Associated Capital Group, Inc. (NYSE:AC) Major Shareholder Gamco Investors, Inc. Et Al Acquires 300 Shares

Associated Capital Group, Inc. (NYSE:AC) major shareholder Gamco Investors, Inc. Et Al bought 300 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were purchased at an average price of $41.50 per share, for a total transaction of $12,450.00. Following the purchase, the insider now owns 2,800 shares in the company, valued at $116,200. This represents a 12.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares 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 shares were 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 shares were sold at an average price of $38.71, for a total value of $7,742.00.

Associated Capital Group Stock Down 0.5 %

Shares of Associated Capital Group stock traded down $0.17 on Monday, reaching $36.25. 4,234 shares of the stock were exchanged, compared to its average volume of 6,232. The firm has a market capitalization of $769.95 million, a price-to-earnings ratio of 13.94 and a beta of 0.86. Associated Capital Group, Inc. has a twelve month low of $28.58 and a twelve month high of $43.85. The business has a 50 day moving average price of $36.10 and a two-hundred day moving average price of $34.19.

Associated Capital Group Dividend Announcement

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

Analyst Ratings Changes

Separately, StockNews.com lowered Associated Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. OFI Invest Asset Management acquired a new position in Associated Capital Group in the 2nd quarter valued at approximately $1,244,000. Quent Capital LLC bought a new stake in Associated Capital Group during the 1st quarter worth approximately $222,000. Renaissance Technologies LLC boosted its position in shares of 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 valued at $840,000 after purchasing an additional 800 shares in 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 valued at $449,000 after buying an additional 298 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Associated Capital Group by 28.4% during 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 period. 8.14% of the stock is owned by hedge funds and other institutional investors.

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.