Associated Capital Group, Inc. (NYSE:AC – Get Rating) major shareholder Gamco Investors, Inc. Et Al purchased 800 shares of Associated Capital Group stock in a transaction on Friday, December 23rd. The stock was bought at an average price of $32.58 per share, for a total transaction of $26,064.00. Following the transaction, the insider now directly owns 12,800 shares in the company, valued at approximately $417,024. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Gamco Investors, Inc. Et Al also recently made the following trade(s):
- On Thursday, October 13th, Gamco Investors, Inc. Et Al acquired 1,000 shares of Associated Capital Group stock. The stock was bought at an average cost of $29.31 per share, for a total transaction of $29,310.00.
Associated Capital Group Stock Down 0.4 %
Shares of Associated Capital Group stock traded down $0.17 on Tuesday, hitting $40.52. 1,975 shares of the company’s stock traded hands, compared to its average volume of 8,506. The company has a fifty day moving average of $40.87 and a two-hundred day moving average of $39.43. Associated Capital Group, Inc. has a one year low of $33.69 and a one year high of $47.50.
Associated Capital Group Dividend Announcement
The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were given a dividend of $0.10 per share. This represents a dividend yield of 0.5%. The ex-dividend date was Wednesday, November 30th. Associated Capital Group’s dividend payout ratio (DPR) is -8.30%.
Institutional Trading of Associated Capital Group
Hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC acquired a new position in Associated Capital Group during the 2nd quarter worth approximately $218,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Associated Capital Group during the first quarter worth approximately $242,000. State Board of Administration of Florida Retirement System lifted its holdings in shares of Associated Capital Group by 36.3% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 6,817 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 1,817 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in Associated Capital Group in the 2nd quarter valued at $272,000. Finally, Bank of New York Mellon Corp increased its stake in Associated Capital Group by 13.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,887 shares of the financial services provider’s stock valued at $289,000 after purchasing an additional 905 shares in the last quarter. Institutional investors own 9.73% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the stock. TheStreet upgraded shares of Associated Capital Group from a “d+” rating to a “c-” rating in a report on Friday, November 11th. StockNews.com initiated coverage on shares of Associated Capital Group in a report on Wednesday, December 21st. They issued a “sell” rating on the stock.
Associated Capital Group Company Profile
Associated Capital Group, Inc provides investment advisory services in the United States. The company offers alternative investment management and asset management services. It also invests in new and existing businesses. The company was founded in 1976 and is headquartered in Greenwich, Connecticut.
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