Associated Capital Group, Inc. (NYSE:AC - Get Free Report) major shareholder Gamco Investors, Inc. Et Al acquired 300 shares of the stock in a transaction on Friday, November 22nd. The shares were bought at an average cost of $41.50 per share, for a total transaction of $12,450.00. Following the purchase, the insider now directly owns 2,800 shares of the company's stock, valued at $116,200. The trade was a 12.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Gamco Investors, Inc. Et Al also recently made the following trade(s):
- On Tuesday, November 19th, Gamco Investors, Inc. Et Al sold 200 shares of Associated Capital Group stock. The stock was sold at an average price of $40.50, for a total value of $8,100.00.
- On Thursday, September 19th, Gamco Investors, Inc. Et Al sold 200 shares of Associated Capital Group stock. The stock was sold at an average price of $38.71, for a total transaction of $7,742.00.
Associated Capital Group Stock Performance
Shares of Associated Capital Group stock opened at $36.21 on Tuesday. The stock has a 50 day moving average of $36.10 and a 200 day moving average of $34.19. The firm has a market capitalization of $769.10 million, a price-to-earnings ratio of 13.94 and a beta of 0.86. Associated Capital Group, Inc. has a fifty-two week low of $28.58 and a fifty-two week high of $43.85.
Associated Capital Group Dividend Announcement
What Are Buffett, Dalio, and Druckenmiller So Worried About?
From Stansberry Research | Ad
"This Will Be Worse Than The Great Depression, The Dot-Com Crash, And The 2008 Crisis Combined"
According to Dan Ferris, who has predicted nearly every major market crisis of the last 25 years, a new crisis in the US economy could soon cost you 50% of your portfolio or more if you don't prepare your wealth now. Especially if you’re sitting on large gains.
Click here to see the new crisis that could abruptly end this current bull market.
The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a yield of 0.6%. Associated Capital Group's dividend payout ratio (DPR) is currently 7.60%.
Institutional Investors Weigh In On Associated Capital Group
A number of institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in shares of Associated Capital Group by 28.4% in the 3rd quarter. Geode Capital Management LLC now owns 21,914 shares of the financial services provider's stock worth $776,000 after acquiring an additional 4,841 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in shares of Associated Capital Group by 2.4% during the third quarter. Dynamic Advisor Solutions LLC now owns 12,675 shares of the financial services provider's stock worth $449,000 after buying an additional 298 shares during the period. Quent Capital LLC purchased a new position in shares of Associated Capital Group during the third quarter worth $240,000. Renaissance Technologies LLC grew its stake in shares of Associated Capital Group by 3.3% in the second quarter. Renaissance Technologies LLC now owns 24,700 shares of the financial services provider's stock valued at $840,000 after buying an additional 800 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Associated Capital Group in the 2nd quarter valued at $1,244,000. 8.14% of the stock is currently owned by institutional investors and hedge funds.
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 Tuesday, November 19th.
Get Our Latest Stock Analysis on Associated Capital Group
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
