---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-031694"
form_type: "8-K"
ticker: "ACGP"
cik: "0001642122"
company_name: "Associated Capital Group, Inc."
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T05:14:43.580980+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Associated Capital Q3: book value $41.43; net loss narrows to $16K from $16.5M

## Summary
- Book value per share $41.43 at Sep 30, 2023, up from $39.96 a year ago.
- AUM $1.59B, down $254M from year-end 2022 on net outflows of $259M and currency impact.
- Revenue $2.2M (-14% YoY); net loss improved to -$16K from -$16.5M in Q3 2022.
- Declared $0.10/share semi-annual dividend, payable Dec 14, 2023; repurchased 103K Class A shares for $3.8M.
- Investment and other non-operating income turned to $3.8M gain vs $17.8M loss year ago.

## SEC filing metadata
- accession: 0001437749-23-031694
- form_type: 8-K
- ticker: ACGP
- cik: 0001642122
- company_name: Associated Capital Group, Inc.
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1642122/000143774923031694/0001437749-23-031694-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1642122/000143774923031694/ac20230816_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-031694
- JSON: https://secwatch.observer/filing/0001437749-23-031694.json
- Plain text: https://secwatch.observer/filing/0001437749-23-031694.txt

## Key facts
- Earnings Releases
  Associated Capital Group, Inc. reported the third quarter ended September 30, 2023 results: revenue $2.2 million, net income $(16), EPS $0.00.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $2.2 million
  - Net income: $(16)
  - EPS: $0.00
  - Result: reported results
  source text: to date positive change reflects market appreciation in the current period versus a decline in the first nine months of 2022. Third Quarter Results Third quarter revenues were $ 2.2 million compared to $ 2.6 million in the third quarter of 2022 . Total operating expenses, excluding management fee, were $ 5.7 million in the third quarter 2023 and $5.7 million in the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1642122/000143774923031694/0001437749-23-031694-index.htm

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