Shares of Associated Capital Group, Inc. (NYSE:AC – Get Free Report) reached a new 52-week high on Tuesday . The company 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 Stock Up 3.0 %
The company has a market capitalization of $812.38 million, a P/E ratio of 24.53 and a beta of 0.88. The company has a 50-day moving average of $33.75 and a two-hundred day moving average of $33.28.
Associated Capital Group (NYSE:AC – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.14 earnings per share for the quarter. The firm 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
Institutional Investors Weigh In On Associated Capital Group
Several institutional investors have recently modified their holdings of AC. OFI Invest Asset Management bought a new position in Associated Capital Group during the 2nd quarter valued at about $1,244,000. Quent Capital LLC bought a new position in Associated Capital Group during the first quarter valued at approximately $222,000. Renaissance Technologies LLC lifted its position in 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 valued at $840,000 after purchasing an additional 800 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its holdings in Associated Capital Group by 2.4% in the third 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. 8.14% of the stock is owned by hedge funds and other institutional investors.
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.
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