Associated Capital Group (NYSE:AC) Issues Quarterly Earnings Results

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

Associated Capital Group Price Performance

NYSE:AC traded up $0.46 during mid-day trading on Wednesday, reaching $36.41. The stock had a trading volume of 2,960 shares, compared to its average volume of 4,707. The company has a market capitalization of $773.24 million, a price-to-earnings ratio of 13.84 and a beta of 0.88. Associated Capital Group has a 1-year low of $28.58 and a 1-year high of $43.85. The stock’s 50 day simple moving average is $35.71 and its two-hundred day simple moving average is $35.07.

Associated Capital Group Dividend Announcement

The business also recently announced a Semi-Annual dividend, which was paid on Thursday, December 19th. Stockholders 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 dividend yield of 0.6%. Associated Capital Group’s dividend payout ratio (DPR) is presently 7.60%.

Analyst Ratings Changes

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.

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.