Associated Capital Reports Estimated Fourth Quarter and Full Year Results
Rhea-AI Summary
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.
Positive
- Book value per share showing slight increase from $42.02 to estimated $42.04-$42.24
- Distribution of $2 per share special dividend to shareholders
Negative
- None.
News Market Reaction
On the day this news was published, AC gained 1.67%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
GREENWICH, Conn., Jan. 10, 2025 (GLOBE NEWSWIRE) -- Associated Capital Group, Inc. (“AC” or the “Company”) (NYSE: AC), announced today a preliminary range for its fourth quarter book value of
AC will be issuing further details on its financial results in February.
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
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's (AC) estimated book value range for Q4 2024?
How much was Associated Capital's (AC) special dividend in November 2024?
What was AC's book value per share as of September 30, 2024?
When will Associated Capital (AC) release its detailed Q4 2024 financial results?
