Associated Capital Group, Inc. Provides Earnings Guidance for the Fourth Quarter and Year Ended December 31, 2019
January 23, 2020 at 09:33 am
Share
Associated Capital Group, Inc. provided earnings guidance for the fourth quarter and year ended December 31, 2019. Diluted EPS for the fourth quarter is expected to be within the range of $0.45 to $0.55 compared to a loss of $1.77 for the fourth quarter of 2018.
Full year 2019, EPS is expected to be within the range of $1.70 to $1.80 compared to a loss of $2.52 for 2018.
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. 
