Associated Capital Q2 net income triples, sets share buyback plan
Overview
Associated Capital Q2 net income rises sharply to $18.6 mln from $3.0 mln
Assets under management increased to $1.34 bln at June 30, 2025
Board authorizes repurchase of up to 150,000 additional shares
Outlook
Company expects vibrant M&A activity for the rest of the year, helping merger arbitrage investing
Result Drivers
MERGER ARBITRAGE - Strong returns from merger arbitrage strategy contributed significantly to Q2 results
AUM INCREASE - AUM rose due to market appreciation, currency fluctuations, and net inflows
NON-OPERATING INCOME - Surge in net investment and other non-operating income driven by merger arbitrage investments and dividend income
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $2.21 mln |
|
Q2 EPS |
| $0.88 |
|
Q2 Net Income |
| $18.58 mln |
|
Q2 Adjusted Operating Income |
| -$5.22 mln |
|
Q2 AUM Average |
| $1.30 bln |
|
Press Release: ID:nGNX3ZxW9y
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