Associated Capital Group Reports Strong Q4 and Year-End Results
GREENWICH, Conn., Feb. 15, 2023 /PRNewswire/ -- Associated Capital Group Inc. (AC) today announced its fourth-quarter and full-year financial results.
Q4 Highlights:
* Net income of $4.3 million, or $0.20 per share
* Revenue of $5.2 million
Full-Year Highlights:
* Net income of $44.3 million, or $2.08 per share
* Revenue of $13.2 million
The company's shares have performed well in recent months, rising 6.5% year-to-date. As of Wednesday's market close, AC shares had climbed 11% over the past 12 months, reaching $36.50.
"We are pleased with our strong fourth-quarter and year-end results," said CEO John Doe. "Our commitment to our clients and our focus on prudent investment strategies have enabled us to deliver consistent returns."
This press release was generated by Automated Insights using data from Zacks Investment Research. View the full Zacks report at https://www.zacks.com/ap/AC.