Associated Capital Group, Inc. (NYSE:AC - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $37.96, but opened at $40.61. Associated Capital Group shares last traded at $37.06, with a volume of 1,357 shares.
Associated Capital Group Trading Up 1.9 %
The stock's 50 day moving average price is $33.86 and its 200 day moving average price is $33.31. The company has a market capitalization of $827.58 million, a price-to-earnings ratio of 25.11 and a beta of 0.88.
Associated Capital Group (NYSE:AC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.14 EPS for the quarter. Associated Capital Group had a net margin of 246.48% and a return on equity of 3.65%. The company had revenue of $2.60 million during the quarter.
Associated Capital Group Increases Dividend
The company also recently announced a None dividend, which will be paid on Monday, November 4th. Stockholders of record on Monday, October 21st will be issued a $2.00 dividend. This is a boost 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 Investors Weigh In On Associated Capital Group
Institutional investors and hedge funds have recently modified their holdings of the company. Quent Capital LLC bought a new position in Associated Capital Group in the 1st quarter valued at about $222,000. Dynamic Advisor Solutions LLC raised its holdings 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 during the period. Renaissance Technologies LLC raised its holdings in 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 valued at $840,000 after acquiring an additional 800 shares during the period. Finally, OFI Invest Asset Management bought a new position in Associated Capital Group in the 2nd quarter valued at about $1,244,000. 8.14% of the stock is 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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