Associated Capital Group, Inc. (NYSE:AC - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $35.36, but opened at $34.26. Associated Capital Group shares last traded at $34.26, with a volume of 184 shares.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Associated Capital Group from a "buy" rating to a "hold" rating in a research note on Friday, December 13th.
Get Our Latest Stock Report on Associated Capital Group
Associated Capital Group Stock Performance
The business has a 50 day moving average of $36.05 and a two-hundred day moving average of $34.53. The firm has a market capitalization of $727.58 million, a price-to-earnings ratio of 13.03 and a beta of 0.87.
Associated Capital Group Announces Dividend
The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a $0.10 dividend. This represents a yield of 0.6%. The ex-dividend date was Thursday, December 5th. Associated Capital Group's payout ratio is currently 7.60%.
Institutional Investors Weigh In On Associated Capital Group
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quent Capital LLC bought a new position in Associated Capital Group during the 3rd quarter valued at $240,000. Geode Capital Management LLC lifted its position in shares of Associated Capital Group by 28.4% during 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 in the last quarter. Renaissance Technologies LLC boosted its holdings 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 purchasing an additional 800 shares during the last quarter. JPMorgan Chase & Co. grew its position in Associated Capital Group by 11,616.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider's stock worth $25,000 after purchasing an additional 697 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its stake 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 valued at $449,000 after buying an additional 298 shares during the last quarter. Institutional investors and hedge funds own 8.14% of the company's stock.
About Associated Capital Group
(
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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