Associated Capital Group Reports Increase in Q1 Book Value

Associated Capital Group, Inc. has reported a preliminary range for its first quarter book value of $42.67 to $42.87 per share. This marks an increase from the book value of $42.11 per share at December 31, 2023, and $41.30 per share at March 31, 2023.

The company, based in Greenwich, Connecticut, is a diversified global financial services company that provides alternative investment management through Gabelli & Company Investment Advisers, Inc. It has also earmarked proprietary capital for its direct investment business that invests in new and existing businesses.

Associated Capital Group, Inc. will be issuing further details on its financial results in May. Following these announcements, the company's shares moved 0.0%, and are now trading at a price of $32.39. If you want to know more, read the company's complete 8-K report here.

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