Associated Capital Group (NYSE:AC) Issues Quarterly Earnings Results

Associated Capital Group (NYSE:AC) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.20 EPS for the quarter, Zacks reports. Associated Capital Group had a net margin of 412.90% and a return on equity of 6.21%.

Associated Capital Group Stock Performance

Shares of Associated Capital Group stock traded up $0.46 during trading hours on Wednesday, reaching $36.41. The company’s stock had a trading volume of 2,960 shares, compared to its average volume of 4,707. The company has a market capitalization of $773.24 million, a P/E ratio of 13.84 and a beta of 0.88. Associated Capital Group has a one year low of $28.58 and a one year high of $43.85. The stock’s fifty day simple moving average is $35.71 and its two-hundred day simple moving average is $35.07.

Associated Capital Group Dividend Announcement

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.10 per share. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, December 5th. Associated Capital Group’s payout ratio is 7.60%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Associated Capital Group from a “buy” rating to a “hold” rating in a research report on Friday, January 31st.

Associated Capital Group Company 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.