Associated Capital Group, Inc. (NYSE:AC - Get Free Report) shares saw strong trading volume on Thursday . 7,995 shares changed hands during trading, an increase of 38% from the previous session's volume of 5,773 shares.The stock last traded at $40.00 and had previously closed at $38.67.
Associated Capital Group Price Performance
The business has a fifty day moving average of $34.12 and a 200-day moving average of $33.40. The stock has a market capitalization of $868.88 million, a price-to-earnings ratio of 26.19 and a beta of 0.88.
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 earnings per share 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 during the quarter.
Associated Capital Group Increases Dividend
The business also recently declared a None dividend, which will be paid on Monday, November 4th. Investors of record on Monday, October 21st will be given a $2.00 dividend. This is a positive change from Associated Capital Group's previous None dividend of $0.10. The ex-dividend date of this dividend is Monday, October 21st. Associated Capital Group's dividend payout ratio (DPR) is 12.90%.
Institutional Investors Weigh In On Associated Capital Group
A number of institutional investors have recently bought and sold shares of the business. Dynamic Advisor Solutions LLC boosted its position in Associated Capital Group by 2.4% during the 3rd 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 during the period. Renaissance Technologies LLC raised its stake in shares of Associated Capital Group by 3.3% during the 2nd quarter. Renaissance Technologies LLC now owns 24,700 shares of the financial services provider's stock worth $840,000 after purchasing an additional 800 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Associated Capital Group during the 1st quarter worth about $222,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Associated Capital Group during the 2nd quarter worth about $1,244,000. 8.14% of the stock is currently owned by institutional investors and hedge funds.
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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