Associated Capital Group (NYSE:AC) Releases Quarterly Earnings Results

Associated Capital Group (NYSE:AC) issued its earnings results on Wednesday. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, Zacks reports. Associated Capital Group had a return on equity of 6.21% and a net margin of 412.90%.

Associated Capital Group Price Performance

Shares of Associated Capital Group stock opened at $36.41 on Thursday. The firm has a market cap of $773.24 million, a price-to-earnings ratio of 13.84 and a beta of 0.88. The stock’s 50-day moving average is $35.71 and its 200 day moving average is $35.08. Associated Capital Group has a one year low of $28.58 and a one year high of $43.85.

Associated Capital Group Dividend Announcement

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, December 5th. This represents a yield of 0.6%. Associated Capital Group’s payout ratio is 7.60%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Associated Capital Group from a “buy” rating to a “hold” rating in a report on Friday, January 31st.

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.