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.
This page contains historical news coverage for Associated Capital Group, Inc. (AC), which operated as an investment advisory and asset management firm based in Greenwich, Connecticut. The company has since voluntarily delisted from the New York Stock Exchange and deregistered from SEC reporting requirements.
Associated Capital Group's news archive documents the company's quarterly book value updates, earnings announcements, and corporate developments during its time as a publicly traded company. The firm specialized in alternative investment management, underwriting services, and institutional research for hedge funds and asset managers.
This historical archive provides context for understanding the company's operations and the events leading to its voluntary departure from public markets. Browse past coverage to review quarterly financial updates, special dividend announcements, and corporate governance changes that characterized Associated Capital Group's trajectory as a publicly traded investment advisory firm.
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
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.
Associated Capital Group, Inc. (AC) announced preliminary third-quarter book value ranging from
Associated Capital Group reported its Q2 2021 results, revealing a net income of $29.7 million, down from $35.2 million in Q2 2020, with earnings per share at $1.34 compared to $1.57 the previous year. The company’s assets under management (AUM) reached $1.61 billion, up from $1.31 billion year-over-year. Despite an operating loss of $10.4 million, non-operating income was strong at $48.6 million. The book value per share increased to $42.21. Additionally, investment strategies showed positive returns, with merger arbitrage generating gross returns of 3.5% for Q2.
Associated Capital Group (AC) reported a second quarter preliminary book value increase to $42.10 to $42.30 per share, up from $41.22 on March 31, 2021. This marks a notable rise from $40.36 on December 31, 2020, and $38.09 on June 30, 2020. Additionally, assets under management reached $1.611 billion by June 30, 2021, compared to $1.305 billion a year earlier. The company intends to disclose further financial details in early August.
Associated Capital Group, Inc. (AC) highlights the Gabelli Value Plus+ Trust's (GVP) strong performance since opting against liquidation in July 2020. The Trust has achieved significant returns, with NAV of £1.75 and $2.46 as of 9/6/2021. The AC Board agreed to abstain from voting on the Trust’s continuation, recommending shareholders consider its future at the upcoming AGM. With the U.S. economic recovery, AC believes GVP is positioned for attractive risk-adjusted returns moving forward.
Associated Capital Group reported its Q1 2021 results, showing total Assets Under Management (AUM) of $1,495 million, up from $1,473 million in Q1 2020. Revenue decreased to $2,325 million compared to $2,962 million the previous year. The company recorded an operating loss of $6,365 million, significantly worse than the $640 million loss in Q1 2020. However, non-operating income turned positive at $30,681 million, contrasting sharply with the $(100,091 million) loss in the same quarter last year.
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