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

Associated Capital Group, Inc. (NYSE:AC) 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 traded.

Associated Capital Group Stock Performance

The stock has a market cap of $697.64 million, a P/E ratio of 21.17 and a beta of 0.89. The firm’s 50 day moving average is $33.64 and its 200 day moving average is $33.66.

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

Associated Capital Group Dividend Announcement

The business also recently announced a Semi-Annual dividend, which was paid on Thursday, June 27th. Shareholders of record on Friday, June 14th were given a dividend of $0.10 per share. This represents a yield of 0.6%. The ex-dividend date was Friday, June 14th. Associated Capital Group’s dividend payout ratio is presently 12.90%.

Institutional Trading of Associated Capital Group

Several large investors have recently bought and sold shares of AC. Sapient Capital LLC purchased a new stake in shares of Associated Capital Group in the 4th quarter valued at $557,000. Quent Capital LLC purchased a new stake in shares of Associated Capital Group in the 1st quarter valued at $222,000. Finally, Dynamic Advisor Solutions LLC boosted its holdings in shares of Associated Capital Group by 53.8% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 12,514 shares of the financial services provider’s stock valued at $430,000 after acquiring an additional 4,375 shares during the last quarter. Hedge funds and other 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.