Associated Capital Group (NYSE:AC) Releases Earnings Results

Associated Capital Group (NYSE:AC) announced 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 Stock Up 1.3 %

AC stock opened at $36.41 on Thursday. Associated Capital Group has a 52 week low of $28.58 and a 52 week high of $43.85. The business has a 50-day simple moving average of $35.71 and a 200 day simple moving average of $35.08. The company has a market cap of $773.24 million, a PE ratio of 13.84 and a beta of 0.88.

Associated Capital Group Announces Dividend

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

Analyst Ratings Changes

Separately, StockNews.com downgraded 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.