Associated Capital Group (NYSE:AC - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Friday.
Associated Capital Group Stock Performance
Shares of Associated Capital Group stock traded down $0.28 on Friday, hitting $36.29. 3,586 shares of the company traded hands, compared to its average volume of 4,471. The stock has a market capitalization of $770.80 million, a P/E ratio of 13.80 and a beta of 0.88. Associated Capital Group has a 52 week low of $28.58 and a 52 week high of $43.85. The business has a 50-day simple moving average of $35.71 and a 200 day simple moving average of $35.03.
Associated Capital Group (NYSE:AC - Get Free Report) last released its quarterly earnings data on Friday, November 8th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter. Associated Capital Group had a net margin of 412.90% and a return on equity of 6.21%. The firm had revenue of $2.42 million for the quarter.
Institutional Trading of Associated Capital Group
Large investors have recently made changes to their positions in the stock. Empowered Funds LLC purchased a new stake in Associated Capital Group in the fourth quarter worth about $149,000. JPMorgan Chase & Co. lifted its stake in Associated Capital Group by 11,616.7% in the third quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider's stock worth $25,000 after acquiring an additional 697 shares during the period. Geode Capital Management LLC lifted its stake in Associated Capital Group by 28.4% in the third quarter. Geode Capital Management LLC now owns 21,914 shares of the financial services provider's stock worth $776,000 after acquiring an additional 4,841 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in Associated Capital Group by 2.4% in the third quarter. Dynamic Advisor Solutions LLC now owns 12,675 shares of the financial services provider's stock worth $449,000 after acquiring an additional 298 shares during the period. Finally, Quent Capital LLC purchased a new stake in Associated Capital Group in the third quarter worth about $240,000. 8.14% of the stock is owned by hedge funds and other institutional investors.
About Associated Capital Group
(
Get Free Report)
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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