U.S. Markets closed

Associated Capital: 4Q Earnings Snapshot

RYE, N.Y. (AP) _ Associated Capital Group Inc. (AC) on Monday reported a fourth-quarter loss of $40.3 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Rye, New York-based company said it had a loss of $1.77.

The asset manager posted revenue of $8.6 million in the period.

For the year, the company reported a loss of $58.1 million, or $2.52 per share, swinging to a loss in the period. Revenue was reported as $22.8 million.

Associated Capital shares have risen 18 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $41.50, an increase of 19 percent 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