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Associated Capital Group

NYSE:AC
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AC
NYSE
$921M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Associated Capital Group, Inc. provides investment advisory and asset management services in the United States. The last earnings update was 43 days ago. More info.


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AC Share Price and Events
7 Day Returns
3.3%
NYSE:AC
1.5%
US Capital Markets
0.2%
US Market
1 Year Returns
11.7%
NYSE:AC
-7.6%
US Capital Markets
6.3%
US Market
AC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Associated Capital Group (AC) 3.3% 1.7% 0.5% 11.7% 34.5% -
US Capital Markets 1.5% 3.5% 3.5% -7.6% 54.5% 69.4%
US Market 0.2% 2.1% 8.5% 6.3% 37.9% 45.7%
1 Year Return vs Industry and Market
  • AC outperformed the Capital Markets industry which returned -7.6% over the past year.
  • AC outperformed the Market in United States of America which returned 6.3% over the past year.
Price Volatility
AC
Industry
5yr Volatility vs Market

AC Value

 Is Associated Capital Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Associated Capital Group. This is due to cash flow or dividend data being unavailable. The share price is $40.81.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Associated Capital Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Associated Capital Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:AC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-2.52
NYSE:AC Share Price ** NYSE (2019-04-18) in USD $40.81
United States of America Capital Markets Industry PE Ratio Median Figure of 87 Publicly-Listed Capital Markets Companies 30.77x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.15x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Associated Capital Group.

NYSE:AC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:AC Share Price ÷ EPS (both in USD)

= 40.81 ÷ -2.52

-16.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Associated Capital Group is loss making, we can't compare its value to the US Capital Markets industry average.
  • Associated Capital Group is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Associated Capital Group's expected growth come at a high price?
Raw Data
NYSE:AC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -16.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 34 Publicly-Listed Capital Markets Companies 2.36x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Associated Capital Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Associated Capital Group's assets?
Raw Data
NYSE:AC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $38.35
NYSE:AC Share Price * NYSE (2019-04-18) in USD $40.81
United States of America Capital Markets Industry PB Ratio Median Figure of 167 Publicly-Listed Capital Markets Companies 6.35x
United States of America Market PB Ratio Median Figure of 5,178 Publicly-Listed Companies 1.91x
NYSE:AC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:AC Share Price ÷ Book Value per Share (both in USD)

= 40.81 ÷ 38.35

1.06x

* Primary Listing of Associated Capital Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Associated Capital Group is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Associated Capital Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Associated Capital Group has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AC Future Performance

 How is Associated Capital Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Associated Capital Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.1%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Associated Capital Group expected to grow at an attractive rate?
  • Unable to compare Associated Capital Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Associated Capital Group's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Associated Capital Group's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:AC Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:AC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:AC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NYSE:AC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 23 77 -58
2018-09-30 26 57 -2
2018-06-30 26 -121 7
2018-03-31 27 -83 0
2017-12-31 27 -68 9
2017-09-30 32 -172 -3
2017-06-30 32 16 -1
2017-03-31 32 -8 -4
2016-12-31 31 7 10
2016-09-30 24 -54 11
2016-06-30 23 -105 -1
2016-03-31 23 -86 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Associated Capital Group is high growth as no earnings estimate data is available.
  • Unable to determine if Associated Capital Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:AC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Associated Capital Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:AC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NYSE:AC Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -2.52
2018-09-30 -0.09
2018-06-30 0.29
2018-03-31 -0.01
2017-12-31 0.37
2017-09-30 -0.14
2017-06-30 -0.04
2017-03-31 -0.18
2016-12-31 0.41
2016-09-30 0.43
2016-06-30 -0.03
2016-03-31 -0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Associated Capital Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Associated Capital Group's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Associated Capital Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Associated Capital Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Associated Capital Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Associated Capital Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AC Past Performance

  How has Associated Capital Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Associated Capital Group's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Associated Capital Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Associated Capital Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Associated Capital Group's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Associated Capital Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Associated Capital Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:AC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 22.78 -58.10
2018-09-30 25.75 -1.98 6.59
2018-06-30 26.33 6.91 3.30
2018-03-31 26.63 -0.31 6.22
2017-12-31 26.92 8.84 0.71
2017-09-30 31.63 -3.32 0.98
2017-06-30 31.83 -0.88 5.71
2017-03-31 31.70 -4.45 3.58
2016-12-31 31.23 10.22 4.06
2016-09-30 23.93 10.76 6.69
2016-06-30 23.17 -0.74 4.57
2016-03-31 22.79 -0.90 4.52
2015-12-31 22.84 -0.11 4.62
2015-09-30 21.53 -1.95 1.80
2015-06-30 21.73 1.80 1.98
2015-03-31 21.69 4.96 2.41
2014-12-31 21.03 3.00 1.88
2013-12-31 20.42 26.77 5.00
2012-12-31 21.55 7.51 4.64

