quarter Results
Associated Capital Group reported its Q1 2021 results, showing total Assets Under Management (AUM) of $1,495 million, up from $1,473 million in Q1 2020.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Associated Capital Group, Inc. (“AC” or the “Company”), a diversified financial services company, today reported its financial results for the first quarter ended March 31, 2021.
Financial Highlights
($'s in 000's except AUM and per share data)
| (Unaudited) | First Quarter | |||
2021 |
2020 |
|||
| AUM - end of period (in millions) |
|
|
||
| AUM - average (in millions) | 1,431 |
1,688 |
||
| Revenues | 2,325 |
2,962 |
||
| Operating Loss | (6,365) |
(640) |
||
| Investment and other non-operating income, net | 30,681 |
(100,091) |
||
| Income before income taxes | 24,316 |
(100,731) |
||
| Net income/(loss) to shareholders | ||||
| Continuing operatings | 18,555 |
(77,069) |
||
| Discontinued Operations | 0 |
231 |
||
| Net income/(loss) | 18,555 |
(73,355) |
||
| Net income/(loss) per share-diluted | ||||