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.
The Board of Associated Capital Group (NYSE: AC) has approved a $0.15 per share Shareholder Designated Charitable Contribution (SDCC) for registered Class A and Class B shareholders. Shareholders must register shares by December 31, 2022, to participate. The total contribution is estimated at $3.3 million based on approximately 22 million shares outstanding. Since its public inception, AC has donated around $34 million to over 160 charities. The company focuses on alternative investment management and direct investments across various sectors.
Associated Capital Group (AC) reported a third-quarter loss of $16.5 million, or $0.75 per share, significantly down from a profit of $1.5 million last year. Total revenues rose to $2.56 million, driven by higher average AUM of $1.75 billion. However, the operating loss reached $3.13 million, and net investment losses ballooned to $17.79 million. The book value per share dropped to $39.96 from $42.24 a year prior. AC's charitable contributions totaled over $34 million since its spin-off, with a $3.3 million allocation approved for shareholders in 2022.
Associated Capital Group (AC) reported preliminary book values for September 30 at $39.81 to $40.01 per share, a decrease from $40.30 as of June 30, 2022. Comparatively, the book values were $42.48 at December 31, 2021, and $42.24 at September 30, 2021. The company’s assets under management grew to $1.75 billion as of September 30, 2022, up from $1.68 billion a year earlier. Further financial details are expected in early November.
Associated Capital Group, Inc. (AC) reported its Q2 2022 financial results with revenues of $2.5 million, up 2.3% year-over-year. However, the company faced a net loss of $29.9 million, contrasting with a profit of $29.7 million in Q2 2021. Assets Under Management (AUM) increased to $1.80 billion, driven by $81 million in net inflows. Book value per share fell to $40.30 from $42.21 year-over-year. The quarter reflected continued market volatility affecting performance, with significant declines in investment income.
GAMCO Investors has established an Office of the CEO and appointed Doug Jamieson as co-CEO alongside Mario Gabelli. With over 40 years at GAMCO, Jamieson has held various pivotal roles since joining in March 1981. He served as Executive Vice President and COO before becoming President and CEO of GAMCO Asset Management. GAMCO is recognized for its value-driven investment strategies, catering to a diversified clientele, including institutions and individual investors. The firm aims to enhance its advisory services through the new leadership structure.
Yieldstreet has appointed Timothy Schott as its new Chief Financial Officer, enhancing its leadership team to drive business growth. Schott, previously CFO of Associated Capital Group (NYSE: AC), brings extensive finance, capital markets, and M&A experience, which is expected to facilitate Yieldstreet’s customer growth and long-term success. His plans include building a robust financial infrastructure to support the company’s next growth phase, aiming to generate $3 billion in income outside traditional markets by 2025.
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
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