Associated Capital Group Inc
associated-capital-group.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q2 FY2025 10-Q, filed Aug 7, 2025. Its latest SEC filing is a 4 from Mar 3, 2026.
10-Q for Q2 FY2025, filed Aug 7, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Manages investment funds and separate accounts for private wealth and institutional investors, investing around announced mergers and company events; also invests directly in small and mid-sized businesses.
10-K for FY2024, filed Mar 19, 2025We conduct our investment management activities through our wholly-owned subsidiary Gabelli & Company Investment Advisers, Inc. (“GCIA”)…View ↗
We manage assets on a discretionary basis and invest in a variety of U.S. and foreign securities mainly in the developed global markets. We…View ↗
In merger arbitrage, the goal is to earn absolute positive returns. We introduced our first limited partnership, Gabelli Arbitrage (renamed…View ↗
Our direct investing efforts are organized to invest in growth capital, leveraged buyouts and restructurings, with an emphasis on small and…View ↗
How Did They Make Money?
Investment fund and account clients pay asset-based management fees monthly in advance; performance fees depend on investment returns and are generally charged at the end of the measurement period or when an investor redeems.
10-K for FY2024, filed Mar 19, 2025Asset-based advisory fees – The Company receives a management fee, payable monthly in advance based on value of the net assets of the…View ↗
Performance-based advisory fees – Certain client contracts call for additional fees and or allocations of income tied to a certain…View ↗
The Company reserves the right to waive or reduce asset-based and performance-based fees with respect to certain investors in the…View ↗
$13.2M
-
10-K for FY2024, filed Mar 19, 2025
$13.2M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Investment Advice
Recurring
10-K for FY2024, filed Mar 19, 2025 |
97%
FY2021: 98%
|
Investment Advice, FY2024
$12.8M Sources
|
Recurring |
|
Financial Service, Other
|
3.2%
FY2021: 1.9%
|
Financial Service, Other, FY2024
$420K Sources
|
Who Were Their Customers?
Serves private wealth and institutional investors, including corporations, pension plans, foundations and endowments, through investment funds and separately managed accounts; it also sub-advises third-party funds.
10-K for FY2024, filed Mar 19, 2025We conduct our investment management activities through our wholly-owned subsidiary Gabelli & Company Investment Advisers, Inc. (“GCIA”)…View ↗
We manage assets on a discretionary basis and invest in a variety of U.S. and foreign securities mainly in the developed global markets. We…View ↗
Investment advisory and incentive fees. The Company and its subsidiaries act as general partner, investment manager or sub-advisor to…View ↗
Did Revenues Turn Into Profits?
Yes. Its net income in FY2024 was larger than its revenue.
10-K for FY2024, filed Mar 19, 2025
How Were They Changing?
10-Q for Q2 FY2025, filed Aug 7, 2025
Open tableView ↗
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Aug 15, 2025
Plans to delist shares from NYSE and deregister
It plans to seek an OTCQX quotation and suspend or end its Exchange Act reporting obligations.
Sources
8-K, filed Aug 15, 2025
On August 15, 2025, Associated Capital Group, Inc. (“AC” or the “Company”) announced that it has given formal notice to the New York Stock…View ↗
Shrank. Revenue fell 31% in 4 years, from $19M in FY2020 to $13.2M in FY2024, about 9% a year.
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