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

Associated Capital Group, Inc. (NYSE:AC) shares gapped down before the market opened 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 Stock Down 1.4 %

The company has a market capitalization of $695.29 million, a PE ratio of 20.96 and a beta of 0.89. The stock has a 50-day moving average of $33.64 and a 200 day moving average of $33.63.

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

Associated Capital Group Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, June 27th. Shareholders 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 dividend payout ratio (DPR) is 12.90%.

Hedge Funds Weigh In On Associated Capital Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Sapient Capital LLC bought a new position in Associated Capital Group during the fourth quarter valued at $557,000. Dynamic Advisor Solutions LLC grew its holdings in 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 valued at $430,000 after purchasing an additional 4,375 shares during the period. Finally, Quent Capital LLC bought a new position in Associated Capital Group during the first quarter valued at $222,000. 8.14% of the stock is owned by 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.