Associated Capital Group, Inc. (NYSE:AC - Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 20,600 shares, an increase of 16.4% from the September 15th total of 17,700 shares. Based on an average trading volume of 6,700 shares, the short-interest ratio is currently 3.1 days. Approximately 0.9% of the company's stock are sold short.
Associated Capital Group Stock Performance
NYSE AC traded up $0.71 during trading on Wednesday, hitting $38.67. The stock had a trading volume of 5,292 shares, compared to its average volume of 5,762. The company has a market capitalization of $827.58 million, a PE ratio of 25.11 and a beta of 0.88. Associated Capital Group has a 12 month low of $28.58 and a 12 month high of $40.61. The company's 50-day moving average price is $33.86 and its two-hundred day moving average price is $33.31.
Associated Capital Group (NYSE:AC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.14 EPS for the quarter. The firm had revenue of $2.60 million for 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 company also recently declared a None dividend, which will be paid on Monday, November 4th. Shareholders of record on Monday, October 21st will be given a dividend of $2.00 per share. 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 12.90%.
Institutional Investors Weigh In On Associated Capital Group
A number of institutional investors and hedge funds have recently modified their holdings of AC. OFI Invest Asset Management bought a new position in Associated Capital Group during the second quarter worth $1,244,000. Quent Capital LLC bought a new stake in shares of Associated Capital Group during the 1st quarter worth about $222,000. Renaissance Technologies LLC grew its stake 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 buying an additional 800 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC increased its stake 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 worth $449,000 after purchasing an additional 298 shares during the period. 8.14% of the stock is owned by 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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