Associated Capital Q3 2022 net loss $16.5M, EPS -$0.75; AUM $1.75B

Associated Capital Group, Inc.

2022-Q3 EPS reported -$2.84 revenue$7,690,000

Revenue $2.6M (+$0.5M YoY); operating loss widened to $3.1M from $0.2M.
Book value per share $39.96 vs $42.24 a year ago; AUM down $29M from Dec 2021.
Merger arbitrage fund gross return +3.07% in Q3; net return +2.10%.
Board declared $0.10 semi-annual dividend payable Dec 15, 2022.
Approved up to $3.3M for shareholder-designated charitable contributions.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Associated Capital Group, Inc. reported the quarter ended September 30, 2022 results: revenue $2.6 million, net income ($16,498 thousand), EPS $ (0.75) per diluted share.

Period: the quarter ended September 30, 2022
Revenue: $2.6 million
Net income: ($16,498 thousand)
EPS: $ (0.75) per diluted share
Result: reported results

Exact text from the filing

on by rising interest rates, geo-political factors, and accelerating inflation which negatively impacted book value per share. 1 Third Quarter Results Third quarter revenues of $ 2.6 million were $ 0.5 million higher than revenues in the third quarter of 2021 based on higher average AUM in 2022 . Total operating expenses, excluding management fee expense, were $ 5.7

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Associated Capital Group, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-22-027071

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