Patrick Huvane
Patrick Huvane, the Vice President of Corporate Development, will become Interim CEO.
Highest-materiality recent filing
Associated Capital Group to voluntarily delist from NYSE and deregister with SEC
Board determined burdens of being a public company outweigh advantages, citing cost savings and reduced management demands.
Associated Capital Q2 net income $18.6M ($0.88 EPS), merger arbitrage gross return +5.45%
Net income of $18.6M vs $3.0M in Q2 2024; EPS $0.88 vs $0.14.
Associated Capital Q1 net income falls 44.5% to $7.7M; CEO Jamieson retires, Huvane interim CEO
Net income $7.7M ($0.36 diluted EPS) vs $13.8M ($0.64) in Q1 2024; revenue down 29% to $2.1M.
CEO Douglas R. Jamieson to retire March 17, 2025; Patrick Huvane named Interim CEO
Jamieson retires as CEO and President effective March 17, 2025, remains on Board.
Net income $23.2M ($1.09 EPS) vs net loss $16K in Q3 2023; revenue $2.4M, up from $2.2M.
Associated Capital declares special dividend of $2.00 per share; payable Nov 4
Special cash dividend of $2.00 per share declared, payable Nov 4, 2024 to holders of record Oct 21, 2024.
AC reports Q1 book value $42.80, net income $13.8M, AUM $1.55B
Book value per share $42.80, up from $42.11 at Dec 31, 2023 and $41.30 a year ago.
Full year 2023 net income $37.5M ($1.72 diluted EPS) vs loss of $48.9M ($2.22 loss) in 2022; revenue down 17% to $12.7M.
Associated Capital Q2 net income $3.4M vs loss of $29.9M YoY; EPS $0.15 vs -$1.36
Book value per share $41.41 at June 30, 2023 vs $40.30 a year ago.
Associated Capital reports preliminary Q2 book value $41.35-$41.55, AUM down 14% YoY
Preliminary book value per share range $41.35-$41.55 at June 30, 2023, up from $41.30 at March 31, 2023 and $40.30 a year ago.
Full year revenue $15.2M, down 27% YoY from $20.9M on lower incentive fees.
Associated Capital Q3 2022 net loss $16.5M, EPS -$0.75; AUM $1.75B
Revenue $2.6M (+$0.5M YoY); operating loss widened to $3.1M from $0.2M.
Associated Capital Q2 net loss $29.9M vs year-ago profit; AUM $1.80B
Net loss of $29.9M ($1.36 diluted loss per share) vs net income of $29.7M ($1.34 EPS) in Q2 2021.
Associated Capital reports preliminary Q2 book value $40.20-$40.40, down from $41.72
Preliminary book value range $40.20-$40.40 per share at June 30, 2022.
Associated Capital Q1 net loss $16.2M ($0.73/share); AUM hits record $1.84B
Net loss of $16.2M ($0.73 diluted EPS) vs net income of $18.6M ($0.83) in Q1 2021.
Associated Capital reports record 2021 results: EPS $2.68, AUM $1.78B, book value $42.48
FY2021 net income $59.2M vs $18.8M in 2020; diluted EPS $2.68 vs $0.84 YoY.
Book value per share estimated $42.38-$42.58 at Dec 31, 2021, up from $40.36 a year ago.
Associated Capital Q3 EPS $0.07, book value $42.24; AUM up to $1.7B
Q3 net income $1.5M ($0.07 diluted EPS) vs $5.8M ($0.26) a year ago.
Associated Capital Q2 net income $29.7M ($1.34 EPS); book value record $42.21; AUM $1.6B
Net income of $29.7M ($1.34 diluted EPS) vs $35.2M ($1.57) in Q2 2020.
Patrick Huvane, the Vice President of Corporate Development, will become Interim CEO.
On February 28, 2025, Associated Capital Group, Inc. (the “Company”) announced that Douglas R. Jamieson will be retiring as its Chief Executive Officer and President effective March 17, 2025, and will continue in his role as a Director of the Company.
Patrick Huvane, who has served as interim Co-Chief Financial Officer since July 2022, has been appointed VP of Corporate Development of the Company.
Ian McAdams, previously the interim Co-Chief Financial Officer of the Company, has been named Chief Financial Officer of the Company.
Patrick Huvane, the Chief Financial Officer for affiliate Teton Advisors, Inc., and Ian McAdams, the Company’s Manager of External Reporting and Technical Accounting, will serve as Co-Chief Financial Officers on an interim basis until such time as the Board of Directors has named a successor to Mr. Schott.
On June 14, 2022, Associated Capital Group, Inc. (the “Company”) announced that its Executive Vice President and Chief Financial Officer, Timothy H. Schott, was resigning as an officer and employee of the Company, effective July 8, 2022, to pursue opportunities outside of the Company.
Patrick Huvane, the Chief Financial Officer for affiliate Teton Advisors, Inc., and Ian McAdams, the Company’s Manager of External Reporting and Technical Accounting, will serve as Co-Chief Financial Officers on an interim basis until such time as the Board of Directors has named a successor to Mr. Schott.
Max materiality 0.90 · Median 0.55 · Most common event earnings