Associated Capital Group, Inc. (NYSE:AC - Get Free Report)'s stock price dropped 5.1% during trading on Tuesday . The company traded as low as $36.93 and last traded at $36.93. Approximately 5,346 shares were traded during trading, a decline of 13% from the average daily volume of 6,174 shares. The stock had previously closed at $38.91.
Associated Capital Group Stock Down 6.5 %
The company has a market cap of $779.00 million, a P/E ratio of 23.48 and a beta of 0.88. The firm's 50 day moving average is $34.51 and its two-hundred day moving average is $33.57.
Associated Capital Group (NYSE:AC - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.14 EPS for the quarter. Associated Capital Group had a return on equity of 3.65% and a net margin of 246.48%. The firm had revenue of $2.60 million for the quarter.
Associated Capital Group Increases Dividend
The company also recently announced 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. The ex-dividend date of this dividend is Monday, October 21st. This is an increase from Associated Capital Group's previous None dividend of $0.10. Associated Capital Group's dividend payout ratio is currently 12.90%.
Hedge Funds Weigh In On Associated Capital Group
A number of hedge funds have recently bought and sold shares of the company. Quent Capital LLC bought a new position in shares of Associated Capital Group during the 1st quarter worth approximately $222,000. Dynamic Advisor Solutions LLC boosted its stake in 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 acquiring an additional 298 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Associated Capital Group by 3.3% during the second quarter. Renaissance Technologies LLC now owns 24,700 shares of the financial services provider's stock worth $840,000 after acquiring an additional 800 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Associated Capital Group in the second quarter worth $1,244,000. Institutional investors own 8.14% of the company's stock.
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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