AC
Associated Capital Group Inc - Class A
Associated Capital Group Inc - Class A
$AC Reports Stable Q1 Revenues and Significant Growth in Net Investment and Other Income; Focuses on Accelerating Capital Usage through Strategic Investments and Sponsorship of Local Organizations.
Associated Capital Group Inc had stable Q1 revenes of $2.5m, with reduced operating expenses due to lower stock-based compensation costs. Q1 2023 reported a net investment and other non-operational income of $24.7m, a significant improvement from the $15m loss reported in Q1 2022. Merger Arbitrage strategy remained consistent with returns of -0.23%. AC plans to broaden its product offerings through acquisitions, alliances, and direct investment in operating businesses, as well as supporting its community through sponsorship. A semi-annual dividend of $0.10 per share is payable on June 29, 2023, and the company has repurchased 52,307 Class A sharers worth $1.9m in Q1.
4mo ago
$ACAssociated Capital Group Inc - Class A
$AC Reports Preliminary Q1 Book Value Range of $41.11-$41.36 per Share, Assets Under Management Decline Slightly at $1.80 Billion Compared to Last Year
Associated Capital Group (NYSE:AC) reports preliminary book value for Q1 2023 between $41.11 to $41.36 per share, an improvement from Q4 2022, but a decline from Q1 2022. Assets under management slightly decreased to $1.80B at the end of Q1 2023. Associated Capital Group is a diversified global financial services company. Investors should be cautious as forward-looking statements are not guaranteed to match actual results. Further financial details will be released in May.
5mo ago
$AC