---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-025092"
form_type: "8-K"
ticker: "ACGP"
cik: "0001642122"
company_name: "Associated Capital Group, Inc."
filed_at: "2025-08-06T23:59:59+00:00"
generated_at: "2026-05-17T19:31:50.794522+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Associated Capital Q2 net income $18.6M ($0.88 EPS), merger arbitrage gross return +5.45%

## Summary
- Net income of $18.6M vs $3.0M in Q2 2024; EPS $0.88 vs $0.14.
- Merger arbitrage strategy gross return +5.45% (+4.19% net); first-half gross return +9.43%.
- AUM $1.34B at June 30, 2025, up from $1.27B at March 31, 2025.
- Book value per share $43.30 vs $42.51 at prior quarter end.
- Board authorized repurchase of up to 150,000 additional Class A shares.

## SEC filing metadata
- accession: 0001437749-25-025092
- form_type: 8-K
- ticker: ACGP
- cik: 0001642122
- company_name: Associated Capital Group, Inc.
- filed_at: 2025-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1642122/000143774925025092/0001437749-25-025092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1642122/000143774925025092/ac20250519c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-025092
- JSON: https://secwatch.observer/filing/0001437749-25-025092.json
- Plain text: https://secwatch.observer/filing/0001437749-25-025092.txt

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