Shares of Associated Capital Group, Inc. (NYSE:AC - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $36.74, but opened at $35.67. Associated Capital Group shares last traded at $35.67, with a volume of 989 shares trading hands.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of Associated Capital Group from a "buy" rating to a "hold" rating in a report on Friday.
Get Our Latest Analysis on Associated Capital Group
Associated Capital Group Trading Down 2.8 %
The firm has a market capitalization of $758.16 million, a price-to-earnings ratio of 13.56 and a beta of 0.87. The firm's 50-day moving average is $36.61 and its 200 day moving average is $34.46.
Associated Capital Group Announces Dividend
The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.10 per share. This represents a dividend yield of 0.6%. The ex-dividend date is Thursday, December 5th. Associated Capital Group's dividend payout ratio (DPR) is 7.60%.
Hedge Funds Weigh In On Associated Capital Group
Several institutional investors have recently made changes to their positions in AC. Renaissance Technologies LLC increased 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 in the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Associated Capital Group by 2.4% during the third 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 in the last quarter. Quent Capital LLC bought a new stake in shares of Associated Capital Group during the third quarter worth about $240,000. Finally, Geode Capital Management LLC raised its holdings in shares of 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 worth $776,000 after acquiring an additional 4,841 shares during the last quarter. Institutional investors and hedge funds own 8.14% of the company's stock.
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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