Associated Capital Group, Inc. (NYSE:AC - Get Free Report) shares fell 4.1% during mid-day trading on Monday . The company traded as low as $35.80 and last traded at $35.80. 336 shares traded hands during trading, a decline of 95% from the average session volume of 6,249 shares. The stock had previously closed at $37.33.
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.
Read Our Latest Stock Analysis on Associated Capital Group
Associated Capital Group Stock Down 1.6 %
The stock's 50 day moving average is $36.59 and its two-hundred day moving average is $34.44. The company has a market capitalization of $780.36 million, a PE ratio of 13.97 and a beta of 0.87.
Associated Capital Group Dividend Announcement
The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.10 dividend. The ex-dividend date is Thursday, December 5th. This represents a yield of 0.6%. Associated Capital Group's dividend payout ratio is presently 7.60%.
Hedge Funds Weigh In On Associated Capital Group
A number of large investors have recently added to or reduced their stakes in AC. Quent Capital LLC acquired a new position in shares of Associated Capital Group during the third quarter valued at about $240,000. Geode Capital Management LLC boosted 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 buying an additional 4,841 shares during the last quarter. Renaissance Technologies LLC boosted its position in Associated Capital Group by 3.3% in 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. Finally, Dynamic Advisor Solutions LLC boosted 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 buying an additional 298 shares during the last quarter. 8.14% of the stock is currently owned by 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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