Associated Capital Q2 net income $3.0M, AUM $1.36B down 12% from year-end

Associated Capital Group, Inc.

2024-Q2 EPS reported $0.78 revenue$5,606,000

Revenue $2.6M up from $2.4M YoY; operating loss before mgmt fee widened to $3.2M from $2.9M.
AUM fell $229M from year-end 2023 due to $195M net outflows, $19M market depreciation, $15M currency impact.
Book value per share $42.87 vs $42.80 at March 31, 2024; net income $0.14 diluted EPS vs $0.15 prior year.
Board approved $0.20/share SDCC ($4.3M) and increased buyback authorization by 200k shares.
Repurchased 65,469 Class A shares for $2.2M in Q2; cumulative shareholder returns $178.5M since 2015.

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