Insider Buying: Associated Capital Group, Inc. (NYSE:AC) Major Shareholder Buys $19,940.00 in Stock

Associated Capital Group, Inc. (NYSE:AC) major shareholder Mario J. Gabelli acquired 500 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was acquired at an average cost of $39.88 per share, with a total value of $19,940.00. Following the acquisition, the insider now owns 24,300 shares of the company’s stock, valued at $969,084. The purchase was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Associated Capital Group Price Performance

Associated Capital Group stock opened at $34.02 on Friday. The company has a market cap of $728.03 million, a PE ratio of 21.95 and a beta of 0.88. The company has a fifty day moving average price of $33.63 and a two-hundred day moving average price of $33.68. Associated Capital Group, Inc. has a 12 month low of $31.12 and a 12 month high of $38.64.

Associated Capital Group (NYSE:AC) last posted its earnings results on Tuesday, May 14th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter. The company had revenue of $3.01 million for the quarter. Associated Capital Group had a return on equity of 3.70% and a net margin of 253.37%.

Associated Capital Group Announces Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Thursday, June 27th. Shareholders of record on Friday, June 14th were paid a $0.10 dividend. This represents a yield of 0.6%. The ex-dividend date of this dividend was Friday, June 14th. Associated Capital Group’s payout ratio is 12.90%.

Institutional Investors Weigh In On Associated Capital Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Sapient Capital LLC bought a new stake in shares of Associated Capital Group during the fourth quarter valued at about $557,000. Dynamic Advisor Solutions LLC raised its stake in shares of Associated Capital Group by 53.8% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 12,514 shares of the financial services provider’s stock valued at $430,000 after purchasing an additional 4,375 shares in the last quarter. Finally, Quent Capital LLC bought a new stake in shares of Associated Capital Group during the first quarter valued at about $222,000. 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.