Associated Capital Reports Preliminary Third Quarter Book Value of $38.15 to $38.35 Per Share
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.
- Slight increase in book value from Q2 2020 at $38.13 per share.
- Decrease in book value from $39.93 at December 31, 2019.
- Significant decline in assets under management from $1.65 billion to $1.25 billion year-over-year.
GREENWICH, Conn.--(BUSINESS WIRE)--Associated Capital Group, Inc. (“AC” or the “Company”), announced today a range of its third quarter preliminary book value of
Assets under management were
Associated Capital will be issuing further details on its financial results in early November.
About Associated Capital Group, Inc.
Associated Capital, based in Greenwich Connecticut, is a diversified global financial services company that provides alternative investment management through Gabelli & Company Investment Advisers, Inc. (“GCIA” f/k/a Gabelli Securities, Inc.). We have also earmarked proprietary capital for our direct investment business that invests in new and existing businesses. The direct investment business is developing along three core pillars: Gabelli Private Equity Partners, LLC (“GPEP”), formed in August 2017 with
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