Associated Capital Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 05, 2021 at 05:10 pm EDT
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Associated Capital Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported revenue was USD 2.11 million compared to USD 1.95 million a year ago. Net income was USD 1.5 million compared to USD 5.82 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to USD 0.27 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to USD 0.27 a year ago. Basic earnings per share was USD 0.07 compared to USD 0.26 a year ago. Diluted earnings per share was USD 0.07 compared to USD 0.26 a year ago.
For the nine months, revenue was USD 6.93 million compared to USD 6.97 million a year ago. Net income was USD 49.77 million compared to net loss of USD 32.3 million a year ago. Basic earnings per share from continuing operations was USD 2.25 compared to basic loss per share from continuing operations of USD 1.41 a year ago. Diluted earnings per share from continuing operations was USD 2.25 compared to diluted loss per share from continuing operations of USD 1.41 a year ago. Basic earnings per share was USD 2.25 compared to basic loss per share of USD 1.44 a year ago. Diluted earnings per share was USD 2.25 compared to diluted loss per share of USD 1.44 a year ago.
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.