Sei Investments Co. acquired a new stake in shares of Associated Capital Group, Inc. (NYSE:AC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,218 shares of the financial services provider’s stock, valued at approximately $1,780,000. Sei Investments Co. owned about 0.07% of Associated Capital Group at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AC. Nationwide Fund Advisors boosted its position in Associated Capital Group by 15.1% in the second quarter. Nationwide Fund Advisors now owns 3,073 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 402 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Associated Capital Group by 70.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,495 shares of the financial services provider’s stock worth $187,000 after purchasing an additional 2,278 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Associated Capital Group by 3.4% in the second quarter. JPMorgan Chase & Co. now owns 8,160 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 265 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in Associated Capital Group in the second quarter worth about $313,000. Finally, Teachers Advisors LLC boosted its position in Associated Capital Group by 11.1% in the second quarter. Teachers Advisors LLC now owns 9,452 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 942 shares during the last quarter. 13.87% of the stock is currently owned by institutional investors.

Associated Capital Group, Inc. (NYSE:AC) opened at $34.40 on Tuesday. The stock has a market capitalization of $797.51, a PE ratio of 73.15 and a beta of 0.83. Associated Capital Group, Inc. has a 12-month low of $32.20 and a 12-month high of $39.35.

The business also recently disclosed a None dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, December 26th. This represents a dividend yield of 0.58%. Associated Capital Group’s payout ratio is currently -133.32%.

Separately, Canaccord Genuity reissued a “buy” rating and issued a $27.00 target price on shares of Associated Capital Group in a research report on Friday, September 1st.

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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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Institutional Ownership by Quarter for Associated Capital Group (NYSE:AC)

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