Associated Capital: Fourth Quarter Earnings Overview

Associated Capital Group Announces Q4 Financial Results

Associated Capital Group Inc., headquartered in Greenwich, Connecticut, has announced its financial performance for the fourth quarter, reporting a net income of $11.1 million.

The company’s earnings translate to 54 cents per share for the quarter.

During this period, the asset management firm generated $20.1 million in revenue.

Looking at the full year, Associated Capital Group recorded a total profit of $53 million, or $2.52 per share, with annual revenue reaching $26.9 million.

Since the start of the year, the company’s stock price has declined by just over 9%. As of the close of trading on Wednesday, shares were valued at $34, reflecting a decrease of slightly more than 5% over the past year.