Associated Capital Group, Inc. (NYSE:AC) Major Shareholder Mario J. Gabelli Acquires 500 Shares

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

Associated Capital Group Stock Performance

AC stock traded up $0.04 during midday trading on Thursday, reaching $34.14. The company’s stock had a trading volume of 14,500 shares, compared to its average volume of 5,028. The stock has a fifty day simple moving average of $33.59 and a two-hundred day simple moving average of $33.68. Associated Capital Group, Inc. has a 1 year low of $31.12 and a 1 year high of $38.64. The firm has a market capitalization of $730.60 million, a price-to-earnings ratio of 22.03 and a beta of 0.88.

Associated Capital Group Announces Dividend

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

Institutional Trading of Associated Capital Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quent Capital LLC purchased a new position in shares of Associated Capital Group during the first quarter valued at $222,000. Dynamic Advisor Solutions LLC increased 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 buying an additional 4,375 shares during the period. Finally, Sapient Capital LLC purchased a new position in shares of Associated Capital Group during the fourth quarter valued at $557,000. Hedge funds and other institutional investors own 8.14% of the company’s stock.

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.