Associated Capital Group (NYSE:AC) Sees Large Volume Increase – Should You Buy?

Associated Capital Group, Inc. (NYSE:AC) saw unusually-high trading volume on Wednesday . Approximately 3,663 shares were traded during mid-day trading, a decline of 41% from the previous session’s volume of 6,182 shares.The stock last traded at $35.70 and had previously closed at $36.40.

Associated Capital Group Stock Up 1.2 %

The stock has a market capitalization of $767.76 million, a PE ratio of 23.15 and a beta of 0.88. The stock’s 50 day moving average price is $34.63 and its 200-day moving average price is $33.60.

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

Associated Capital Group Increases Dividend

The firm also recently announced a None dividend, which will be paid on Monday, November 4th. Investors of record on Monday, October 21st will be issued a $2.00 dividend. The ex-dividend date of this dividend is Monday, October 21st. This is a positive change from Associated Capital Group’s previous None dividend of $0.10. Associated Capital Group’s dividend payout ratio (DPR) is 12.90%.

Hedge Funds Weigh In On Associated Capital Group

Institutional investors have recently bought and sold shares of the business. Dynamic Advisor Solutions LLC raised its position in shares of 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 in the last quarter. Renaissance Technologies LLC boosted 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 purchasing an additional 800 shares during the period. Quent Capital LLC bought a new position in shares of Associated Capital Group during the 1st quarter valued at approximately $222,000. Finally, OFI Invest Asset Management purchased a new stake in Associated Capital Group during the 2nd quarter valued at $1,244,000. Institutional investors own 8.14% of the company’s stock.

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.