---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-002919"
form_type: "8-K"
ticker: "ACGP"
cik: "0001642122"
company_name: "Associated Capital Group, Inc."
filed_at: "2025-02-05T23:59:59+00:00"
generated_at: "2026-05-27T02:45:06.042836+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# AC reports Q4 net income $0.20/sh, full-year EPS $2.08; AUM down 22% to $1.25B

## Summary
- Net income Q4 $4.28M ($0.20 EPS); full year $44.33M ($2.08 EPS) vs $1.72 in 2023.
- Year-end AUM $1.25B, down from $1.59B in 2023 on $363M net outflows, $29M currency impact, offset by $49M market appreciation.
- Book value per share $42.14, essentially flat YoY after $2.20/share dividends paid.
- Returned $58.6M ($2.72/share) to shareholders in 2024 via dividends ($46.8M) and share repurchases ($11.8M).
- Sold 1.15M shares of GAMCO for $30.4M; cash and investments $40.78 per share at year-end.

## SEC filing metadata
- accession: 0001437749-25-002919
- form_type: 8-K
- ticker: ACGP
- cik: 0001642122
- company_name: Associated Capital Group, Inc.
- filed_at: 2025-02-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1642122/000143774925002919/0001437749-25-002919-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1642122/000143774925002919/ac20250127_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-002919
- JSON: https://secwatch.observer/filing/0001437749-25-002919.json
- Plain text: https://secwatch.observer/filing/0001437749-25-002919.txt

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