Associated Capital Group (NYSE:AC) Sees Large Volume Increase – Here’s What Happened

Associated Capital Group, Inc. (NYSE:AC) shares saw strong trading volume on Tuesday . 2,674 shares changed hands during trading, an increase of 4% from the previous session’s volume of 2,578 shares.The stock last traded at $35.10 and had previously closed at $34.91.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Associated Capital Group from a “buy” rating to a “hold” rating in a research note on Friday, December 13th.

Associated Capital Group Stock Performance

The company has a 50-day simple moving average of $35.86 and a 200-day simple moving average of $34.59. The company has a market cap of $744.36 million, a price-to-earnings ratio of 13.33 and a beta of 0.87.

Associated Capital Group Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a $0.10 dividend. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, December 5th. Associated Capital Group’s dividend payout ratio (DPR) is 7.60%.

Institutional Trading of Associated Capital Group

Several large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of Associated Capital Group by 11,616.7% in the third quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 697 shares during the last quarter. Quent Capital LLC acquired a new position in Associated Capital Group in the 3rd quarter valued at $240,000. Dynamic Advisor Solutions LLC lifted its stake in shares of Associated Capital Group by 2.4% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 12,675 shares of the financial services provider’s stock worth $449,000 after purchasing an additional 298 shares during the period. Geode Capital Management LLC lifted its stake in shares of Associated Capital Group by 28.4% during the 3rd quarter. Geode Capital Management LLC now owns 21,914 shares of the financial services provider’s stock worth $776,000 after purchasing an additional 4,841 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Associated Capital Group by 3.3% in the second quarter. Renaissance Technologies LLC now owns 24,700 shares of the financial services provider’s stock valued at $840,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds 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.