New York, Feb 1, 2026, 09:48 EST — Market closed.
Shares of Andersen Group Inc (ANDG) climbed 4.9% on Friday, closing at $22.45, bouncing back from a 7.9% loss the previous day. With U.S. markets closed over the weekend, the stock is positioned for attention when trading resumes Monday. (Investing)
The San Francisco-based tax and advisory firm went public only in mid-December, raising $176 million at $16 a share on the New York Stock Exchange. CEO Mark Vorsatz said the IPO provides the company with “new currency” to fund acquisitions. The company posted $668.3 million in revenue and $65.7 million in net income for the nine months ending Sept. 30, 2025, down from $144.5 million in net income a year earlier. (Reuters)
The rebound followed a tough day for U.S. stocks, which closed lower as investors absorbed news of Donald Trump’s nomination of former Federal Reserve governor Kevin Warsh to replace Jerome Powell, along with earnings reports and inflation figures. “Markets are calibrating to Trump’s pick of Kevin Warsh,” said Michael Hans, chief investment officer at Citizens Wealth. (Reuters)
A Schedule 13G filing, required for passive investors holding more than 5%, revealed Franklin Resources, Inc. owns 997,468 shares of Andersen Group Inc, representing 7.9% of the class as of Dec. 31. The filing indicated most of the stake is held via Franklin Advisers, Inc., with the Franklin Small Cap Growth Fund reported to have an interest in 844,180 shares. (Andersen Group Inc.)
Friday’s session saw the stock fluctuate from $21.30 up to $23.00, with roughly 226,300 shares exchanging hands, per trading data. (Yahoo Finance)
The company’s prospectus cautioned that the share price might fall once resale restrictions lift and holders of restricted stock start selling or appear ready to do so. It also flagged the possibility of issuing more shares after the offering, which could dilute current shareholders. (SEC)
Wall Street faces a crucial week ahead with a packed earnings schedule and the U.S. jobs report landing Feb. 6, a key data point that could jolt rate forecasts. The Federal Reserve has put its rate cuts on hold, leaving markets jittery over any unexpected moves in inflation or employment. (Reuters)
Andersen Group Inc investors will be watching closely for the next major trigger: the company’s fourth-quarter earnings report set for Feb. 25. (Wsj)
