Associated Capital Group (NYSE:AC) Sees Unusually-High Trading Volume – Should You Buy?

Associated Capital Group, Inc. (NYSE:ACGet Free Report) shares saw an uptick in trading volume on Wednesday . 4,589 shares were traded during mid-day trading, an increase of 19% from the previous session’s volume of 3,853 shares.The stock last traded at $35.11 and had previously closed at $35.53.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Associated Capital Group from a “buy” rating to a “hold” rating in a report on Friday, December 13th.

Check Out Our Latest Report on Associated Capital Group

Associated Capital Group Trading Down 1.0 %

The business’s 50-day simple moving average is $35.77 and its two-hundred day simple moving average is $34.68. The company has a market capitalization of $747.01 million, a PE ratio of 13.37 and a beta of 0.87.

Associated Capital Group (NYSE:ACGet Free Report) last released its quarterly earnings results on Friday, November 8th. The financial services provider reported $1.09 earnings per share for the quarter. The business had revenue of $2.42 million during the quarter. Associated Capital Group had a net margin of 412.90% and a return on equity of 6.21%.

Associated Capital Group Dividend Announcement

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a $0.10 dividend. The ex-dividend date was Thursday, December 5th. This represents a dividend yield of 0.6%. Associated Capital Group’s dividend payout ratio (DPR) is 7.60%.

Institutional Investors Weigh In On Associated Capital Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in Associated Capital Group by 11,616.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 697 shares during the last quarter. Quent Capital LLC acquired a new position in shares of Associated Capital Group during the third quarter worth approximately $240,000. Dynamic Advisor Solutions LLC grew its holdings in 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 buying an additional 298 shares in the last quarter. Geode Capital Management LLC increased its position in Associated Capital Group by 28.4% in the 3rd quarter. Geode Capital Management LLC now owns 21,914 shares of the financial services provider’s stock valued at $776,000 after acquiring an additional 4,841 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Associated Capital Group by 3.3% during the 2nd quarter. Renaissance Technologies LLC now owns 24,700 shares of the financial services provider’s stock valued at $840,000 after acquiring an additional 800 shares in the last quarter. Institutional investors and hedge funds own 8.14% of the company’s stock.

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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