Associated Capital Group (NYSE:AC) Sees Large Volume Increase - Time to Buy?

Shares of Associated Capital Group, Inc. (NYSE:AC - Get Free Report) saw strong trading volume on Monday . 4,008 shares changed hands during trading, a decline of 33% from the previous session's volume of 6,009 shares.The stock last traded at $37.63 and had previously closed at $37.65.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Associated Capital Group from a "sell" rating to a "hold" rating in a research report on Saturday, May 31st.

Associated Capital Group Price Performance

The stock has a market capitalization of $789.79 million, a P/E ratio of 20.87 and a beta of 0.59. The stock's fifty day moving average is $37.11 and its 200-day moving average is $36.34.

Associated Capital Group (NYSE:AC - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The financial services provider reported $0.36 earnings per share for the quarter. Associated Capital Group had a return on equity of 4.24% and a net margin of 310.55%.

Associated Capital Group Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a yield of 0.6%. Associated Capital Group's dividend payout ratio (DPR) is currently 11.17%.

Insider Transactions at Associated Capital Group

In other news, major shareholder Mario J. Gabelli purchased 1,549 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were bought at an average price of $43.45 per share, with a total value of $67,304.05. Following the completion of the transaction, the insider directly owned 27,152 shares in the company, valued at $1,179,754.40. This trade represents a 6.05% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 88.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northern Trust Corp boosted its stake in Associated Capital Group by 17.6% during 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 during the period. Geode Capital Management LLC lifted its holdings in shares of Associated Capital Group by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 23,049 shares of the financial services provider's stock worth $790,000 after buying an additional 1,135 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in shares of Associated Capital Group in the fourth quarter valued at approximately $1,092,000. 8.14% of the stock is currently owned by institutional investors and hedge funds.

About Associated Capital Group

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.