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Associated Capital Group Inc (AC) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Associated Capital Group Inc (AC) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Associated Capital Group Inc is a diversified global financial services company. It operates in the business of alternative investment management, institutional research services and cash and other assets through subsidiaries. Associated Capital Group Inc has a market cap of $1 billion; its shares were traded at around $44.30 with and P/S ratio of 45.18. The dividend yield of Associated Capital Group Inc stocks is 0.44%.


For the last quarter Associated Capital Group Inc reported a revenue of $8.61 million, compared with the revenue of $11.59 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $22.8 million, a decrease of 15.4% from the previous year. For the last five years Associated Capital Group Inc had an average revenue growth rate of 4.7% a year.

The reported loss per diluted share was $2.52 for the year, compared with the earnings per share of $0.41 in the previous year. The Associated Capital Group Inc had an operating margin of -59.18%, compared with the operating margin of -75.74% a year before. The 10-year historical median operating margin of Associated Capital Group Inc is -60.85%. The profitability rank of the company is 6 (out of 10).

At the end of the fiscal year, Associated Capital Group Inc has the cash and cash equivalents of $409.6 million, compared with $293.1 million in the previous year. The company had no long term debt. Associated Capital Group Inc has a financial strength rank of 7 (out of 10).

At the current stock price of $44.30, Associated Capital Group Inc is traded at 34.5% premium to its historical median P/S valuation band of $32.93. The P/S ratio of the stock is 45.18, while the historical median P/S ratio is 33.57. The stock gained 22.82% during the past 12 months.

For the complete 20-year historical financial data of AC, click here.

This article first appeared on GuruFocus.