Associated Capital Group Inc (N:AC)

Business Focus: Investment Management

Sector:  Financials Industry:  Investment Management & Fund Operators
See Regulatory Filings on SEC
Company Contact
Address: One Corporate Center
RYE NY 10580
Tel: N/A
IR: See website
Key People
Mario J. Gabelli
Executive Chairman of the Board
Douglas R. Jamieson
President, Chief Executive Officer, Director
Salvatore F. Sodano
Vice Chairman of the Board, Independent Director
Kevin Handwerker
Executive Vice President, General Counsel, Secretary
Kenneth D. Masiello
Chief Accounting Officer
Business Overview
Associated Capital Group, Inc. is a parent operating company for the spin-off of GAMCO Investors, Inc.'s (GAMCO's) alternative investment management business, institutional research services operations and certain cash and other assets. The Company, through its subsidiaries, provides alternative investment management services and institutional research services, as well as management of its investment portfolio. It operates through the investment advisory and asset management business segment. Gabelli & Company Investment Advisers, Inc. (GCIA) is a subsidiary of the Company. GCIA and its subsidiary, Gabelli & Partners, LLC (Gabelli & Partners), collectively serve as general partners, co-general partners or investment managers to investment funds, including limited partnerships and offshore companies (collectively, Investment Partnerships), and separate accounts. It primarily manages assets in equity event-driven value strategies, across a range of risk and event arbitrage portfolios.
Financial Overview
For the six months ended 30 June 2019, Associated Capital Group Inc revenues remained flat at $9.5M. Net income totaled $22.2M vs. loss of $10.4M. Revenues reflect Investment advisory and incentive fees increase of 6% to $5.4M, Other revenues increase of 23% to $38K, also reflect Institutional research services decrease of 8% to $4M. Net income reflects Net gain/(loss) from investments - Bala increase from $13.7M (expense) to $36.7M (income).
Employees: 62 as of Mar 1, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $494.52M as of Jun 30, 2019
Annual revenue (TTM): $22.75M as of Jun 30, 2019
EBITDA (TTM): -$16.79M as of Jun 30, 2019
Net annual income (TTM): -$25.48M as of Jun 30, 2019
Free cash flow (TTM): $88.03M as of Jun 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 22,515,375 as of Jul 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization