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

Associated Capital Group, Inc. (NYSE:AC) shares saw an uptick in trading volume on Wednesday . 4,589 shares changed hands 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.

Analysts Set New Price Targets

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

Associated Capital Group Price Performance

The stock has a market cap of $747.01 million, a P/E ratio of 13.37 and a beta of 0.87. The company has a fifty day moving average of $35.77 and a 200 day moving average of $34.68.

Associated Capital Group (NYSE:AC) last posted its quarterly earnings data on Friday, November 8th. The financial services provider reported $1.09 EPS for the quarter. Associated Capital Group had a return on equity of 6.21% and a net margin of 412.90%. The company had revenue of $2.42 million for the quarter.

Associated Capital Group Announces Dividend

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

Institutional Investors Weigh In On Associated Capital Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its holdings in shares of Associated Capital Group by 28.4% during the third 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. Renaissance Technologies LLC grew its position 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 worth $840,000 after purchasing an additional 800 shares in the last quarter. Dynamic Advisor Solutions LLC raised its stake 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 purchasing an additional 298 shares during the period. Quent Capital LLC purchased a new stake in shares of Associated Capital Group in the third quarter valued at $240,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Associated Capital Group by 11,616.7% in the third quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider’s stock worth $25,000 after buying an additional 697 shares during the period. Institutional investors and hedge funds own 8.14% of the company’s stock.

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.