Associated Capital Group ( (AC) ) has released its Q4 earnings. Here is a breakdown of the information Associated Capital Group presented to its investors.
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Associated Capital Group, Inc. is a diversified financial services company based in Greenwich, Connecticut, primarily involved in alternative investment management and direct investments across various strategies.
In its latest financial results for the fourth quarter and full year 2024, Associated Capital Group reported a decrease in assets under management (AUM) to $1.25 billion and an increase in net income to $44.3 million, up from $37.5 million in 2023.
The company experienced a decline in revenue compared to the previous year, with full-year revenues rising slightly to $13.2 million from $12.7 million. Despite this, net income per share saw an increase to $2.08 from $1.72 the previous year. Notably, the company returned $58.6 million to shareholders through dividends and share repurchases, and completed $42 million in charitable contributions since its 2015 spin-off.
Looking ahead, Associated Capital Group plans to enhance its capital utilization by pursuing acquisitions and alliances to broaden its product offerings and distribution channels. The management remains focused on leveraging its research and investment capabilities to seek strategic growth opportunities.
