Associated Capital Group (NYSE:AC) Shares Gap Down to $34.02

Posted by Frank Smitson on Jul 2nd, 2024

Associated Capital Group, Inc. (NYSE:AC – Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $34.02, but opened at $32.86. Associated Capital Group shares last traded at $32.86, with a volume of 366 shares changing hands.

Associated Capital Group Trading Down 0.8 %

The firm has a market cap of $697.64 million, a PE ratio of 21.17 and a beta of 0.89. The firm has a 50 day moving average price of $33.64 and a 200-day moving average price of $33.66.

Associated Capital Group (NYSE:AC – Get Free Report) last issued its quarterly earnings results on Tuesday, May 14th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter. Associated Capital Group had a net margin of 253.37% and a return on equity of 3.71%. The company had revenue of $3.01 million during the quarter.

Associated Capital Group Announces Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, June 27th. Investors of record on Friday, June 14th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, June 14th. This represents a dividend yield of 0.6%. Associated Capital Group’s payout ratio is currently 12.90%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Quent Capital LLC acquired a new position in shares of Associated Capital Group in the 1st quarter valued at $222,000. Sapient Capital LLC acquired a new position in Associated Capital Group in the fourth quarter valued at $557,000. Finally, Dynamic Advisor Solutions LLC grew its holdings in shares of Associated Capital Group by 53.8% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 12,514 shares of the financial services provider’s stock worth $430,000 after purchasing an additional 4,375 shares during the last quarter. Hedge funds and other institutional investors 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.