Last Updated: 10 Nov 2024
Executive Summary
Associated Capital Group Inc. (AC) is a financial services company that provides investment advisory services in the United States. The company has a market capitalization of $772.5 million and trades on the NYSE. The latest stock price is $36.32. AC has a trailing PE ratio of 23.58 and a dividend yield of 0.0055%. The company's financial performance has been mixed in recent quarters, with revenue growth offset by declining profitability.
Company Overview
AC was founded in 1986 and is headquartered in Greenwich, Connecticut. The company provides investment advisory services to individuals, families, and institutions. AC's investment philosophy is based on a value-oriented approach, with a focus on long-term capital appreciation.
Fundamental Analysis
AC's financial performance has been mixed in recent quarters. Revenue has grown slightly, but profitability has declined. In the most recent quarter, AC reported revenue of $13.6 million, up 0.098% year-over-year. However, net income fell by 0.07% to $1.5 million. The company's gross profit margin has also declined in recent quarters, from 26.8% in 2022 to -26.7% in the most recent quarter.
AC's balance sheet is relatively strong. The company has $1.2 billion in cash and equivalents and no long-term debt. However, AC's return on assets and return on equity have both been negative in recent quarters.
Technical Analysis
AC's stock price has been trending lower in recent months. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is also below 50, indicating that the stock is oversold.
Short Term Outlook
The short-term outlook for AC is uncertain. The company's financial performance has been mixed in recent quarters, and the stock price has been trending lower. However, AC's balance sheet is strong, and the company has a long history of paying dividends.
Long Term Outlook
The long-term outlook for AC is more positive. The company's investment philosophy is sound, and the company has a strong track record of generating long-term capital appreciation. However, AC's profitability has declined in recent quarters, and the company faces competition from a number of larger financial institutions.
Analyst Recommendations
Analysts have a mixed view on AC. Some analysts believe that the company's stock is undervalued and that it has the potential to generate strong returns over the long term. Other analysts are more cautious, citing the company's declining profitability and the competitive landscape.
