Associated Capital Group, Inc. (AC) has released its preliminary third quarter book value, which is estimated to be in the range of $41.85 to $42.05 per share. This range excludes the $2 per share special dividend declared in September 2024, payable on November 4, 2024. The book value range for the third quarter represents a decrease from the book value of $42.87 per share at June 30, 2024, and a slight increase from the book value of $41.43 per share at September 30, 2023.
AC will provide further details on its financial results in November. The company, based in Greenwich, Connecticut, offers diversified global financial services, including alternative investment management through Gabelli & Company Investment Advisers, Inc. It also engages in direct investment business, which invests in new and existing businesses through various subsidiaries.
The company has a history of providing special dividends, and investors may be keen to understand the impact of these dividends on the company's financial position. The fluctuation in book value over the quarters can open up discussions on the company's investment strategies and its performance in the market. Today the company's shares have moved 1.8% to a price of $36.3. If you want to know more, read the company's complete 8-K report here.