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AC

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

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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