Associated Capital Group, Inc. (NYSE:AC) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL decreased its holdings in shares of Associated Capital Group, Inc. (NYSE:AC) by 8.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,165 shares of the financial services provider’s stock after selling 6,700 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Associated Capital Group were worth $2,524,000 at the end of the most recent quarter.

Separately, Sapient Capital LLC acquired a new position in shares of Associated Capital Group during the fourth quarter valued at $557,000. Institutional investors own 8.14% of the company’s stock.

Associated Capital Group Price Performance

Shares of AC stock traded up $0.05 during trading hours on Friday, reaching $33.51. The stock had a trading volume of 1,609 shares, compared to its average volume of 12,642. The firm has a market capitalization of $717.11 million, a PE ratio of 21.62 and a beta of 0.89. The firm has a 50-day simple moving average of $33.27 and a 200-day simple moving average of $33.20. Associated Capital Group, Inc. has a twelve month low of $28.58 and a twelve month high of $38.64.

Associated Capital Group (NYSE:AC) last announced its quarterly earnings results on Tuesday, May 14th. The financial services provider reported $0.64 EPS for the quarter. The company had revenue of $3.01 million for the quarter. Associated Capital Group had a net margin of 253.37% and a return on equity of 3.71%.

Associated Capital Group Announces Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, June 27th. Shareholders of record on Friday, June 14th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a yield of 0.6%. Associated Capital Group’s dividend payout ratio (DPR) is presently 12.90%.

Associated Capital Group 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.