Associated Capital Group, Inc. (NYSE:AC) Plans $0.10 Semi-annual Dividend

Associated Capital Group, Inc. (NYSE:AC) declared a semi-annual dividend on Friday, May 9th, Wall Street Journal reports. Stockholders of record on Thursday, June 12th will be paid a dividend of 0.10 per share by the financial services provider on Thursday, June 26th. This represents a dividend yield of 0.6%. The ex-dividend date is Thursday, June 12th.

Associated Capital Group Price Performance

Shares of NYSE:AC opened at $37.93 on Tuesday. Associated Capital Group has a 1-year low of $28.58 and a 1-year high of $43.85. The business has a fifty day moving average price of $35.88 and a 200-day moving average price of $36.18. The company has a market capitalization of $801.66 million, a PE ratio of 18.32 and a beta of 0.59.

Associated Capital Group (NYSE:AC) last issued its quarterly earnings results on Thursday, May 8th. The financial services provider reported $0.36 earnings per share for the quarter. Associated Capital Group had a return on equity of 4.88% and a net margin of 336.45%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Associated Capital Group from a “sell” rating to a “hold” rating in a report on Saturday, May 31st.

Insider Buying and Selling

In other Associated Capital Group news, major shareholder Mario J. Gabelli acquired 1,549 shares of Associated Capital Group stock in a transaction that occurred on Wednesday, May 28th. The stock was bought at an average cost of $43.45 per share, for a total transaction of $67,304.05. Following the acquisition, the insider now owns 27,152 shares of the company’s stock, valued at $1,179,754.40. This represents a 6.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders acquired 2,300 shares of company stock worth $89,021. 88.73% of the stock is owned by corporate insiders.

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.