Mad River Investors Has $2.06 Million Holdings in Associated Capital Group, Inc. (NYSE:AC)

Mad River Investors lessened its holdings in Associated Capital Group, Inc. (NYSE:AC) by 14.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 63,000 shares of the financial services provider’s stock after selling 10,950 shares during the quarter. Associated Capital Group makes up approximately 1.4% of Mad River Investors’ holdings, making the stock its 13th biggest holding. Mad River Investors owned about 0.29% of Associated Capital Group worth $2,061,000 at the end of the most recent quarter.

Separately, Dynamic Advisor Solutions LLC raised its position 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 worth $430,000 after purchasing an additional 4,375 shares during the period. 8.14% of the stock is currently owned by institutional investors.

Associated Capital Group Price Performance

AC stock traded down $0.47 during trading hours on Thursday, reaching $32.49. 5,558 shares of the stock were exchanged, compared to its average volume of 6,229. The firm’s 50-day moving average is $33.64 and its 200-day moving average is $33.63. Associated Capital Group, Inc. has a 12 month low of $31.12 and a 12 month high of $38.64. The company has a market cap of $695.29 million, a price-to-earnings ratio of 20.96 and a beta of 0.89.

Associated Capital Group (NYSE:AC) last issued its quarterly earnings results on Tuesday, May 14th. The financial services provider reported $0.64 earnings per share for the quarter. The company had revenue of $3.01 million during the quarter. Associated Capital Group had a net margin of 253.37% and a return on equity of 3.71%.

Associated Capital Group Dividend Announcement

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

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.