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Alpha G Investment Management, Inc. Reports Third Quarter 2025 Results and Reorganization Update
Businesswireยท 2025-11-26 02:45
Core Viewpoint - Alpha G Investment Management, Inc. reported its third quarter 2025 results, highlighting a reorganization, including reincorporation in Wyoming and a name change from Teton Advisors, Inc. to Alpha G Investment Management, Inc. The company is focusing on growth in alternative product structures following the sale of Keeley Teton Advisors assets [2][9][10]. Financial Performance - Average Assets Under Management (AUM) for Q3 2025 were $291 million, down from $368 million in Q3 2024 [3][4]. - Revenues from continued operations were $668,000, a decrease from $838,200 in the same quarter last year [4][8]. - Net income from continued operations was $66,300, or $0.04 per fully diluted share, compared to a net loss of $93,600, or $(0.06) per share, in Q3 2024 [3][8]. - Cash earnings for the current quarter were $125,700, with cash earnings per fully diluted share at $0.08, down from $372,700 and $0.23 respectively in Q3 2024 [3][8]. Reorganization and Strategic Moves - The company completed its reincorporation from Delaware to Wyoming, effective October 13, 2025, and changed its name to Alpha G Investment Management, Inc. [9]. - The sale of Keeley Teton Advisors was finalized on May 1, 2025, with expected total proceeds of at least $11.5 million, of which $5.5 million was received upon closing [10][11]. - The subsidiaries, Teton Advisors, LLC and Keeley Teton Advisors LLC, will continue to operate as registered investment advisors, focusing on growth through alternative structures and products [12]. Investment Strategy - The Board approved an allocation of up to $1.5 million for the development of new alternative products, including hedge funds and venture capital funds [13].