Short Interest in Associated Capital Group, Inc. (NYSE:AC) Increases By 119.7%

Associated Capital Group, Inc. (NYSE:AC) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 25,700 shares, an increase of 119.7% from the June 30th total of 11,700 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 7,100 shares, the days-to-cover ratio is currently 3.6 days.

Associated Capital Group Stock Up 0.1 %

Associated Capital Group stock traded up $0.05 during midday trading on Friday, reaching $33.51. The stock had a trading volume of 1,609 shares, compared to its average volume of 12,642. The firm has a market capitalization of $717.11 million, a PE ratio of 21.62 and a beta of 0.89. Associated Capital Group has a 12 month low of $28.58 and a 12 month high of $38.64. The firm’s 50-day moving average price is $33.27 and its 200 day moving average price is $33.20.

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

Associated Capital Group Announces Dividend

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

Institutional Investors Weigh In On Associated Capital Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quent Capital LLC bought a new stake in Associated Capital Group during the 1st quarter worth approximately $222,000. Sapient Capital LLC bought a new position in shares of Associated Capital Group in the fourth quarter worth $557,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Associated Capital Group in the second quarter worth $1,244,000. 8.14% of the stock is currently owned by institutional investors.

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.