Short Interest in Associated Capital Group, Inc. (NYSE:AC) Increases By 155.9%

Associated Capital Group, Inc. (NYSE:AC) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 32,500 shares, a growth of 155.9% from the May 31st total of 12,700 shares. Based on an average daily volume of 4,800 shares, the short-interest ratio is currently 6.8 days. Approximately 1.4% of the company’s shares are short sold.

Associated Capital Group Trading Up 0.1 %

Shares of AC traded up $0.04 on Thursday, reaching $34.14. 14,500 shares of the company’s stock were exchanged, compared to its average volume of 5,028. The business has a 50 day moving average price of $33.59 and a two-hundred day moving average price of $33.68. The stock has a market capitalization of $730.60 million, a P/E ratio of 22.03 and a beta of 0.88. Associated Capital Group has a 12 month low of $31.12 and a 12 month high of $38.64.

Associated Capital Group Announces Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, June 27th. Shareholders of record on Friday, June 14th will be issued a $0.10 dividend. The ex-dividend date is Friday, June 14th. This represents a yield of 0.6%. Associated Capital Group’s dividend payout ratio (DPR) is presently 12.90%.

Institutional Trading of Associated Capital Group

A number of large investors have recently made changes to their positions in the company. Sapient Capital LLC acquired a new position in shares of Associated Capital Group during the fourth quarter worth about $557,000. Dynamic Advisor Solutions LLC increased its stake in shares of Associated Capital Group by 53.8% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 12,514 shares of the financial services provider’s stock worth $430,000 after purchasing an additional 4,375 shares during the last quarter. Finally, Quent Capital LLC bought a new stake in Associated Capital Group in the first quarter valued at approximately $222,000. Institutional investors 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.