Associated Capital posts 3Q profit

RYE, N.Y. (AP) _ Associated Capital Group Inc. (AC) on Monday reported third-quarter profit of $1.5 million.

The Rye, New York-based company said it had net income of 6 cents per share.

The asset manager posted revenue of $5.2 million in the period.

Associated Capital shares have risen 14 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $37.45, a rise of 13 percent in the last 12 months.

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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