Renaissance Technologies LLC lifted its stake in Associated Capital Group, Inc. (NYSE:AC – Free Report) by 3.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,700 shares of the financial services provider’s stock after purchasing an additional 800 shares during the quarter. Renaissance Technologies LLC owned about 0.12% of Associated Capital Group worth $840,000 as of its most recent SEC filing.
Separately, OFI Invest Asset Management purchased a new position in Associated Capital Group during the 2nd quarter valued at about $1,244,000. 8.14% of the stock is owned by hedge funds and other institutional investors.
Associated Capital Group Price Performance
Shares of AC opened at $35.66 on Tuesday. Associated Capital Group, Inc. has a 1-year low of $28.58 and a 1-year high of $36.72. The firm has a fifty day moving average price of $33.45 and a 200 day moving average price of $33.14. The stock has a market cap of $763.16 million, a PE ratio of 23.01 and a beta of 0.88.
Associated Capital Group Increases Dividend
The business also recently disclosed a None dividend, which will be paid on Monday, November 4th. Stockholders of record on Monday, October 21st will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, October 21st. This is a boost from Associated Capital Group’s previous None dividend of $0.10. Associated Capital Group’s payout ratio is currently 12.90%.
Associated Capital Group Profile
Associated Capital Group, Inc, together with its subsidiaries, provides investment advisory services in the United States. The company offers alternative investment management services; and operates a direct investment business. It also invests in new and existing businesses. The company was founded in 1976 and is headquartered in Greenwich, Connecticut.
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