Associated Capital Group (NYSE:AC) Shares Gap Down – What’s Next?

Associated Capital Group, Inc. (NYSE:AC)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $35.36, but opened at $34.26. Associated Capital Group shares last traded at $34.26, with a volume of 184 shares trading hands.

Wall Street Analysts Forecast Growth

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 Stock Down 3.1 %

The firm has a market capitalization of $727.58 million, a P/E ratio of 13.03 and a beta of 0.87. The business’s 50 day moving average is $36.00 and its two-hundred day moving average is $34.53.

Associated Capital Group Announces Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a $0.10 dividend. This represents a dividend 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%.

Hedge Funds Weigh In On Associated Capital Group

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in Associated Capital Group by 11,616.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 697 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Associated Capital Group by 28.4% in the 3rd quarter. Geode Capital Management LLC now owns 21,914 shares of the financial services provider’s stock worth $776,000 after purchasing an additional 4,841 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in Associated Capital Group by 2.4% during the third quarter. Dynamic Advisor Solutions LLC now owns 12,675 shares of the financial services provider’s stock valued at $449,000 after purchasing an additional 298 shares during the last quarter. Quent Capital LLC bought a new stake in Associated Capital Group during the third quarter worth approximately $240,000. Finally, Renaissance Technologies LLC grew its position in Associated Capital Group by 3.3% in the second quarter. Renaissance Technologies LLC now owns 24,700 shares of the financial services provider’s stock worth $840,000 after buying an additional 800 shares during the last quarter. 8.14% of the stock is currently owned by institutional investors and hedge funds.

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.