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

Associated Capital Group, Inc. (NYSE:AC - Get Free Report) saw unusually-high trading volume on Monday . Approximately 4,008 shares were traded during mid-day 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 Ratings Changes

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

Associated Capital Group Stock Up 0.1%

The firm has a market capitalization of $792.09 million, a price-to-earnings ratio of 20.93 and a beta of 0.59. The company has a 50-day moving average price of $37.01 and a 200-day moving average price of $36.33.

Associated Capital Group (NYSE:AC - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The financial services provider reported $0.36 EPS 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 firm also recently disclosed a semi-annual dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were paid a $0.10 dividend. This represents a yield of 0.6%. The ex-dividend date of this dividend was Thursday, June 12th. Associated Capital Group's dividend payout ratio is currently 11.17%.

Insider Buying and Selling at Associated Capital Group

In other news, major shareholder Mario J. Gabelli acquired 1,549 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were purchased at an average price of $43.45 per share, for a total transaction of $67,304.05. Following the completion of the acquisition, the insider owned 27,152 shares of the company's stock, valued at approximately $1,179,754.40. This represents a 6.05% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 88.73% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Northern Trust Corp lifted its holdings in shares of Associated Capital Group by 17.6% during the fourth quarter. Northern Trust Corp now owns 18,375 shares of the financial services provider's stock worth $630,000 after buying an additional 2,755 shares during 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 during the period. Finally, OFI Invest Asset Management acquired a new stake in Associated Capital Group in the 4th quarter worth $1,092,000. Institutional investors and hedge funds own 8.14% of the company's stock.

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.