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Associated Capital Group reports lower profits and assets, but its stock price still rises.
Associated Capital Group (AC) reported a net income of $44.3 million for 2024, or $2.08 per share, down from $37.4 million in 2023.
The company's assets under management (AUM) fell to $1.25 billion, due to net outflows and currency impacts.
AC's shares rose to $36.50, up 6.5% since the year began and 11% over the past year.
StockNews.com downgraded AC from "buy" to "hold."
3 months ago
4 Articles