Associated Capital Group, Inc.

Associated Capital Group, Inc.

AC
Associated Capital Group, Inc.US flagNew York Stock Exchange
30.92
USD
-2.44
- -
652.20MMarket Cap
Associated Capital Group, Inc.
AC
(New York Stock Exchange)

Recent

price

30.92

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
0.85
0.81
0.84
0.92
1.26
1.13
0.99
0.99
0.85
0.95
0.69
0.58
0.62
0.56
Revenue per Share
0.3
1.06
0.12
- -
0.41
0.37
-2.52
1.74
0.84
2.68
-2.22
1.72
2.08
2.54
Basic EPS, GAAP
-0.11
1.61
-2.34
-1.9
0.26
-2.84
3.34
-2.26
-12.98
10.77
-3.2
6.66
1.26
-2.41
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.1
0.2
0.2
0.2
0.3
0.2
0.2
0.2
2.19
2.1
Dividend per Share
- -
- -
- -
0.08
0.3
0.58
-1.73
-0.03
0.61
3.09
0.69
2.22
2.15
3.3
Book Value per Share
- -
19.69
23.1
30.3
35.18
40.39
39.55
41.91
40.14
42.13
40.72
41.78
41.92
43.25
Tangible Book Value per Share
25
25
25
25
25
24
23
23
22
22
22
22
21
21
Basic Weighted Avg Shares
22
20
21
23
31
27
23
22
19
21
15
13
13
12
Sales/Revenue/Turnover
-59.03
-71.1
-47.19
-62.66
-39.17
-75.74
-59.18
-59.72
-65.69
-91.17
-73.96
-133.62
-142.34
-196.34
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
8
27
3
- -
10
9
-58
39
19
59
-49
37
44
54
Net Income, GAAP
28.81
32.58
- -
- -
27.02
- -
- -
22.07
31.37
21.77
- -
19.5
15.75
19.15
Effective Tax Rate (%)
34.83
131.06
14.27
-0.49
32.72
32.83
-255.06
176.48
99.12
282.94
-321.16
295.29
336.46
451.7
Profit Margin (%)
- -
175
273
206
274
313
411
370
547
569
409
426
378
393
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
- -
502
583
757
878
964
916
948
901
935
900
913
898
920
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
817.34
- -
- -
95.52
- -
- -
118.17
53.49
132.84
- -
94.21
84.04
74.24
Return on Capital (%)
- -
- -
- -
-10.59
216.28
83.46
- -
- -
- -
144.16
-116.99
118.13
94.22
80.93
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
21
21
21
Market Capitalization
731
815
795

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
406
388
424
Cash, Cash Equivalents & STI
368
358
392
Accounts Receivable, Net
32
27
28
Inventories
- -
- -
- -
Total Current Liabilities
29
20
31
Payables & Accruals
29
20
31
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.91%
-1.02%
-1.62%
Free Cash Flow
-186.71%
-45.51%
-81.48%
Net Income, GAAP
-1,052.57%
-35.64%
18.36%
Sales/Revenue/Turnover
-3.07%
-8.87%
3.88%
Total Cash Common Dividend
- -
197.73%
975.7%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
2
2
2
6
13
2024
3
3
2
5
13
2025
2
2
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.81
0.15
- -
0.76
1.72
2024
0.64
0.14
1.09
0.2
2.08
2025
0.36
0.88
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
0.1
0.2
2024
- -
- -
- -
2.1
2.19
2025
- -
- -
- -
- -
- -
Business
Associated Capital Group, Inc. (AC) is a diversified global financial services company that provides alternative investment management services through its subsidiary Gabelli & Partners, LLC; operates a direct investment business focused on acquiring and developing undervalued businesses and assets; and engages in merger arbitrage strategies via regular webinar updates and conference calls. The company offers specialized alternative asset management products, including hedge fund strategies and investment partnerships intended for sophisticated investors willing to bear high risks; maintains a portfolio of private equity investments through Gabelli Private Equity Partners; and conducts institutional research-driven investment processes emphasizing fundamental bottom-up analysis for superior risk-adjusted returns. It targets institutional and high-net-worth clients across global markets, with primary operations in the United States. Founded in 1976 and headquartered at 191 Mason Street in Greenwich, Connecticut, Associated Capital Group, Inc. is a subsidiary of GGCP Holdings LLC and employs approximately 24 people. The firm has evolved from an institutional research provider into a multifaceted alternative investment manager with a focus on long-term value creation through disciplined capital allocation, operational enhancements, and strategic holdings in niche sectors. In recent developments, the company announced a 100% dividend increase and expansion of its share repurchase authorization on November 7, 2025; reported third quarter 2025 financial results on the same date, highlighting net income of $23.2 million ($1.09 per share) amid assets under management of $1.34 billion; and voluntarily delisted from the NYSE and pursued SEC deregistration on August 15, 2025, transitioning to OTCQX trading under ticker ACGP. These actions reflect ongoing capital return strategies to shareholders and a shift toward reduced public reporting obligations, while continuing merger arbitrage updates through Q3 2025 webinars. No major acquisitions, partnerships, or new product launches were reported in the last 1-2 years.

Company News

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  • AC Reports Preliminary September 30 Book Value of $44.15 to $44.35 Per Share

  • Associated Capital Group, Inc. Update on Voluntary NYSE Delisting and SEC Deregistration