Associated Capital Group (NYSE:AC) Issues Earnings Results

Associated Capital Group (NYSE:AC) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, Zacks reports. Associated Capital Group had a net margin of 412.90% and a return on equity of 6.21%.

Associated Capital Group Stock Up 1.3 %

AC stock traded up $0.46 during trading on Wednesday, reaching $36.41. 2,960 shares of the company’s stock were exchanged, compared to its average volume of 4,707. Associated Capital Group has a 1-year low of $28.58 and a 1-year high of $43.85. The firm has a market cap of $773.24 million, a PE ratio of 13.84 and a beta of 0.88. The company’s fifty day moving average price is $35.71 and its 200-day moving average price is $35.07.

Associated Capital Group Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Associated Capital Group from a “buy” rating to a “hold” rating in a research report on Friday, January 31st.

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.