Associated Capital Group, Inc. (NYSE:AC) Major Shareholder Mario J. Gabelli Acquires 352 Shares of Stock

Associated Capital Group, Inc. (NYSE:AC - Get Free Report) major shareholder Mario J. Gabelli acquired 352 shares of the firm's stock in a transaction dated Friday, October 11th. The shares were purchased at an average price of $41.50 per share, with a total value of $14,608.00. Following the completion of the transaction, the insider now owns 25,152 shares of the company's stock, valued at $1,043,808. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Associated Capital Group Stock Performance

Shares of NYSE AC traded up $1.10 during trading on Tuesday, hitting $37.96. 21,777 shares of the company traded hands, compared to its average volume of 5,764. The firm has a market capitalization of $812.38 million, a price-to-earnings ratio of 24.53 and a beta of 0.88. The business's fifty day moving average is $33.75 and its 200 day moving average is $33.28. Associated Capital Group, Inc. has a fifty-two week low of $28.58 and a fifty-two week high of $38.69.

Associated Capital Group (NYSE:AC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter. Associated Capital Group had a return on equity of 3.65% and a net margin of 246.48%. The business had revenue of $2.60 million for the quarter.

Associated Capital Group Increases Dividend

The firm also recently declared a None dividend, which will be paid on Monday, November 4th. Shareholders of record on Monday, October 21st will be paid a dividend of $2.00 per share. The ex-dividend date is Monday, October 21st. This is a positive change from Associated Capital Group's previous None dividend of $0.10. Associated Capital Group's payout ratio is 12.90%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. OFI Invest Asset Management purchased a new position in shares of Associated Capital Group during the second quarter valued at approximately $1,244,000. Quent Capital LLC purchased a new stake in shares of Associated Capital Group in the first quarter valued at about $222,000. Renaissance Technologies LLC raised its holdings in shares of 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 purchasing an additional 800 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted 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 valued at $449,000 after purchasing an additional 298 shares in the last quarter. 8.14% of the stock is owned by institutional investors.

About Associated Capital Group

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.