Welcome to our dedicated page for Associated Cap Group news (Ticker: AC), a resource for investors and traders seeking the latest updates and insights on Associated Cap Group stock.
Associated Capital Group Inc (AC) provides investors and financial professionals with authoritative coverage of corporate developments and market insights. This centralized hub aggregates all material announcements from this diversified financial services firm, including strategic initiatives, regulatory filings, and research publications.
Key updates cover alternative investment strategies, institutional research reports, and capital allocation decisions. Users will find timely information on merger arbitrage activities, private market value analyses, and risk management frameworks that define AC's operational approach.
The repository includes:
- Earnings releases and SEC filings
- Strategic partnership announcements
- Leadership and governance updates
- Research methodology enhancements
- Capital market transactions
Bookmark this page for structured access to AC's financial communications, enabling informed analysis of their global financial services operations. Cross-reference updates with historical context dating to the firm's 1976 establishment.
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).
Associated Capital Group (AC) announced a preliminary second-quarter book value range of $42.75 to $42.95 per share as of June 30, 2024. This shows a slight decrease from $42.80 at March 31, 2024, but an increase from $42.11 at December 31, 2023, and $41.41 at June 30, 2023. Detailed financial results will be released in August.
Associated Capital Group, Inc. reported an increased first quarter book value with assets under management at $1.55 billion compared to $1.59 billion at the end of 2023. Book value per share ended the quarter at $42.80 per share, an increase from $42.11 at the end of 2023. The company's financial results for the first quarter of 2024 showed an operating loss before management fee, but positive investment and other non-operating income. Total revenues increased to $3.0 million from $2.5 million in the previous year. AC's alternative investment management strategy focuses on merger arbitrage, with a positive gross return of 1.33% in the first quarter of 2024. Global M&A activity saw a significant increase in the first quarter of 2024, with the US dominating deal making. AC plans to accelerate the use of capital through acquisitions and alliances, including launching a private equity business.
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