Associated Capital Group (NYSE:AC) Sees Strong Trading Volume - Still a Buy?

Associated Capital Group, Inc. (NYSE:AC - Get Free Report) shares saw strong trading volume on Tuesday . 2,674 shares traded hands during trading, an increase of 4% from the previous session's volume of 2,578 shares.The stock last traded at $35.10 and had previously closed at $34.91.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Associated Capital Group from a "buy" rating to a "hold" rating in a research note on Friday, December 13th.

Associated Capital Group Stock Down 0.1 %

The company has a market cap of $740.75 million, a price-to-earnings ratio of 13.26 and a beta of 0.87. The business has a 50-day simple moving average of $35.86 and a two-hundred day simple moving average of $34.59.

Associated Capital Group Announces Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, December 5th. This represents a yield of 0.6%. Associated Capital Group's payout ratio is currently 7.60%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AC. Dynamic Advisor Solutions LLC increased its position in Associated Capital Group by 2.4% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 12,675 shares of the financial services provider's stock worth $449,000 after buying an additional 298 shares during the period. JPMorgan Chase & Co. increased its position in Associated Capital Group by 11,616.7% during the third quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider's stock worth $25,000 after acquiring an additional 697 shares during the period. Renaissance Technologies LLC raised its stake in Associated Capital Group by 3.3% during the 2nd quarter. Renaissance Technologies LLC now owns 24,700 shares of the financial services provider's stock valued at $840,000 after purchasing an additional 800 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Associated Capital Group by 28.4% in the 3rd quarter. Geode Capital Management LLC now owns 21,914 shares of the financial services provider's stock valued at $776,000 after purchasing an additional 4,841 shares during the period. Finally, Quent Capital LLC bought a new stake in Associated Capital Group in the 3rd quarter valued at $240,000. 8.14% of the stock is currently owned by institutional investors and hedge funds.

Associated Capital Group Company Profile

Associated Capital Group, Inc, together with its subsidiaries, provides investment advisory services in the United States. The company offers alternative investment management services; and operates a direct investment business. It also invests in new and existing businesses. The company was founded in 1976 and is headquartered in Greenwich, Connecticut.