Associated Capital Group Inc (NYSE:AC) Insider Buys $216,442.00 in Stock

Associated Capital Group Inc (NYSE:AC) insider Mario J. Gabelli purchased 6,200 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was acquired at an average cost of $34.91 per share, with a total value of $216,442.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Associated Capital Group stock traded up $0.34 during mid-day trading on Friday, reaching $38.65. 1,815 shares of the company’s stock were exchanged, compared to its average volume of 19,109. Associated Capital Group Inc has a twelve month low of $32.59 and a twelve month high of $46.86. The stock’s fifty day simple moving average is $37.54. The firm has a market capitalization of $871.67 million, a P/E ratio of 96.63 and a beta of 1.09.

Associated Capital Group (NYSE:AC) last announced its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $1.02 EPS for the quarter. The company had revenue of $4.65 million 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 also recently announced a semiannual dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 18th were given a $0.10 dividend. This represents a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, June 17th.

Several hedge funds and other institutional investors have recently bought and sold shares of AC. O Shaughnessy Asset Management LLC acquired a new stake in shares of Associated Capital Group in the 4th quarter worth $31,000. Marshall Wace North America L.P. bought a new position in shares of Associated Capital Group during the 1st quarter valued at about $52,000. Bank of America Corp DE lifted its holdings in shares of Associated Capital Group by 55.7% during the 4th quarter. Bank of America Corp DE now owns 5,121 shares of the financial services provider’s stock valued at $180,000 after purchasing an additional 1,832 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Associated Capital Group during the 4th quarter valued at about $218,000. Finally, Millennium Management LLC bought a new position in shares of Associated Capital Group during the 4th quarter valued at about $231,000. 12.00% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Royal Bank of Canada reiterated a “hold” rating and issued a $0.35 target price on shares of DB Commodity Double Short ETN in a report on Friday, July 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $42.25.

Associated Capital Group Company 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.

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