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Stock impact report

ASSOCIATED CAPITAL GROUP, INC. Reports Estimated Full Year and Fourth Quarter Results

Associated Capital Group, Inc. (AC) 
US:NYSE Investor Relations: associated-capital-group.com/ir
Company Research Source: Business Wire
GREENWICH, Conn.--(BUSINESS WIRE)--Associated Capital Group, Inc. (“AC” or the “Company”) announced today a preliminary estimate of its financial results for the fourth quarter and year ended December 31, 2019.Diluted EPS for the fourth quarter is expected to be within the range of $0.45 to $0.55 compared to a loss of $(1.77) for the fourth quarter of 2018. Full year EPS is expected to be within the range of $1.70 to $1.80 compared to a loss of $(2.52) for 2018.As of December 31, 2019, AC’s book value is estimated in the range of $39.80 to $39.90 per share versus $39.51 per share at September 30, 2019 and $38.36 per share on December 31, 2018.Assets under management at December 31, 2019 increased 13.4% year-over-year to $1.7 billion.We expect to issue additional information regarding our financial results in early February.About Associated Capital Group, Inc.The Company has been publicly traded since November 30, 2015 following its spin-off from GAMCO Investors, Inc.The Company op Show less Read more
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