Gamco Investors, Inc. Et Al Purchases 300 Shares of Associated Capital Group, Inc. (NYSE:AC) Stock

Associated Capital Group, Inc. (NYSE:AC) major shareholder Gamco Investors, Inc. Et Al bought 300 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was bought at an average cost of $41.50 per share, with a total value of $12,450.00. Following the transaction, the insider now owns 2,800 shares in the company, valued at $116,200. This trade represents a 12.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases 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 value of $7,742.00.

Associated Capital Group Price Performance

Shares of Associated Capital Group stock opened at $36.49 on Wednesday. Associated Capital Group, Inc. has a 1-year low of $28.58 and a 1-year high of $43.85. The company’s fifty day simple moving average is $36.16 and its 200-day simple moving average is $34.21. The stock has a market capitalization of $774.94 million, a PE ratio of 13.87 and a beta of 0.86.

Associated Capital Group Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Dynamic Advisor Solutions LLC lifted its stake in shares of 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 buying an additional 298 shares in the last quarter. Renaissance Technologies LLC raised its holdings in 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 acquiring an additional 800 shares during the period. Geode Capital Management LLC lifted its position in shares of 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 valued at $776,000 after acquiring an additional 4,841 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Associated Capital Group during the first quarter worth about $222,000. Finally, OFI Invest Asset Management bought a new stake in Associated Capital Group during the 2nd quarter valued at approximately $1,244,000. Institutional investors own 8.14% of the company’s stock.

Analyst Upgrades and Downgrades

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.

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.