Associated Capital Group (NYSE:AC) Sees Unusually-High Trading Volume – Should You Buy?

Associated Capital Group, Inc. (NYSE:AC) shares saw an uptick in trading volume on Wednesday . 831 shares were traded during mid-day trading, a decline of 50% from the previous session’s volume of 1,666 shares.The stock last traded at $34.81 and had previously closed at $35.35.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Associated Capital Group from a “buy” rating to a “hold” rating in a report on Friday, December 13th.

Associated Capital Group Price Performance

The stock has a 50-day moving average price of $35.94 and a 200-day moving average price of $34.57. The company has a market capitalization of $746.27 million, a price-to-earnings ratio of 13.36 and a beta of 0.87.

Associated Capital Group Dividend Announcement

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a yield of 0.6%. Associated Capital Group’s dividend payout ratio (DPR) is currently 7.60%.

Institutional Trading of Associated Capital Group

Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in shares of 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 worth $840,000 after purchasing an additional 800 shares during the period. Quent Capital LLC acquired a new position in Associated Capital Group in the 3rd quarter valued at $240,000. Dynamic Advisor Solutions LLC lifted its position 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 acquiring an additional 298 shares during the period. Geode Capital Management LLC grew its stake in Associated Capital Group by 28.4% during the third quarter. Geode Capital Management LLC now owns 21,914 shares of the financial services provider’s stock worth $776,000 after buying an additional 4,841 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Associated Capital Group by 11,616.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 697 shares in the last quarter. 8.14% of the stock is currently owned by institutional investors.

About Associated Capital Group

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.