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 purchased 300 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were purchased at an average cost of $41.50 per share, for a total transaction of $12,450.00. Following the completion of the purchase, the insider now directly owns 2,800 shares of the company’s stock, valued at approximately $116,200. This represents a 12.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares 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 shares were sold at an average price of $38.71, for a total transaction of $7,742.00.

Associated Capital Group Stock Down 0.5 %

Shares of NYSE:AC traded down $0.17 during midday trading on Monday, reaching $36.25. 4,234 shares of the company traded hands, compared to its average volume of 6,232. Associated Capital Group, Inc. has a 12 month low of $28.58 and a 12 month high of $43.85. The firm has a market capitalization of $769.95 million, a price-to-earnings ratio of 13.94 and a beta of 0.86. The firm’s fifty day moving average price is $36.10 and its two-hundred day moving average price is $34.19.

Associated Capital Group Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Quent Capital LLC purchased a new stake in shares of Associated Capital Group during the first quarter worth about $222,000. Dynamic Advisor Solutions LLC grew its stake in shares of Associated Capital Group by 2.4% in the third quarter. Dynamic Advisor Solutions LLC now owns 12,675 shares of the financial services provider’s stock worth $449,000 after acquiring an additional 298 shares during the last quarter. Geode Capital Management LLC raised its holdings in 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 worth $776,000 after buying an additional 4,841 shares during the last quarter. Renaissance Technologies LLC grew 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 valued at $840,000 after buying an additional 800 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in shares of Associated Capital Group in the 2nd quarter worth $1,244,000. 8.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Associated Capital Group from a “buy” rating to a “hold” rating in a report 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.