Associated Capital Group (NYSE:AC) Sees Large Volume Increase

Associated Capital Group, Inc. (NYSE:AC) shares saw unusually-strong trading volume on Monday . Approximately 12,810 shares traded hands during trading, an increase of 108% from the previous session’s volume of 6,144 shares.The stock last traded at $34.00 and had previously closed at $33.51.

Associated Capital Group Price Performance

The company has a market capitalization of $719.90 million, a PE ratio of 21.62 and a beta of 0.89. The firm has a 50-day simple moving average of $33.27 and a 200 day simple moving average of $33.19.

Associated Capital Group (NYSE:AC) last issued its quarterly earnings data on Tuesday, May 14th. The financial services provider reported $0.64 earnings per share for the quarter. The firm had revenue of $3.01 million during 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 business also recently declared a Semi-Annual dividend, which was paid on Thursday, June 27th. Stockholders of record on Friday, June 14th were paid a $0.10 dividend. This represents a dividend yield of 0.6%. The ex-dividend date was Friday, June 14th. Associated Capital Group’s dividend payout ratio is currently 12.90%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AC. OFI Invest Asset Management acquired a new stake in shares of Associated Capital Group during the 2nd quarter valued at $1,244,000. Sapient Capital LLC acquired a new stake in shares of Associated Capital Group during the fourth quarter worth $557,000. Finally, Quent Capital LLC purchased a new stake in shares of Associated Capital Group during the first quarter valued at $222,000. Institutional investors 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.