Associated Capital Group Inc (NYSE:AC) Major Shareholder Purchases $11,748.00 in Stock

Associated Capital Group Inc (NYSE:AC) major shareholder Gamco Investors, Inc. Et Al purchased 600 shares of the business’s stock in a transaction dated Tuesday, July 21st. The shares were acquired at an average price of $19.58 per share, for a total transaction of $11,748.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Gamco Investors, Inc. Et Al also recently made the following trade(s):

  • On Wednesday, July 15th, Gamco Investors, Inc. Et Al purchased 1,000 shares of Associated Capital Group stock. The shares were acquired at an average price of $19.50 per share, for a total transaction of $19,500.00.
  • On Tuesday, July 7th, Gamco Investors, Inc. Et Al purchased 200 shares of Associated Capital Group stock. The shares were acquired at an average price of $18.34 per share, for a total transaction of $3,668.00.

AC opened at $41.85 on Friday. Associated Capital Group Inc has a 1-year low of $24.33 and a 1-year high of $65.46. The company has a fifty day moving average price of $36.55 and a two-hundred day moving average price of $38.06.

Associated Capital Group (NYSE:AC) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported ($3.27) earnings per share for the quarter. Associated Capital Group had a negative net margin of 185.30% and a negative return on equity of 6.58%. The company had revenue of $4.37 million during the quarter.

The business also recently declared a semi-annual dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a $0.10 dividend. This represents a yield of 0.5%. The ex-dividend date of this dividend was Monday, June 15th.

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Associated Capital Group from $43.00 to $34.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. ValuEngine downgraded shares of Associated Capital Group from a “sell” rating to a “strong sell” rating in a research note on Friday. TD Securities lifted their target price on shares of Associated Capital Group from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. National Bank of Canada downgraded shares of Associated Capital Group to a “sector perform” rating and lowered their target price for the stock from $30.00 to $22.00 in a research note on Friday, April 17th. Finally, Mizuho reissued a “hold” rating on shares of Associated Capital Group in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Associated Capital Group has a consensus rating of “Hold” and an average target price of $27.67.

Institutional investors and hedge funds have recently bought and sold shares of the business. Great West Life Assurance Co. Can bought a new stake in Associated Capital Group in the fourth quarter valued at $33,000. Tower Research Capital LLC TRC increased its stake in Associated Capital Group by 903.5% in the first quarter. Tower Research Capital LLC TRC now owns 863 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 777 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in Associated Capital Group in the first quarter valued at $52,000. Strs Ohio increased its stake in Associated Capital Group by 1,500.0% in the second quarter. Strs Ohio now owns 1,600 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Associated Capital Group by 70.2% during the first quarter. Wells Fargo & Company MN now owns 2,077 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 857 shares in the last quarter. 11.78% of the stock is owned by hedge funds and other institutional investors.

Associated Capital Group Company Profile

Associated Capital Group, Inc provides investment advisory and asset management services in the United States. It offers alternative investment management, institutional research, and underwriting services. The company was founded in 2015 and is headquartered in Rye, New York.

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