State Board of Administration of Florida Retirement System Raises Stock Holdings in Associated Capital Group, Inc. (NYSE:AC)

State Board of Administration of Florida Retirement System increased its position in Associated Capital Group, Inc. (NYSE:ACGet Rating) by 36.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,817 shares of the financial services provider’s stock after purchasing an additional 1,817 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Associated Capital Group were worth $244,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. purchased a new stake in shares of Associated Capital Group in the first quarter worth $242,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of Associated Capital Group during the second quarter valued at $272,000. State Street Corp boosted its position in shares of Associated Capital Group by 0.9% during the first quarter. State Street Corp now owns 37,337 shares of the financial services provider’s stock valued at $1,565,000 after buying an additional 331 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Associated Capital Group by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 73,597 shares of the financial services provider’s stock valued at $3,084,000 after buying an additional 4,248 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Associated Capital Group by 0.5% during the first quarter. Vanguard Group Inc. now owns 198,258 shares of the financial services provider’s stock valued at $8,309,000 after buying an additional 1,021 shares during the last quarter. 9.81% of the stock is owned by hedge funds and other institutional investors.

Associated Capital Group Stock Up 0.1 %

NYSE AC opened at $40.77 on Tuesday. The stock’s 50-day moving average price is $39.52 and its 200-day moving average price is $39.07. Associated Capital Group, Inc. has a 52 week low of $33.69 and a 52 week high of $47.50. The company has a market capitalization of $897.39 million, a P/E ratio of -16.92 and a beta of 1.13.

Associated Capital Group Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.10 per share. This represents a dividend yield of 0.5%. The ex-dividend date is Wednesday, November 30th. Associated Capital Group’s payout ratio is currently -8.30%.

Wall Street Analyst Weigh In

Several research firms recently commented on AC. StockNews.com assumed coverage on Associated Capital Group in a research report on Wednesday, November 16th. They set a “sell” rating on the stock. TheStreet raised Associated Capital Group from a “d+” rating to a “c-” rating in a report on Friday, November 11th.

Insider Activity

In related news, major shareholder Gamco Investors, Inc. Et Al acquired 1,000 shares of Associated Capital Group stock in a transaction dated Thursday, October 13th. The shares were purchased at an average price of $29.31 per share, for a total transaction of $29,310.00. Following the completion of the transaction, the insider now directly owns 30,000 shares in the company, valued at approximately $879,300. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 3,100 shares of company stock worth $75,742 over the last quarter. Insiders own 85.72% of the company’s stock.

Associated Capital Group Profile

(Get Rating)

Associated Capital Group, Inc provides investment advisory services in the United States. The company offers alternative investment management and asset management services. It also invests in new and existing businesses. The company was founded in 1976 and is headquartered in Greenwich, Connecticut.

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

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