Associated Capital Group (NYSE:AC) Shares Gap Down – Time to Sell?

Associated Capital Group, Inc. (NYSE:ACGet Free Report)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $36.18, but opened at $35.05. Associated Capital Group shares last traded at $35.96, with a volume of 1,800 shares trading hands.

Analyst Ratings Changes

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

Read Our Latest Report on AC

Associated Capital Group Stock Performance

The company’s 50-day moving average price is $35.77 and its two-hundred day moving average price is $34.68. The stock has a market cap of $760.28 million, a PE ratio of 13.58 and a beta of 0.87.

Associated Capital Group Announces Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a yield of 0.6%. Associated Capital Group’s payout ratio is 7.60%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Dynamic Advisor Solutions LLC boosted its position in 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 acquiring an additional 298 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of 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 period. Renaissance Technologies LLC boosted its position 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 valued at $840,000 after purchasing an additional 800 shares in the last quarter. Geode Capital Management LLC grew its stake in Associated Capital Group by 28.4% in the third quarter. Geode Capital Management LLC now owns 21,914 shares of the financial services provider’s stock worth $776,000 after purchasing an additional 4,841 shares during the period. Finally, Quent Capital LLC bought a new position in Associated Capital Group in the third quarter worth $240,000. 8.14% of the stock is owned by hedge funds and other institutional investors.

About Associated Capital Group

(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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