Associated Capital sees 2Q23 Book Value of $41.35-$41.55/Share
Portfolio Pulse from Benzinga Newsdesk
Associated Capital (AC) reported its 2Q23 book value to be between $41.35 and $41.55 per share. The company's assets under management were $1.55 billion at the end of June 2023, down from $1.80 billion a year earlier.
July 11, 2023 | 5:36 am
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Associated Capital's book value for 2Q23 is between $41.35 and $41.55 per share. However, its assets under management have decreased from $1.80 billion to $1.55 billion YoY.
The decrease in assets under management could indicate a loss of clients or poor performance, which may negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100