Associated Capital Group (NYSE:AC) Reaches New 52-Week High – What’s Next?

by · The Cerbat Gem

Shares of Associated Capital Group, Inc. (NYSE:AC – Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $37.97 and last traded at $37.80, with a volume of 2328 shares traded. The stock had previously closed at $36.86.

Associated Capital Group Trading Up 1.9 %

The stock has a market cap of $827.58 million, a price-to-earnings ratio of 24.95 and a beta of 0.88. The firm has a fifty day simple moving average of $33.97 and a 200-day simple moving average of $33.35.

Associated Capital Group (NYSE:AC – Get Free Report) last released its earnings results on Wednesday, August 7th. The financial services provider reported $0.14 earnings per share for the quarter. The company had revenue of $2.60 million during the quarter. Associated Capital Group had a return on equity of 3.65% and a net margin of 246.48%.

Associated Capital Group Increases Dividend

The firm also recently announced a None dividend, which will be paid on Monday, November 4th. Shareholders of record on Monday, October 21st will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, October 21st. This is an increase from Associated Capital Group’s previous None dividend of $0.10. Associated Capital Group’s dividend payout ratio is presently 12.90%.

Hedge Funds Weigh In On Associated Capital Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quent Capital LLC acquired a new stake in Associated Capital Group during the 1st quarter worth $222,000. Dynamic Advisor Solutions LLC boosted its position in shares of Associated Capital Group by 2.4% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 12,675 shares of the financial services provider’s stock worth $449,000 after purchasing an additional 298 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Associated Capital Group by 3.3% during the second quarter. Renaissance Technologies LLC now owns 24,700 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 800 shares during the period. Finally, OFI Invest Asset Management bought a new stake in Associated Capital Group in the second quarter valued at about $1,244,000. 8.14% of the stock is owned by institutional investors.

Associated Capital Group Company Profile

(Get Free Report)

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.

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