Shares of Associated Capital Group, Inc. (NYSE:AC - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 831 shares were traded during trading, a decline of 50% from the previous session's volume of 1,666 shares.The stock last traded at $34.81 and had previously closed at $35.35.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Associated Capital Group from a "buy" rating to a "hold" rating in a report on Friday, December 13th.
Check Out Our Latest Research Report on Associated Capital Group
Associated Capital Group Stock Down 0.4 %
The company has a 50-day moving average of $35.94 and a 200 day moving average of $34.57. The firm has a market capitalization of $747.54 million, a PE ratio of 13.38 and a beta of 0.87.
Associated Capital Group Announces Dividend
The business also recently announced a Semi-Annual dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a yield of 0.6%. Associated Capital Group's dividend payout ratio (DPR) is presently 7.60%.
Hedge Funds Weigh In On Associated Capital Group
A number of large investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its stake in shares of Associated Capital Group by 3.3% during the second quarter. Renaissance Technologies LLC now owns 24,700 shares of the financial services provider's stock valued at $840,000 after buying an additional 800 shares during the last quarter. Dynamic Advisor Solutions LLC grew its position in Associated Capital Group by 2.4% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 12,675 shares of the financial services provider's stock worth $449,000 after acquiring an additional 298 shares during the last quarter. Quent Capital LLC purchased a new position in Associated Capital Group in the 3rd quarter worth approximately $240,000. JPMorgan Chase & Co. lifted its position in Associated Capital Group by 11,616.7% in the third quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 697 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Associated Capital Group by 28.4% in the third 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 last quarter. 8.14% of the stock is owned by hedge funds and other institutional investors.
Associated Capital Group Company Profile
(
Get Free Report)
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.
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