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Associated Capital Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Associated Capital Group has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Associated Capital Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Associated Capital Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Associated Capital Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AC Health

 How is Associated Capital Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Associated Capital Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Associated Capital Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Associated Capital Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Associated Capital Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Associated Capital Group has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Associated Capital Group Company Filings, last reported 3 months ago.

NYSE:AC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 916.05 0.00 409.56
2018-09-30 974.94 0.00 348.89
2018-06-30 963.24 0.00 273.77
2018-03-31 938.40 0.00 283.97
2017-12-31 964.38 0.00 655.71
2017-09-30 940.33 0.00 582.28
2017-06-30 891.01 0.00 540.42
2017-03-31 885.88 0.00 545.51
2016-12-31 878.25 0.00 566.04
2016-09-30 902.07 0.00 553.19
2016-06-30 758.91 0.00 430.24
2016-03-31 769.44 0.00 430.71
2015-12-31 758.42 0.00 445.00
2015-09-30 636.83 0.00 496.52
2015-06-30 660.32 0.00 511.77
2015-03-31 631.03 0.00 479.79
2014-12-31 652.56 16.00 504.76
2013-12-31 503.48 0.00 386.04
2012-12-31
  • Associated Capital Group has no debt.
  • Associated Capital Group had no debt 5 years ago.
  • Associated Capital Group has no debt, it does not need to be covered by operating cash flow.
  • Associated Capital Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Associated Capital Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Associated Capital Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AC Dividends

 What is Associated Capital Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.49%
Current annual income from Associated Capital Group dividends.
If you bought $2,000 of Associated Capital Group shares you are expected to receive $10 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Associated Capital Group's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Associated Capital Group's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:AC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:AC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
NYSE:AC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-08 0.200 0.496
2018-11-07 0.200 0.498
2018-05-08 0.200 0.514
2018-03-09 0.200 0.545
2018-02-21 0.200 0.560
2017-11-07 0.200 0.578
2017-08-04 0.200 0.566
2017-08-03 0.200 0.600
2017-05-03 0.200 0.592
2017-05-02 0.200 0.593
2016-11-09 0.200 0.568
2016-11-04 0.200 0.595
2016-08-05 0.200 0.600
2016-05-13 0.200 0.674
2016-03-24 0.200 0.674
2016-02-18 0.100 0.359

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Associated Capital Group is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Associated Capital Group is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Associated Capital Group's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Associated Capital Group's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Associated Capital Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Associated Capital Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Associated Capital Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AC Management

 What is the CEO of Associated Capital Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Doug Jamieson
COMPENSATION $1,337,269
AGE 64
TENURE AS CEO 2.4 years
CEO Bio

Mr. Douglas Richard Jamieson, also known as Doug, serves as a President, Chief Executive Officer and Director at Gabelli & Company Investment Advisers, Inc.. Mr. Douglas Richard Jamieson has been the Chief Executive Officer and President at Associated Capital Group, Inc. since November 10, 2016. Mr. Jamieson serves as the President and Director of Gabelli Securities, Inc. and an Executive Vice President at Gabelli Multimedia Partners, L.P. He joined GAMCO in 1981. He serves as the President and Director of GAMCO Asset Management (UK) Ltd. He has been the President at GAMCO Asset Management, Inc. since 2004 and as its Chief Operating Officer and Managing Director and Director since 1991 and was previously Executive Vice President from 1986 to 2004 and Investment Analyst from 1981 to 1986. He served as the President and Chief Operating Officer at GAMCO Investors, Inc. from August 23, 2004 to November 10, 2016. Previously, he was a Securities Analyst at Gabelli & Company, Inc. from 1981 to 1986. Mr. Jamieson serves as Executive Director of Gabelli Value For Italy S.P.A. He has been a Director of Associated Capital Group, Inc. since May 3, 2017. He has been a Director of Gabelli Group Capital Partners, Inc. since December 2005 and a Director of GGCP, Inc. Previously, he served on the Board of Teton from 2005 to 2010 and as a Director of Teton Advisors, Inc. since 1998. Mr. Jamieson was an Advisor to the Board of GGCP till 2010 and was previously a Director from December 2005 to December 2009. He has earned an M.B.A. in Finance and Accounting from the Columbia Business School in 1982 and a B.A. from Bucknell University.

