Associated Capital Group, Inc. (NYSE:AC - Get Free Report) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 16,100 shares, a decrease of 21.8% from the September 30th total of 20,600 shares. Based on an average trading volume of 6,700 shares, the days-to-cover ratio is currently 2.4 days. Approximately 0.7% of the shares of the company are sold short.
Associated Capital Group Stock Up 0.3 %
Shares of AC traded up $0.10 during mid-day trading on Monday, hitting $36.09. 6,168 shares of the company's stock were exchanged, compared to its average volume of 6,290. The firm has a market cap of $772.36 million, a price-to-earnings ratio of 23.28 and a beta of 0.88. The stock's 50-day simple moving average is $34.70 and its 200-day simple moving average is $33.64. Associated Capital Group has a 52 week low of $28.58 and a 52 week high of $43.85.
Associated Capital Group (NYSE:AC - Get Free Report) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $0.14 earnings per share for the quarter. Associated Capital Group had a net margin of 246.48% and a return on equity of 3.65%. The business had revenue of $2.60 million during the quarter.
Associated Capital Group Increases Dividend
The company also recently declared a None dividend, which will be paid on Monday, November 4th. Investors of record on Monday, October 21st will be issued a dividend of $2.00 per share. The ex-dividend date is Monday, October 21st. This is a boost from Associated Capital Group's previous None dividend of $0.10. Associated Capital Group's payout ratio is 12.90%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AC. OFI Invest Asset Management purchased a new position in Associated Capital Group in the second quarter valued at about $1,244,000. Renaissance Technologies LLC raised its position 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 period. Dynamic Advisor Solutions LLC raised its position in shares of Associated Capital Group by 2.4% in 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 during the period. Finally, Quent Capital LLC bought a new stake in shares of Associated Capital Group in the third quarter valued at approximately $240,000. 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.
See Also
Before you consider Associated Capital Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Associated Capital Group wasn't on the list.
While Associated Capital Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
