secwatch.observer — SEC 8-K summary
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Issuer:     Associated Capital Group, Inc. (ACGP)
CIK:        0001642122
Form:       8-K
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0001437749-23-003183
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Associated Capital Q4 net income $13.7M ($0.62 EPS); full year net loss $48.9M as investments decline
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- Full year revenue $15.2M, down 27% YoY from $20.9M on lower incentive fees.
- Operating loss $11.3M for 2022 vs $19.1M in 2021; improved on lower compensation.
- AUM record $1.84B at year-end, up from $1.78B, with net inflows of $100M for the year.
- Merger arbitrage fund gross return +4.47% (net +2.75%) in 2022; positive net returns 36 of last 38 years.
- Book value per share $40.48 at Dec 31, 2022 vs $42.48 a year ago; dividends and buybacks continue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1642122/000143774923003183/0001437749-23-003183-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1642122/000143774923003183/ac20221117_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-003183

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer