Associated Capital Group (NYSE:AC) Sees Strong Trading Volume

Shares of Associated Capital Group, Inc. (NYSE:ACGet Free Report) saw an uptick in trading volume on Tuesday . 16,956 shares were traded during trading, an increase of 242% from the previous session’s volume of 4,953 shares.The stock last traded at $34.19 and had previously closed at $34.36.

Associated Capital Group Stock Performance

The business’s fifty day moving average is $33.48 and its two-hundred day moving average is $33.68. The company has a market cap of $732.95 million, a P/E ratio of 22.17 and a beta of 0.88.

Associated Capital Group Announces Dividend

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

Institutional Investors Weigh In On Associated Capital Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sapient Capital LLC purchased a new position in Associated Capital Group during the 4th quarter valued at about $557,000. Quent Capital LLC purchased a new position in Associated Capital Group during the 1st quarter valued at about $222,000. Finally, Dynamic Advisor Solutions LLC increased its position in Associated Capital Group by 53.8% during the 4th 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. 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.

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