Associated Capital Group, Inc. (NYSE:AC) Shares Sold by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC cut its position in shares of Associated Capital Group, Inc. (NYSE:AC - Free Report) by 3.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 975,128 shares of the financial services provider's stock after selling 36,428 shares during the period. Associated Capital Group comprises 0.5% of Horizon Kinetics Asset Management LLC's portfolio, making the stock its 21st biggest position. Horizon Kinetics Asset Management LLC owned 4.58% of Associated Capital Group worth $34,539,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AC. OFI Invest Asset Management bought a new position in Associated Capital Group in the second quarter worth approximately $1,244,000. Quent Capital LLC purchased a new position in shares of Associated Capital Group in the 1st quarter valued at $222,000. Renaissance Technologies LLC raised its position in shares of Associated Capital Group by 3.3% in the 2nd 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. Finally, Dynamic Advisor Solutions LLC lifted its stake in shares of 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 purchasing an additional 298 shares during the last quarter. 8.14% of the stock is currently owned by hedge funds and other institutional investors.

Associated Capital Group Stock Down 0.6 %

Shares of NYSE AC traded down $0.21 during trading hours on Monday, hitting $36.21. 4,234 shares of the stock were exchanged, compared to its average volume of 6,232. Associated Capital Group, Inc. has a 12 month low of $28.58 and a 12 month high of $43.85. The firm has a fifty day moving average price of $36.10 and a 200-day moving average price of $34.19. The company has a market cap of $769.10 million, a PE ratio of 13.94 and a beta of 0.86.

Associated Capital Group Announces Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a dividend yield of 0.6%. Associated Capital Group's dividend payout ratio is presently 7.60%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Associated Capital Group from a "buy" rating to a "hold" rating in a research note on Tuesday, November 19th.

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.