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. (historically NYSE: AC) generates regular news flow as a diversified financial services company focused on alternative investment management and proprietary capital deployment. Company press releases and SEC filings highlight developments in its merger arbitrage and other alternative strategies, assets under management, book value per share, and the performance of its longest continuously offered merger arbitrage fund.
News about Associated Capital often centers on quarterly and annual financial results, including revenues from investment advisory and incentive fees, operating income measures, and net investment and other non-operating income driven by its proprietary investment portfolio. Updates frequently include detailed breakdowns of assets under management across merger arbitrage, long/short value and other strategies, along with commentary on client flows, market appreciation and currency effects.
Investors following AC-related news also see announcements about capital management actions such as semi-annual dividends, special cash dividends, and Class A share repurchase activity, as well as information on shareholder-designated charitable contribution programs. In 2025, a key news theme was the company’s decision to voluntarily delist its Class A common stock from the NYSE and seek quotation on the OTCQX platform, documented in press releases and an 8-K filing describing the rationale, expected timing and impact on SEC reporting obligations.
This news page aggregates historical and ongoing coverage related to Associated Capital’s operations, strategy performance, capital allocation and listing status. Readers researching the AC ticker can use these articles to understand how the company communicates changes in its business, reports on its alternative investment activities, and explains major corporate actions such as the NYSE delisting and subsequent transition to OTCQX trading.
Associated Capital Group (“AC”) reported preliminary first-quarter book value between $41.10 and $41.30 per share, up from $40.36 at the end of 2020 and $36.61 a year prior. The increase is attributed to changes in mark-to-market values. Additionally, assets under management reached $1.495 billion, compared to $1.473 billion in March 2020. The company plans to release detailed financial results in early May 2021.
Associated Capital Group (NYSE:AC) has announced the appointment of Peter D. Goldstein as Chief Legal Officer and David M. Goldman as General Counsel and Director of Corporate Development, effective April 16, 2021. This leadership change follows the retirement of Kevin Handwerker, who served as General Counsel for six years. Goldstein brings extensive legal experience from GAMCO Investors and the SEC, while Goldman has been with GAMCO since 2011, previously serving at Deutsche Asset Management. Associated Capital focuses on alternative investment management and direct investment strategies.
Associated Capital Group, Inc. (AC) reported Q4 and full-year 2020 financial results, showcasing a net income of $51.1 million for Q4, significantly up from $11.0 million in Q4 2019. However, full-year net income fell to $18.8 million from $39.2 million the previous year. Assets under management declined to $1.35 billion, down from $1.72 billion in 2019, due to $450 million in redemptions. The company experienced operating losses of $12.5 million for the year but reported substantial non-operating income of $42.4 million. The book value per share rose to $40.36, reflecting a positive trend despite declines in revenues.
Associated Capital Group (AC) has released preliminary financial estimates for Q4 and the fiscal year ending December 31, 2020. The diluted EPS for Q4 is projected between $2.15 and $2.35, up from $0.48 in Q4 2019. For the full year, EPS is expected to be between $0.70 and $0.90, down from $1.74 in 2019. As of the end of 2020, AC's estimated book value is $40.15 to $40.45 per share, an increase from $39.88 a year earlier. Assets under management stand at $1.35 billion. Additional financial results will be disclosed in early February.
Associated Capital Group (NYSE:AC) has appointed Timothy H. Schott as Executive Vice President – Finance & Chief Financial Officer. Schott, a seasoned finance professional with three decades of experience, previously held significant roles at Deloitte & Touche and Lazard. His expertise includes financial reporting and tax compliance, which will enhance the firm's management team. President Doug Jamieson expressed confidence that Schott's joining aligns with the company's growth strategy.
Associated Capital Group (AC) reported its Q3 2020 financial results, with net income per share stable at $0.26 compared to Q3 2019. Book value per share adjusted after the Morgan Group spinoff is $38.25. Despite a significant investment portfolio gain of $15.6 million, assets under management dropped to $1.25 billion, down from $1.65 billion a year prior due to client redemptions. The company announced a charitable contribution of $4.5 million, maintaining its shareholder-designated charitable contribution program. A semi-annual dividend of $0.10 per share is declared, payable December 15, 2020.
Associated Capital Group (AC) reported its preliminary book value for Q3 at $38.15 to $38.35 per share, slightly up from $38.13 as of June 30, 2020, but down from $39.93 at year-end 2019. Assets under management fell to $1.25 billion compared to $1.65 billion in the same period last year. Further financial results will be disclosed in early November, highlighting the ongoing challenges within the investment landscape.