earnings
confidence high
sentiment neutral
materiality 0.55
AC reports Q4 net income $0.20/sh, full-year EPS $2.08; AUM down 22% to $1.25B
Associated Capital Group, Inc.
2024-FY EPS reported
$2.08
revenue$13,175,000
- Net income Q4 $4.28M ($0.20 EPS); full year $44.33M ($2.08 EPS) vs $1.72 in 2023.
- Year-end AUM $1.25B, down from $1.59B in 2023 on $363M net outflows, $29M currency impact, offset by $49M market appreciation.
- Book value per share $42.14, essentially flat YoY after $2.20/share dividends paid.
- Returned $58.6M ($2.72/share) to shareholders in 2024 via dividends ($46.8M) and share repurchases ($11.8M).
- Sold 1.15M shares of GAMCO for $30.4M; cash and investments $40.78 per share at year-end.