Associated Capital Group, Inc. (NYSE:AC - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $43.10, but opened at $37.50. Associated Capital Group shares last traded at $39.74, with a volume of 10,993 shares traded.
Associated Capital Group Trading Down 5.1 %
The company has a market capitalization of $832.71 million, a PE ratio of 25.10 and a beta of 0.88. The company has a fifty day simple moving average of $34.43 and a 200-day simple moving average of $33.54.
Associated Capital Group (NYSE:AC - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $2.60 million during the quarter. Associated Capital Group had a net margin of 246.48% and a return on equity of 3.65%.
Associated Capital Group Increases Dividend
The firm also recently disclosed a None dividend, which will be paid on Monday, November 4th. Investors of record on Monday, October 21st will be given a $2.00 dividend. This is a positive change from Associated Capital Group's previous None dividend of $0.10. The ex-dividend date is Monday, October 21st. Associated Capital Group's dividend payout ratio is presently 12.90%.
Institutional Trading of Associated Capital Group
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Quent Capital LLC purchased a new position in shares of Associated Capital Group during the first quarter worth $222,000. OFI Invest Asset Management purchased a new position in Associated Capital Group during the 2nd quarter valued at about $1,244,000. Renaissance Technologies LLC boosted its holdings 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 acquiring an additional 800 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its position 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 acquiring an additional 298 shares in the last quarter. 8.14% of the stock is currently owned by hedge funds and other institutional investors.
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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