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.

Associated Capital Group (AC) reported a third-quarter loss of $16.5 million, or $0.75 per share, significantly down from a profit of $1.5 million last year. Total revenues rose to $2.56 million, driven by higher average AUM of $1.75 billion. However, the operating loss reached $3.13 million, and net investment losses ballooned to $17.79 million. The book value per share dropped to $39.96 from $42.24 a year prior. AC's charitable contributions totaled over $34 million since its spin-off, with a $3.3 million allocation approved for shareholders in 2022.

Associated Capital Group (AC) reported preliminary book values for September 30 at $39.81 to $40.01 per share, a decrease from $40.30 as of June 30, 2022. Comparatively, the book values were $42.48 at December 31, 2021, and $42.24 at September 30, 2021. The company’s assets under management grew to $1.75 billion as of September 30, 2022, up from $1.68 billion a year earlier. Further financial details are expected in early November.

Associated Capital Group, Inc. (AC) reported its Q2 2022 financial results with revenues of $2.5 million, up 2.3% year-over-year. However, the company faced a net loss of $29.9 million, contrasting with a profit of $29.7 million in Q2 2021. Assets Under Management (AUM) increased to $1.80 billion, driven by $81 million in net inflows. Book value per share fell to $40.30 from $42.21 year-over-year. The quarter reflected continued market volatility affecting performance, with significant declines in investment income.

GAMCO Investors has established an Office of the CEO and appointed Doug Jamieson as co-CEO alongside Mario Gabelli. With over 40 years at GAMCO, Jamieson has held various pivotal roles since joining in March 1981. He served as Executive Vice President and COO before becoming President and CEO of GAMCO Asset Management. GAMCO is recognized for its value-driven investment strategies, catering to a diversified clientele, including institutions and individual investors. The firm aims to enhance its advisory services through the new leadership structure.