Associated Capital Group, Inc. (NYSE:AC) Major Shareholder Gamco Investors, Inc. Et Al Buys 5,000 Shares

Associated Capital Group, Inc. (NYSE:ACGet Rating) major shareholder Gamco Investors, Inc. Et Al acquired 5,000 shares of Associated Capital Group stock in a transaction on Wednesday, April 20th. The stock was purchased at an average cost of $28.02 per share, with a total value of $140,100.00. Following the completion of the transaction, the insider now directly owns 5,000 shares in the company, valued at approximately $140,100. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Gamco Investors, Inc. Et Al also recently made the following trade(s):

  • On Tuesday, April 12th, Gamco Investors, Inc. Et Al bought 5,000 shares of Associated Capital Group stock. The shares were acquired at an average cost of $27.12 per share, with a total value of $135,600.00.
  • On Wednesday, April 6th, Gamco Investors, Inc. Et Al bought 500 shares of Associated Capital Group stock. The stock was bought at an average price of $28.70 per share, for a total transaction of $14,350.00.
  • On Thursday, March 31st, Gamco Investors, Inc. Et Al acquired 2,000 shares of Associated Capital Group stock. The shares were purchased at an average cost of $28.98 per share, with a total value of $57,960.00.
  • On Tuesday, March 15th, Gamco Investors, Inc. Et Al bought 5,000 shares of Associated Capital Group stock. The stock was acquired at an average price of $26.75 per share, with a total value of $133,750.00.

Shares of NYSE:AC traded down $0.13 during midday trading on Thursday, reaching $39.70. The company’s stock had a trading volume of 238 shares, compared to its average volume of 9,931. The firm has a 50 day moving average of $39.52 and a 200-day moving average of $40.54. Associated Capital Group, Inc. has a 12-month low of $33.35 and a 12-month high of $47.50. The firm has a market capitalization of $875.42 million, a P/E ratio of 14.92 and a beta of 1.19.

Associated Capital Group (NYSE:ACGet Rating) last posted its quarterly earnings results on Thursday, February 3rd. The financial services provider reported $0.43 earnings per share (EPS) for the quarter. Associated Capital Group had a return on equity of 6.37% and a net margin of 282.94%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC grew its holdings in shares of Associated Capital Group by 205.7% in the third quarter. Barclays PLC now owns 703 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 473 shares during the period. Marshall Wace North America L.P. purchased a new stake in shares of Associated Capital Group during the 1st quarter valued at about $52,000. BNP Paribas Arbitrage SA lifted its stake in shares of Associated Capital Group by 278.8% in the 4th quarter. BNP Paribas Arbitrage SA now owns 1,750 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 1,288 shares during the period. Moors & Cabot Inc. purchased a new position in shares of Associated Capital Group in the third quarter worth approximately $555,000. Finally, Bank of America Corp DE grew its position in Associated Capital Group by 27.2% during the fourth quarter. Bank of America Corp DE now owns 2,756 shares of the financial services provider’s stock valued at $119,000 after buying an additional 590 shares during the period. Institutional investors and hedge funds own 9.90% of the company’s stock.

Separately, StockNews.com began coverage on shares of Associated Capital Group in a report on Tuesday. They issued a “hold” rating for the company.

About Associated Capital Group (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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