Associated Capital Group (NYSE:AC) Shares Gap Down to $34.36

Shares of Associated Capital Group, Inc. (NYSE:AC) gapped down prior to trading on Thursday . The stock had previously closed at $34.36, but opened at $32.99. Associated Capital Group shares last traded at $33.25, with a volume of 865 shares trading hands.

Associated Capital Group Trading Down 3.2 %

The firm has a market cap of $714.54 million, a P/E ratio of 19.98 and a beta of 0.89. The firm’s 50 day moving average is $32.77 and its two-hundred day moving average is $33.56.

Associated Capital Group Announces Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, June 27th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.10 per share. This represents a dividend yield of 0.6%. The ex-dividend date is Friday, June 14th. Associated Capital Group’s dividend payout ratio (DPR) is presently 11.63%.

Institutional Investors Weigh In On Associated Capital Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quent Capital LLC bought a new stake in Associated Capital Group in the 1st quarter valued at approximately $222,000. Sapient Capital LLC acquired a new position in Associated Capital Group during the fourth quarter worth $557,000. Finally, Dynamic Advisor Solutions LLC grew its position in Associated Capital Group by 53.8% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 12,514 shares of the financial services provider’s stock valued at $430,000 after purchasing an additional 4,375 shares in the last quarter. 8.14% of the stock is currently owned by institutional investors and hedge funds.

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.