Sector: Financials | Industry: Investment Management & Fund Operators |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 191 Mason Street GREENWICH CT 06830 |
Tel: | N/A |
Website: | https://www.associated-capital-group.com |
IR: | See website |
Key People | ||
Mario J. Gabelli Executive Chairman of the Board | Douglas R. Jamieson President, Chief Executive Officer, Director | Ian J. Mcadams Chief Financial Officer |
Peter D. Goldstein Senior Vice President, Chief Legal Officer and Secretary | Marc J. Gabelli Executive Director |
Business Overview |
Associated Capital Group, Inc. is a diversified global financial services company. The Company provides alternative investment management services and operates a direct investment business that invests in businesses that fit its criteria over time. The Company conducts its investment management activities through its wholly owned subsidiary Gabelli & Company Investment Advisers, Inc. (GCIA) and its wholly owned subsidiary, Gabelli & Partners, LLC (Gabelli & Partners). GCIA and Gabelli & Partners together serve as general partners or investment managers to investment funds, including limited partnerships and offshore companies (collectively, Investment Partnerships), and separate accounts. It primarily manages assets across a range of risk and event arbitrage portfolios and in equity event-driven value strategies. It serves a variety of investors globally, including private wealth management clients, corporations, corporate pension and profit-sharing plans, foundations and endowments. |
Financial Overview |
For the fiscal year ended 31 December 2023, Associated Capital Group Inc revenues decreased 17% to $12.7M. Net income totaled $37.5M vs. loss of $48.9M. Revenues reflect Investment advisory and incentive fees decrease of 17% to $12.3M, Other revenues decrease of 16% to $359K. Net Income reflects Net gain/(loss) from investments - Balan increase from $56.5M (expense) to $43.1M (income). |
Employees: | 25 as of Mar 6, 2024 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $381.37M as of Dec 31, 2023 |
Annual revenue (TTM): | $12.68M as of Dec 31, 2023 |
EBITDA (TTM): | -$16.59M as of Dec 31, 2023 |
Net annual income (TTM): | $37.45M as of Dec 31, 2023 |
Free cash flow (TTM): | $142.92M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 21,493,176 as of Mar 6, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |