Associated Capital: Q1 Earnings Snapshot

May 5, 2022 GMT

GREENWICH, Conn. (AP) _ Associated Capital Group Inc. (AC) on Thursday reported a first-quarter loss of $16.2 million, after reporting a profit in the same period a year earlier.

The Greenwich, Connecticut-based company said it had a loss of 73 cents per share.

The asset manager posted revenue of $2.6 million in the period.

Associated Capital shares have fallen nearly 10% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $38.76, an increase of slightly more than 8% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AC at https://www.zacks.com/ap/AC