---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-027071"
form_type: "8-K"
ticker: "ACGP"
cik: "0001642122"
company_name: "Associated Capital Group, Inc."
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T20:27:04.117963+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-22-027071
- form_type: 8-K
- ticker: ACGP
- cik: 0001642122
- company_name: Associated Capital Group, Inc.
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1642122/000143774922027071/0001437749-22-027071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1642122/000143774922027071/ac20220812_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-027071
- JSON: https://secwatch.observer/filing/0001437749-22-027071.json
- Plain text: https://secwatch.observer/filing/0001437749-22-027071.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1642122/000143774922027071/0001437749-22-027071-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.