CEO Compensation
  • Doug's compensation has increased whilst company is loss making.
  • Doug's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Associated Capital Group management team in years:

2.4
Average Tenure
61
Average Age
  • The tenure for the Associated Capital Group management team is about average.
Management Team

Mario Gabelli

TITLE
Executive Chairman of the Board
COMPENSATION
$1M
AGE
75

Doug Jamieson

TITLE
President
COMPENSATION
$1M
AGE
64
TENURE
2.4 yrs

Kevin Handwerker

TITLE
Executive VP
COMPENSATION
$268K
AGE
61
TENURE
3.3 yrs

Ken Masiello

TITLE
Chief Accounting Officer
TENURE
0.1 yrs

Marc Gabelli

TITLE
Executive Director
COMPENSATION
$871K
AGE
50

Agnes Mullady

TITLE
Executive Vice President
AGE
59
TENURE
2.4 yrs
Board of Directors Tenure

Average tenure and age of the Associated Capital Group board of directors in years:

2.7
Average Tenure
64
Average Age
  • The average tenure for the Associated Capital Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Doug Jamieson

TITLE
President
COMPENSATION
$1M
AGE
64
TENURE
1.9 yrs

Salvatore Sodano

TITLE
Vice Chairman
COMPENSATION
$121K
AGE
62
TENURE
3.4 yrs

Mario Gabelli

TITLE
Executive Chairman of the Board
COMPENSATION
$1M
AGE
75
TENURE
3.4 yrs

Marc Gabelli

TITLE
Executive Director
COMPENSATION
$871K
AGE
50
TENURE
0.9 yrs

Richard Bready

TITLE
Director
COMPENSATION
$119K
AGE
73

Bruce Lisman

TITLE
Director
COMPENSATION
$107K
AGE
71
TENURE
3.4 yrs

Dan Lee

TITLE
Director
COMPENSATION
$89K
AGE
61

Fred Salerno

TITLE
Lead Independent Director
COMPENSATION
$79K
AGE
74

Elisa Wilson

TITLE
Director
AGE
45
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Dec 18 Buy GAMCO Investors, Inc. Company 12. Dec 18 13. Dec 18 2,098 $33.92 $70,294
X
Management checks
We assess Associated Capital Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Associated Capital Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AC News

Simply Wall St News

What Are The Drivers Of Associated Capital Group Inc's (NYSE:AC) Risks?

For Associated Capital Group Inc’s (NYSE:AC) shareholders, and also potential investors in the stock, understanding how the stock’s risk and return characteristics can impact your portfolio is important. … Check out our latest analysis for Associated Capital Group An interpretation of AC's beta With a five-year beta of 0.7, Associated Capital Group appears to be a less volatile company compared to the rest of the market. … Based on this beta value, AC appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market.

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Was Associated Capital Group Inc's (NYSE:AC) Earnings Decline A Part Of Broader Industry Downturn?

Assessing Associated Capital Group Inc's (NYSE:AC) past track record of performance is a valuable exercise for investors. … View our latest analysis for Associated Capital Group How Did AC's Recent Performance Stack Up Against Its Past? … Though Associated Capital Group's past data is helpful, it is only one aspect of my investment thesis.

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AC Company Info

Description

Associated Capital Group, Inc. provides investment advisory and asset management services in the United States. It offers alternative investment management, institutional research, and underwriting services. The company was founded in 2015 and is headquartered in Rye, New York.

Details
Name: Associated Capital Group, Inc.
AC
Exchange: NYSE
Founded: 2015
$921,479,556
22,579,749
Website: http://www.associated-capital-group.com
Address: Associated Capital Group, Inc.
One Corporate Center,
Rye,
New York, 10580,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE AC Class A Common Shares New York Stock Exchange US USD 10. Nov 2015
Number of employees
Current staff
Staff numbers
62
Associated Capital Group employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 00:34
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2017/02/09
Last earnings filing: 2019/03/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.