Associated Capital Group, Inc. Announces Earnings Guidance for the Fourth Quarter and Year Ended December 31, 2018
January 24, 2019 at 05:48 pm
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Associated Capital Group, Inc. announced earnings guidance for the fourth quarter and year ended December 31, 2018. For the quarter, the company expects diluted LPS to be within the range of $1.68 to $1.78 compared to EPS of $0.67 for the fourth quarter of 2017, based primarily on the mark-to-market decline of its investment portfolio.
For the full year, the company expects LPS to be within the range of $2.42 to $2.52 compared to EPS of $0.37 for 2017.
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.
ASSOCIATED CAPITAL GROUP, INC. 
