Associated Capital Group (NYSE:AC) Stock Passes Above 50 Day Moving Average of $32.77

Associated Capital Group, Inc. (NYSE:AC)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $32.77 and traded as high as $34.36. Associated Capital Group shares last traded at $34.36, with a volume of 5,368 shares changing hands.

Associated Capital Group Stock Performance

The company has a market cap of $738.40 million, a PE ratio of 19.98 and a beta of 0.89. The company has a 50 day simple moving average of $32.77 and a two-hundred day simple moving average of $33.56.

Associated Capital Group Dividend Announcement

The company also recently declared a Semi-Annual dividend, which will be paid on Thursday, June 27th. Investors of record on Friday, June 14th will be paid a $0.10 dividend. The ex-dividend date is Friday, June 14th. This represents a dividend yield of 0.6%. Associated Capital Group’s payout ratio is 11.63%.

Institutional Investors Weigh In On Associated Capital Group

Large investors have recently added to or reduced their stakes in the stock. Quent Capital LLC bought a new stake in Associated Capital Group during the first quarter worth approximately $222,000. Dynamic Advisor Solutions LLC raised its stake in shares of Associated Capital Group by 53.8% in 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, Sapient Capital LLC acquired a new position in shares of Associated Capital Group in the fourth quarter valued at $557,000. Institutional investors own 8.14% of the company’s stock.

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.