Associated Capital Group Inc Announces None Dividend of $0.10 (AC)
Associated Capital Group Inc (NYSE:AC) announced a None dividend on Monday, November 6th, Zacks reports. Stockholders of record on Wednesday, December 27th will be given a dividend of 0.10 per share by the financial services provider on Wednesday, January 10th. This represents a dividend yield of 0.58%. The ex-dividend date is Tuesday, December 26th.
Shares of Associated Capital Group (NYSE:AC) opened at $34.05 on Thursday. Associated Capital Group has a 12 month low of $32.20 and a 12 month high of $39.35. The company has a market capitalization of $822.39, a price-to-earnings ratio of 75.43 and a beta of 0.83.
A hedge fund recently raised its stake in Associated Capital Group stock. The Manufacturers Life Insurance Company lifted its stake in shares of Associated Capital Group Inc (NYSE:AC) by 70.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,495 shares of the financial services provider’s stock after purchasing an additional 2,278 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Associated Capital Group were worth $187,000 at the end of the most recent quarter. Institutional investors own 13.87% of the company’s stock.
Separately, Canaccord Genuity reaffirmed a “buy” rating and set a $27.00 target price on shares of Associated Capital Group in a research report on Friday, September 1st.
About Associated Capital Group
Associated Capital Group, Inc is a parent operating company for the spin-off of GAMCO Investors, Inc’s (GAMCO’s) alternative investment management business, institutional research services operations and certain cash and other assets. The Company, through its subsidiaries, provides alternative investment management services and institutional research services, as well as management of its investment portfolio.
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