Associated Capital Group, Inc. (NYSE:AC - Get Free Report) shares saw strong trading volume on Wednesday . 5,367 shares traded hands during mid-day trading, a decline of 14% from the previous session's volume of 6,209 shares.The stock last traded at $37.02 and had previously closed at $36.97.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded shares of Associated Capital Group from a "hold" rating to a "sell" rating in a research note on Thursday.
Check Out Our Latest Analysis on Associated Capital Group
Associated Capital Group Price Performance
The company has a market cap of $803.88 million, a price-to-earnings ratio of 18.37 and a beta of 0.61. The firm's 50 day simple moving average is $35.67 and its 200-day simple moving average is $36.07.
Associated Capital Group (NYSE:AC - Get Free Report) last announced its earnings results on Thursday, May 8th. The financial services provider reported $0.36 earnings per share for the quarter. Associated Capital Group had a net margin of 336.45% and a return on equity of 4.88%.
Associated Capital Group Announces Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a dividend yield of 0.6%. Associated Capital Group's dividend payout ratio (DPR) is 11.17%.
Institutional Investors Weigh In On Associated Capital Group
Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in Associated Capital Group by 11,616.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 697 shares in the last quarter. Empowered Funds LLC purchased a new stake in Associated Capital Group in the 4th quarter valued at approximately $149,000. Northern Trust Corp boosted its holdings in Associated Capital Group by 17.6% in the 4th quarter. Northern Trust Corp now owns 18,375 shares of the financial services provider's stock valued at $630,000 after purchasing an additional 2,755 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Associated Capital Group by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 23,049 shares of the financial services provider's stock valued at $790,000 after purchasing an additional 1,135 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in Associated Capital Group in the 4th quarter valued at approximately $1,092,000. Institutional investors and hedge funds 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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