Associated Cap Group Inc Stock Price, News & Analysis

Associated Capital Group, Inc. (AC) announced preliminary second quarter book value per share between $40.20 and $40.40, down from $41.72 on March 31, 2022, and $42.48 on December 31, 2021. The assets under management increased to $1.80 billion as of June 30, 2022, from $1.61 billion a year earlier. More detailed financial results will be provided in early August.

CIBL, Inc. (OTC: CIBY) has appointed Kenneth D. Masiello as its new Chief Financial Officer. Masiello brings extensive experience, having served as Chief Accounting Officer at Associated Capital Group, Inc. (NYSE: AC) for three years and holding various positions at GE Capital over an 18-year career. CIBL, Inc. focuses on providing high-speed broadband and communications services in northern New Hampshire, covering notable locations like the Omni Mount Washington Hotel and Resort. The company is publicly traded since November 19, 2007.

Associated Capital Group, Inc. (AC) reported financial results for Q1 2022 showing a record AUM of $1.84 billion, up from $1.78 billion at year-end 2021. The company experienced net inflows of $76 million and a minor market appreciation of $2 million. Despite these positive trends, AC reported a net loss of $16.2 million, a significant decline from the $18.6 million net income in Q1 2021. Revenue increased to $2.58 million but was overshadowed by a $15 million decrease in non-operating income, highlighting challenges in the current market environment.

Associated Capital Group, Inc. (AC) reported preliminary book value for Q1 at $41.62 to $41.82 per share, down from $42.48 as of December 31, 2021. Compared to $41.22 a year prior, it reflects a slight decrease. Assets under management rose to $1.84 billion from $1.50 billion a year earlier, marking significant growth. The company plans to provide further financial results in early May.

GAMCO Investors, Inc. (NYSE:GBL) has appointed Douglas R. Jamieson to its Board of Directors. With over 40 years at GAMCO, Jamieson has held key roles including Executive Vice President and Chief Operating Officer of GAMCO Asset Management and President and CEO of Associated Capital Group since its spinoff in 2015. GAMCO Investors is renowned for its research-driven equity investing and manages various investment strategies through subsidiaries, serving a diverse client base including institutions and individual investors.

Associated Capital Group reported strong financial results for 2021, with a record book value of $42.48 per share and AUM reaching $1.78 billion. The company achieved a full-year diluted EPS of $2.68, up from $0.84 in 2020, driven by record net inflows of $356 million and market appreciation of $74 million. However, operating losses before management fees increased to $10.7 million. The Board declared a semi-annual dividend of $0.10 per share, supporting its commitment to return value to shareholders.

Associated Capital Group (NYSE:AC) reported its preliminary financial results for the fourth quarter and the year ending December 31, 2021. The estimated book value per share increased to between $42.38 and $42.58, up from $42.24 in September 2021 and $40.36 in December 2020. Additionally, assets under management rose significantly to $1.78 billion, compared to $1.35 billion a year earlier. Full details will be shared in February.

The Board of Associated Capital Group (NYSE: AC) has approved a $0.30 per share Shareholder Designated Charitable Contribution (SDCC) for registered Class A and Class B shareholders. To qualify, shareholders must register shares by December 1, 2021. This initiative will allow approximately $6.6 million to be donated to eligible 501(c)(3) organizations, totaling around $32 million contributed to over 160 charities since the company's inception. This reflects AC’s commitment to charitable giving as a core company value.

Associated Capital Group reported financial results for Q3 2021, showcasing a significant increase in Assets Under Management (AUM) of $1.68 billion, up from $1.25 billion a year prior. Book value per share rose to $42.24 compared to $38.25 in 2020. Q3 revenues reached $2.1 million, a slight increase from $1.9 million in Q3 2020. Despite a net income of $1.5 million, operating losses were reported at $169,000. A dividend of $0.10 per share was declared, with a notable charitable contribution of $6.6 million approved for 501(c)(3) organizations.