GREENWICH, Conn. (AP) — GREENWICH, Conn. (AP) — Associated Capital Group Inc. (AC) on Wednesday reported fourth-quarter profit of $13.7 million.
The Greenwich, Connecticut-based company said it had profit of 62 cents per share.
The asset manager posted revenue of $7.5 million in the period.
For the year, the company reported a loss of $48.9 million, or $2.22 per share, swinging to a loss in the period. Revenue was reported as $15.2 million.
Associated Capital shares have dropped 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $36.19, a decline of 13% 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