Associated Cap Group Inc Stock Price, News & Analysis

Associated Capital Group, Inc. (AC) has announced a preliminary range for its first quarter book value, estimated between $41.11 and $41.36 per share. This reflects a decrease from $41.72 per share reported on March 31, 2022, but an increase compared to $40.48 per share at December 31, 2022. Additionally, the company's assets under management stood at $1.80 billion as of March 31, 2023, down from $1.84 billion a year earlier. AC plans to disclose further financial results in May.

Associated Capital Group reported its financial results for the fourth quarter and full year ended December 31, 2022. Book value was $40.48 per share, down from $42.48 in 2021. Assets under management (AUM) reached $1.84 billion, an increase from $1.78 billion the previous year, driven by $100 million in net inflows.

However, revenues declined to $15.2 million in 2022 from $20.9 million in 2021. The company experienced an operating loss of $11.3 million, compared to $10.7 million the prior year. Additionally, net investment loss was $49.2 million, a significant decrease from a gain of $100.4 million in 2021.

Associated Capital Group, Inc. (AC) announced preliminary estimates for its financial results for the fourth quarter and year ending December 31, 2022. The company's estimated book value per share is projected to be between $40.37 and $40.57, a slight increase from $39.96 at the end of September 2022 but a decline from $42.48 a year earlier. Additionally, assets under management rose to $1.84 billion, up from $1.78 billion in 2021. Further financial details are expected to be released in February.

Associated Capital Group (AC) has extended the record date for its Shareholder Designated Charitable Contribution (SDCC) program to January 18, 2023, allowing shareholders more time to register for the program. The previous record date was December 31, 2022. To date, AC shareholders have contributed approximately $34 million to over 160 charities since the program began. A charitable contribution form will be distributed in late January, with a deadline for return set for February 28, 2023.

The Board of Associated Capital Group (NYSE: AC) has approved a $0.15 per share Shareholder Designated Charitable Contribution (SDCC) for registered Class A and Class B shareholders. Shareholders must register shares by December 31, 2022, to participate. The total contribution is estimated at $3.3 million based on approximately 22 million shares outstanding. Since its public inception, AC has donated around $34 million to over 160 charities. The company focuses on alternative investment management and direct investments across various sectors.