earnings
confidence high
sentiment neutral
materiality 0.70
Associated Capital Q2 net income $29.7M ($1.34 EPS); book value record $42.21; AUM $1.6B
Associated Capital Group, Inc.
2021-Q2 EPS reported
$2.18
revenue$4,814,000
- Net income of $29.7M ($1.34 diluted EPS) vs $35.2M ($1.57) in Q2 2020.
- Book value per share record $42.21, up from $41.22 at March 31, 2021.
- AUM $1.61B, increase of $260M from Dec 2020; event merger arbitrage AUM $1.36B.
- Operating loss $10.4M, widened from $3.7M loss in Q2 2020 on higher management fee expense.
- Repurchased 54,000 shares for $1.9M during Q2; semi-annual dividend $0.10 paid June 29.