Associated Capital Group, Inc. Increases Q2 Book Value to $43.20-$43.40 per Share

By Bobby Samwell • Wednesday, July 09 15:30 • Permanent Link

Associated Capital Group, Inc. (AC) has announced a preliminary range for its second quarter book value, coming in at $43.20 to $43.40 per share. This represents an increase from the previous quarter's book value of $42.51 per share and an even larger jump from the book value of $42.14 per share at the end of 2024.

The company will be providing further details on its financial results in August. Associated Capital Group, Inc., based in Greenwich, Connecticut, is a diversified global financial services company that provides alternative investment management through Gabelli & Company Investment Advisers, Inc. (GCIA). It has also allocated proprietary capital for its direct investment business that invests in new and existing businesses.

The direct investment business has been developing along several core pillars, including Gabelli Private Equity Partners, LLC (GPEP), which was formed in August 2017 with $150 million of authorized capital as a "fund-less" sponsor. Additionally, Gabelli Principal Strategies Group, LLC (GPS) was created in December 2015 to pursue strategic operating initiatives.

The significant increase in book value per share from the previous period reflects the company's growth and positive performance in its investment activities. This upward trend in book value showcases the potential attractiveness of AC's investment portfolio to its shareholders and potential investors. Following these announcements, the company's shares moved 0.46%, and are now trading at a price of $37.47. Check out the company's full 8-K submission here.

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