RYE, N.Y.--(BUSINESS WIRE)--Associated Capital Group, Inc. (the “Company”) (NYSE:AC) announced today that its Board of Directors initiated a stock buyback program and authorized the repurchase of up to 500,000 shares of its Class A Common Stock at such times, prices and amounts to be determined by the Company.
The Company is a provider of alternative investment advisory services to institutional accounts, investment partnerships, and offshore funds via its majority owned subsidiary Gabelli Securities, Inc. The Company also provides research and brokerage services to institutional clients via its wholly owned subsidiary, G.research LLC. In addition, the Company manages proprietary assets.
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