8-K
filed February 9, 2024, 6:59 PM ET
ticker ACGP
CIK 0001642122
earnings
confidence high
sentiment positive
materiality 0.75
Associated Capital Q4 net income $16.3M ($0.76 EPS); book value $42.11; additional 350K share buyback authorized
Associated Capital Group, Inc.
2023-FY EPS reported
$1.72
revenue$12,683,000
- Full year 2023 net income $37.5M ($1.72 diluted EPS) vs loss of $48.9M ($2.22 loss) in 2022; revenue down 17% to $12.7M.
- Book value $42.11 per share (+4% YoY); AUM $1.59B, down 13.6% from $1.84B, reflecting $325M net outflows.
- Board authorized repurchase of up to 350K additional shares; YTD repurchased 452,688 Class A shares for $16.3M.
- Merger arbitrage strategy net return 3.56% in 2023; positive net returns in 37 of last 39 years.
- Semi-annual dividend $0.10 per share paid Dec 14; total shareholder returns of $208.8M since 2015 spin-off.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Associated Capital Group, Inc. reported Fourth quarter 2023 results: revenue $5.6 million, net income $16.3 million, EPS $0.76 per share.
- Period
- Fourth quarter 2023
- Revenue
- $5.6 million
- Net income
- $16.3 million
- EPS
- $0.76 per share
- Result
- reported results
Exact text from the filing
, book value was $ 42.11 per share versus $41.43 per share at September 30, 2023 and $40.48 per share at December 31, 2022. Fourth Quarter Results Fourth quarter revenues were $5.6 million compared to $7.5 million for the fourth quarter of 2022, based on lower average AUM and lower performance-based fees in 2023. Total operating expenses, excluding management fee,
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Associated Capital Group, Inc. reported Full year 2023 results: revenue $12.7 million, net income $37.5 million, EPS $1.72 per share.
- Period
- Full year 2023
- Revenue
- $12.7 million
- Net income
- $37.5 million
- EPS
- $1.72 per share
- Result
- reported results
Exact text from the filing
provision for income taxes was $5.6 million for the quarter compared to $2.9 million in the comparable period of 2022. Full Year Results Revenues for the year-ended 2023 were $12.7 million compared to $15.2 million in 2022, based on lower average AUM and lower performance-based fees in 2023. For 2023, the operating loss before Management fee was $11.5 million
View on SEC.gov
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