Associated Capital Group, Inc. (NYSE:AC) Major Shareholder Purchases $12,450.00 in Stock

Associated Capital Group, Inc. (NYSE:AC) major shareholder Gamco Investors, Inc. Et Al acquired 300 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were bought at an average cost of $41.50 per share, with a total value of $12,450.00. Following the acquisition, the insider now directly owns 2,800 shares in the company, valued at approximately $116,200. The trade was a 12.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% 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 Tuesday, November 19th, Gamco Investors, Inc. Et Al sold 200 shares of Associated Capital Group stock. The stock was sold at an average price of $40.50, for a total value of $8,100.00.
• On Thursday, September 19th, Gamco Investors, Inc. Et Al sold 200 shares of Associated Capital Group stock. The shares were sold at an average price of $38.71, for a total value of $7,742.00.

Associated Capital Group Stock Up 0.7 %

Associated Capital Group stock opened at $36.49 on Wednesday. The company’s 50-day moving average price is $36.16 and its 200-day moving average price is $34.21. The company has a market cap of $774.94 million, a PE ratio of 13.87 and a beta of 0.86. Associated Capital Group, Inc. has a twelve month low of $28.58 and a twelve month high of $43.85.

Associated Capital Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Associated Capital Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th.

Hedge Funds Weigh In On Associated Capital Group

A number of institutional investors and hedge funds have recently modified their holdings of AC. Dynamic Advisor Solutions LLC raised its holdings in 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 valued at $449,000 after buying an additional 298 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Associated Capital Group by 3.3% in the 2nd quarter. Renaissance Technologies LLC now owns 24,700 shares of the financial services provider’s stock worth $840,000 after acquiring an additional 800 shares during the last quarter. Geode Capital Management LLC boosted 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. Quent Capital LLC bought a new position in Associated Capital Group during the 1st quarter valued at about $222,000. Finally, OFI Invest Asset Management bought a new stake in Associated Capital Group in the second quarter worth about $1,244,000. Hedge funds and other institutional investors own 8.14% of the company’s stock.

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.