Associated Capital Group, Inc. (NYSE:AC - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $50.00 and last traded at $37.55, with a volume of 541 shares. The stock had previously closed at $37.27.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Associated Capital Group from a "hold" rating to a "sell" rating in a report on Tuesday.
View Our Latest Research Report on Associated Capital Group
Associated Capital Group Trading Up 0.4 %
The stock's fifty day moving average is $36.40 and its 200 day moving average is $35.64. The company has a market capitalization of $795.86 million, a P/E ratio of 18.10 and a beta of 0.88.
Associated Capital Group (NYSE:AC - Get Free Report) last released its earnings results on Wednesday, February 5th. The financial services provider reported $0.20 earnings per share for the quarter. Associated Capital Group had a net margin of 336.45% and a return on equity of 4.88%.
Institutional Trading of Associated Capital Group
Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in Associated Capital Group by 11,616.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 697 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Associated Capital Group by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 23,049 shares of the financial services provider's stock worth $790,000 after purchasing an additional 1,135 shares during the period. Northern Trust Corp lifted its stake in shares of Associated Capital Group by 17.6% in the 4th quarter. Northern Trust Corp now owns 18,375 shares of the financial services provider's stock worth $630,000 after purchasing an additional 2,755 shares during the period. Empowered Funds LLC bought a new position in shares of Associated Capital Group in the 4th quarter worth approximately $149,000. Finally, OFI Invest Asset Management bought a new position in shares of Associated Capital Group in the 4th quarter worth approximately $1,092,000. 8.14% of the stock is owned by hedge funds and other institutional investors.
Associated Capital Group Company Profile
(
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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