---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-034226"
form_type: "8-K"
ticker: "ACGP"
cik: "0001642122"
company_name: "Associated Capital Group, Inc."
filed_at: "2024-11-08T23:59:59+00:00"
generated_at: "2026-05-30T02:50:58.034306+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Associated Capital posts Q3 net income $23.2M, EPS $1.09; AUM drops to $1.34B; declares $2 special dividend

## Summary
- Net income $23.2M ($1.09 EPS) vs net loss $16K in Q3 2023; revenue $2.4M, up from $2.2M.
- AUM $1.34B at Sep 30, 2024, down from $1.59B YoY; net outflows $288M partly offset by $41M market gains.
- Investment and other non-operating income surged to $37.2M from $3.8M, aided by $2 special dividend from GAMCO Investors stake.
- Board declared $2.00 special dividend (paid Nov 4) and $0.10 semi-annual dividend (payable Dec 19); $45.9M returned to shareholders in Q3.
- Merger Arbitrage fund gross return 4.88% (net 3.80%) in Q3; YTD gross 4.82% (net 3.23%).

## SEC filing metadata
- accession: 0001437749-24-034226
- form_type: 8-K
- ticker: ACGP
- cik: 0001642122
- company_name: Associated Capital Group, Inc.
- filed_at: 2024-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1642122/000143774924034226/0001437749-24-034226-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1642122/000143774924034226/ac20240809_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-034226
- JSON: https://secwatch.observer/filing/0001437749-24-034226.json
- Plain text: https://secwatch.observer/filing/0001437749-24-034226.txt

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