Gamco Investors INC. ET AL bought a new stake in Associated Capital Group Inc (NYSE:AC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 27,189 shares of the financial services provider’s stock, valued at approximately $1,076,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC purchased a new position in Associated Capital Group in the fourth quarter valued at about $31,000. Bank of America Corp DE boosted its stake in Associated Capital Group by 55.7% in the fourth quarter. Bank of America Corp DE now owns 5,121 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 1,832 shares during the last quarter. Paloma Partners Management Co purchased a new position in Associated Capital Group in the fourth quarter valued at about $218,000. Millennium Management LLC purchased a new position in Associated Capital Group in the fourth quarter valued at about $231,000. Finally, Dimensional Fund Advisors LP boosted its stake in Associated Capital Group by 58.2% in the third quarter. Dimensional Fund Advisors LP now owns 70,768 shares of the financial services provider’s stock valued at $3,010,000 after acquiring an additional 26,048 shares during the last quarter. Hedge funds and other institutional investors own 11.83% of the company’s stock.
NYSE AC opened at $38.50 on Thursday. Associated Capital Group Inc has a 12-month low of $32.59 and a 12-month high of $46.86. The company has a market capitalization of $873.55 million, a PE ratio of 96.70 and a beta of 1.15.
Associated Capital Group (NYSE:AC) last posted its quarterly earnings results on Monday, February 11th. The financial services provider reported ($0.81) earnings per share (EPS) for the quarter. Associated Capital Group had a negative net margin of 55.98% and a positive return on equity of 1.01%. The business had revenue of $8.61 million during the quarter.
The firm also recently declared a semiannual dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 18th will be given a $0.10 dividend. This represents a dividend yield of 0.51%. The ex-dividend date is Monday, June 17th.
Separately, Cowen reiterated an “average” rating and issued a $41.00 target price on shares of Associated Capital Group in a research note on Friday, March 1st.
Associated Capital Group 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.
Further Reading: Stock Split
Want to see what other hedge funds are holding AC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Associated Capital Group Inc (NYSE:AC).