secwatch.observer — SEC 8-K summary
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Issuer:     Associated Capital Group, Inc. (ACGP)
CIK:        0001642122
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001437749-24-025564
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1642122/000143774924025564/0001437749-24-025564-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1642122/000143774924025564/ac20240618_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-025564

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