Associated Capital Group Inc Stock Research

Market Summary

USD36.96-2.65

Market Closed

-6.69%

AC Stock Price

AC RSI Chart

AC Valuation

Market Cap

810.8M

Price/Earnings (Trailing)

-54.17

Price/Sales (Trailing)

48.01

EV/EBITDA

-18.91

Price/Free Cashflow

9.6

AC Price/Sales (Trailing)

AC Profitability

EBT Margin

-627.37%

Return on Equity

-6.04%

Return on Assets

-5.39%

Free Cashflow Yield

10.42%

AC Fundamentals

AC Revenue

Revenue (TTM)

16.9M

Revenue Y/Y

-4.53%

Revenue Q/Q

-74.57%

AC Earnings

Earnings (TTM)

-15.0M

Earnings Y/Y

209.69%

Earnings Q/Q

29.93%

Price Action

52 Week Range

31.0144.50

(Low)(High)

Last 7 days

-6.9%

Last 30 days

-1.1%

Last 90 days

1.7%

Trailing 12 Months

-6.6%

AC Financial Health

AC Investor Care

Dividend Yield

1.08%

Dividend/Share (TTM)

0.4

Buy Backs (1Y)

0.51%

Diluted EPS (TTM)

-0.68

Peers (Alternatives to Asso Capital Group)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
GS	107.8B	39.0B	-4.89%	1.22%	10.21	2.76	-18.28%	-43.67%
SCHW	99.6B	21.2B	1.70%	-23.94%	13.86	4.8	14.77%	27.91%
BLK	98.6B	17.4B	-0.82%	1.13%	20.12	5.66	-11.48%	-20.19%
RJF	19.1B	12.0B	0.66%	-7.92%	11.41	1.6	11.08%	11.36%
MKTX	10.3B	735.4M	-14.14%	-2.76%	39.61	13.95	6.65%	6.97%
MID-CAP
IBKR	8.5B	3.5B	0.06%	25.50%	4.63	3.18	133.79%	12.59%
SEIC	7.5B	1.9B	-3.71%	-2.48%	19.23	4.01	-8.09%	-35.44%
SF	6.6B	4.7B	-6.53%	-13.40%	9.92	1.43	-0.66%	-21.72%
SNEX	1.7B	64.5B	-19.20%	6.95%	7.56	0.03	22.22%	49.25%
SMALL-CAP
PIPR	1.9B	1.4B	-3.13%	-2.47%	18.96	1.37	-29.57%	-62.49%
VIRT	1.7B	2.3B	-8.86%	-32.68%	6.27	0.75	-8.65%	-30.67%
COWN	1.1B	1.5B	0.39%	32.10%	14.3	0.71	-27.22%	-74.14%
AC	810.8M	16.9M	-1.07%	-6.64%	-54.17	48.01	-24.32%	-161.15%
OPY	434.3M	1.2B	3.84%	10.70%	11.53	0.37	-9.34%	-70.93%
GHL	265.1M	262.7M	115.80%	21.56%	-33.4	1.01	-10.67%	-128.23%

Financials for Asso Capital Group

Income Statement (Last 12 Months)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	10.9%	16,889,000	15,228,000	19,116,000	17,438,000	22,317,000
Operating Expenses	6.5%	28,200,000	26,490,000	32,465,000	29,055,000	37,198,000
EBITDA	-72.6%	-64,024,000	-37,088,000	39,378,000	-	-
EBITDA Margin	-35.1%	-6.22	-4.60	0.62	-	-
Earnings Before Taxes	62.8%	-22,510,000	-60,465,000	-64,569,000	-37,663,000	38,669,000
EBT Margin	-34.2%	-6.27	-4.68	0.61	-	-
Interest Expenses	30.1%	281,000	216,000	204,000	235,000	252,000
Net Income	69.4%	-14,967,000	-48,907,000	-53,127,000	-35,126,000	24,477,000
Net Income Margin	-18.4%	-5.16	-4.36	0.38	-	-
Free Cahsflow	-883.2%	-280,435,000	35,805,000	23,184,000	-	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	1.6%	943	928	987	1,120	1,284
Cash Equivalents	81.6%	397	218	288	344	349
Goodwill	0%	4.00	4.00	4.00	4.00	4.00
Liabilities	8.6%	30.00	27.00	98.00	31.00	161
Shareholder's Equity	1.8%	906	890	879	886	918
Retained Earnings	117.4%	33.00	15.00	4.00	20.00	52.00
Additional Paid-In Capital	0%	999	999	999	990	989
Shares Outstanding	-0.2%	22.00	22.00	22.00	22.00	22.00
Minority Interest	NaN%	-	-	-1.44	-1.85	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	219.7%	84.00	-70.55	-280	36.00	23.00
Cashflow From Investing	298.8%	2.00	0.00	12.00	57.00	63.00
Cashflow From Financing	-11.8%	-41.57	-37.17	-8.79	-11.90	-11.11
Dividend Payments	-0.2%	4.00	4.00	4.00	-	-
Buy Backs	64.3%	4.00	3.00	2.00	3.00	4.00

Risks for AC

What is the probability of a big loss on AC?

65.8%

Probability that Asso Capital Group stock will be more than 20% underwater in next one year

19.6%

Probability that Asso Capital Group stock will be more than 30% underwater in next one year.

16.5%

Probability that Asso Capital Group stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Asso Capital Group was unfortunately bought at previous high price.

Drawdowns

Returns for AC

Cumulative Returns on AC

3.6%

7-Year Cumulative Returns

-0.4%

5-Year Cumulative Returns

-3.1%

3-Year Cumulative Returns

What are the long-term rolling returns for AC?

