Associated Capital Group (NYSE:AC) Posts Quarterly Earnings Results

Associated Capital Group (NYSE:AC) released its earnings results on Wednesday. The financial services provider reported $0.20 earnings per share 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 %

Shares of NYSE:AC traded up $0.46 during trading on Wednesday, hitting $36.41. The stock had a trading volume of 2,960 shares, compared to its average volume of 4,707. The company has a market capitalization of $773.24 million, a PE ratio of 13.84 and a beta of 0.88. The firm’s fifty day moving average is $35.71 and its 200 day moving average is $35.07. Associated Capital Group has a 12 month low of $28.58 and a 12 month high of $43.85.

Associated Capital Group Dividend Announcement

The business also recently declared 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 yield of 0.6%. The ex-dividend date of this dividend was Thursday, December 5th. Associated Capital Group’s payout ratio is currently 7.60%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Associated Capital Group from a “buy” rating to a “hold” rating in a research note on Friday, January 31st.

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.