Associated Capital reports Q1 net income of $0.81/diluted share; book value per share $41.30

Associated Capital Group, Inc.

2023-Q1 EPS reported $0.81 revenue$2,465,000

Net income $17.8M ($0.81 diluted EPS) vs loss of $16.2M ($0.73 loss) in Q1 2022.
Revenue $2.5M roughly flat YoY; operating loss before mgmt fee improved to ($2.6M) from ($3.3M).
AUM $1.80B at March 31, 2023, down from $1.84B at year-end 2022 due to net outflows of $55M.
Book value per share $41.30, up from $40.48 at Dec 31, 2022 but down from $41.72 a year ago.
Board declared semi-annual dividend $0.10/share, payable June 29, 2023; repurchased 52,307 Class A shares for $1.9M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Associated Capital Group, Inc. reported the first quarter ended March 31, 2023 results: revenue $2.5 million, net income 17,754, EPS 0.81.

Period: the first quarter ended March 31, 2023
Revenue: $2.5 million
Net income: 17,754
EPS: 0.81
Result: reported results

Exact text from the filing

swing in AC's investments, other than investments in the merger arbitrage funds, reflects market decline in Q1 2022. 1 First Quarter Results First quarter revenues were $ 2.5 million, roughly the same as revenues in the first quarter of 2022 . Total operating expenses, excluding management fee expense, were $ 5.1 million compared to $ 5.9 million in the

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Associated Capital Group, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-014220

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