FIve years rolling returns for Asso Capital Group.

Annualized Returns

Which funds bought or sold AC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	unchanged	-	-14,000	100,000	-%
2023-05-18	JPMORGAN CHASE & CO	reduced	-10.16	-13,000	48,000	-%
2023-05-15	BRIDGEWAY CAPITAL MANAGEMENT, LLC	reduced	-2.58	-397,830	2,390,220	0.06%
2023-05-15	VANGUARD GROUP INC	added	1.00	-894,809	7,149,680	-%
2023-05-15	Royal Bank of Canada	reduced	-33.72	-38,000	53,000	-%
2023-05-15	ALLIANCEBERNSTEIN L.P.	reduced	-0.64	-82,082	570,988	-%
2023-05-15	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	unchanged	-	-101	739	-%
2023-05-15	GEODE CAPITAL MANAGEMENT, LLC	added	0.31	-190,530	1,435,470	-%
2023-05-15	Nuveen Asset Management, LLC	reduced	-45.3	-241,000	224,000	-%
2023-05-15	Steward Partners Investment Advisory, LLC	unchanged	-	-746	5,469	-%

Latest Funds Activity

Are funds buying AC calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own AC

No. of Funds

Asso Capital Group News

Schedule 13G FIlings of Asso Capital Group

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	6.30%	191,581	SC 13G/A
Jan 30, 2023	horizon kinetics asset management llc	41.0%	1,244,909	SC 13G/A
Feb 09, 2022	vanguard group inc	6.37%	197,237	SC 13G/A
Jan 26, 2022	horizon kinetics asset management llc	40.5%	1,253,567	SC 13G
Jan 26, 2022	horizon kinetics asset management llc	40.5%	1,253,567	SC 13G/A
Feb 16, 2021	horizon kinetics asset management llc	39.9%	1,332,955	SC 13G/A
Feb 10, 2021	vanguard group inc	6.10%	203,722	SC 13G/A
Jan 29, 2021	royce & associates lp	1.2%	39,940	SC 13G/A
Feb 14, 2020	horizon kinetics asset management llc	42.1%	1,459,367	SC 13G/A
Feb 12, 2020	vanguard group inc	6.53%	226,382	SC 13G/A

AC Fair Value

Show Fair-Value

Recent SEC filings of Asso Capital Group

View All Filings

Date Filed	Form Type	Document
May 12, 2023	8-K	Current Report
May 12, 2023	10-Q	Quarterly Report
Apr 28, 2023	DEF 14A	DEF 14A
Apr 28, 2023	ARS	ARS
Apr 18, 2023	4	Insider Trading
Apr 11, 2023	8-K	Current Report
Mar 16, 2023	10-K	Annual Report
Mar 14, 2023	4	Insider Trading
Mar 13, 2023	4/A	Insider Trading
Mar 13, 2023	4/A	Insider Trading

Latest Insider Trading transactions for AC

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2020-08-11	GABELLI MARIO J	gifted	-	-	-5,000	executive chairman
2020-07-27	GABELLI MARIO J	gifted	-	-	-2,500	executive chairman
2020-07-13	GABELLI MARIO J	gifted	-	-	-2,500	executive chairman
2020-06-05	GABELLI MARIO J	gifted	-	-	-5,000	executive chairman
2020-05-28	GABELLI MARIO J	acquired	-	-	20,000	executive chairman
2020-04-29	GABELLI MARIO J	gifted	-	-	-10,000	executive chairman
2020-04-21	GABELLI MARIO J	gifted	-	-	-10,000	executive chairman
2020-04-14	GABELLI MARIO J	acquired	-	-	20,000	executive chairman
2020-04-03	GABELLI MARIO J	bought	69,371	26.05	2,663	executive chairman
2020-04-01	GABELLI MARIO J	bought	129,660	25.9319	5,000	executive chairman

About Asso Capital Group

Douglas R. Jamieson

www.associated-capital-group.com

Associated Capital Group, Inc. provides investment advisory services in the United States. The company offers alternative investment management and asset management services. It also invests in new and existing businesses. The company was founded in 1976 and is headquartered in Greenwich, Connecticut.

AC Income Statement

2023-03-31

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues
Total revenues	$ 2,465	$ 2,582
Expenses
Compensation	3,570	3,933
Management fee	2,543	0
Other operating expenses	1,485	1,955
Total expenses	7,598	5,888
Operating loss	(5,133)	(3,306)
Other income/(expense)
Net gain/(loss) from investments	20,511	(15,610)
Interest and dividend income	5,193	804
Interest expense	(98)	(33)
Shareholder-designated contribution	(871)	(208)
Total other income/(expense), net	24,735	(15,047)
Income/(loss) before income taxes	19,602	(18,353)
Income tax expense/(benefit)	1,580	(4,848)
Income/(loss) before noncontrolling interests	18,022	(13,505)
Less: Income attributable to noncontrolling interests	268	2,681
Net income/(loss) attributable to Associated Capital Group, Inc.'s shareholders	$ 17,754	$ (16,186)
Net income/(loss) per share attributable to Associated Capital Group, Inc.'s shareholders:
Basic and Diluted EPS (in dollars per share)	$ 0.81	$ (0.73)
Diluted (in dollars per share)	$ 0.81	$ (0.73)
Weighted average shares outstanding (in thousands):
Basic (in shares)	21,970	22,054
Diluted (in shares)	21,970	22,054
Actual shares outstanding (in thousands) (in shares)	21,938	22,051
Investment Advice [Member]
Revenues
Total revenues	$ 2,411	$ 2,486
Financial Service, Other [Member]
Revenues
Total revenues	$ 54	$ 96