Associated Capital Group (NYSE:AC) Trading Up 0.2% - Here's Why

Associated Capital Group, Inc. (NYSE:AC - Get Free Report)'s share price was up 0.2% on Monday . The company traded as high as $37.47 and last traded at $37.34. Approximately 4,073 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 5,260 shares. The stock had previously closed at $37.25.

Wall Street Analysts Forecast Growth

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

Associated Capital Group Price Performance

The company's fifty day moving average price is $37.60 and its 200 day moving average price is $36.56. The company has a market cap of $788.63 million, a PE ratio of 20.84 and a beta of 0.59.

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

Associated Capital Group Dividend Announcement

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

Insider Transactions at Associated Capital Group

In related news, major shareholder Mario J. Gabelli acquired 1,549 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was acquired 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 88.73% of the company's stock.

Hedge Funds Weigh In On Associated Capital Group

An institutional investor recently raised its position in Associated Capital Group stock. Geode Capital Management LLC grew its holdings in shares of Associated Capital Group, Inc. (NYSE:AC - Free Report) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,049 shares of the financial services provider's stock after acquiring an additional 1,135 shares during the quarter. Geode Capital Management LLC owned 0.11% of Associated Capital Group worth $790,000 at the end of the most recent quarter. 8.14% of the stock is currently owned by hedge funds and other institutional investors.

Associated Capital Group Company Profile

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.