Associated Capital Group, Inc. (NYSE:AC) Short Interest Update

Associated Capital Group, Inc. (NYSE:AC) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 25,700 shares, an increase of 119.7% from the June 30th total of 11,700 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average trading volume of 7,100 shares, the days-to-cover ratio is presently 3.6 days.

Associated Capital Group Stock Performance

AC traded up $0.05 during trading on Friday, hitting $33.51. 1,609 shares of the stock were exchanged, compared to its average volume of 6,097. The firm has a 50 day simple moving average of $33.27 and a 200 day simple moving average of $33.20. The firm has a market cap of $717.11 million, a price-to-earnings ratio of 21.62 and a beta of 0.89. Associated Capital Group has a 1 year low of $28.58 and a 1 year high of $38.64.

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

Associated Capital Group Dividend Announcement

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

Hedge Funds Weigh In On Associated Capital Group

Large investors have recently bought and sold shares of the business. Quent Capital LLC purchased a new stake in shares of Associated Capital Group during the first quarter valued at about $222,000. Sapient Capital LLC purchased a new stake in Associated Capital Group during the fourth quarter valued at approximately $557,000. Finally, OFI Invest Asset Management acquired a new stake in Associated Capital Group in the second quarter valued at approximately $1,244,000. Institutional investors own 8.14% of the company’s stock.

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.