Associated Capital Group (NYSE:AC) Shares Gap Down - Time to Sell?

Associated Capital Group, Inc. (NYSE:AC - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $35.45, but opened at $34.57. Associated Capital Group shares last traded at $35.88, with a volume of 863 shares changing hands.

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 report on Friday, December 13th.

Associated Capital Group Stock Up 1.0 %

The firm has a market cap of $760.50 million, a P/E ratio of 13.62 and a beta of 0.87. The stock's 50-day moving average is $36.51 and its 200-day moving average is $34.50.

Associated Capital Group Announces Dividend

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

Institutional Investors Weigh In On Associated Capital Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Quent Capital LLC acquired a new position in shares of Associated Capital Group in the 3rd quarter worth approximately $240,000. Dynamic Advisor Solutions LLC grew its position in Associated Capital Group by 2.4% in the third quarter. Dynamic Advisor Solutions LLC now owns 12,675 shares of the financial services provider's stock valued at $449,000 after acquiring an additional 298 shares during the period. Geode Capital Management LLC grew 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 acquiring an additional 4,841 shares during the period. Finally, Renaissance Technologies LLC raised its stake in 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 worth $840,000 after acquiring an additional 800 shares in the last quarter. Institutional investors own 8.14% of the company's stock.

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.