StockNews.com Upgrades Associated Capital Group (NYSE:AC) to "Hold"

StockNews.com upgraded shares of Associated Capital Group (NYSE:AC - Free Report) from a sell rating to a hold rating in a research report report published on Tuesday.

Associated Capital Group Stock Down 0.7 %

Shares of AC stock traded down $0.26 during trading on Tuesday, hitting $35.72. The company had a trading volume of 6,049 shares, compared to its average volume of 6,097. The stock's 50-day moving average is $36.65 and its two-hundred day moving average is $36.00. The stock has a market capitalization of $758.48 million, a price-to-earnings ratio of 17.25 and a beta of 0.92. Associated Capital Group has a 52 week low of $28.58 and a 52 week high of $43.85.

Associated Capital Group (NYSE:AC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $0.20 earnings per share (EPS) 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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in Associated Capital Group by 11,616.7% during the third quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider's stock valued at $25,000 after buying an additional 697 shares during the period. Empowered Funds LLC purchased a new position in Associated Capital Group during the 4th quarter valued at about $149,000. Northern Trust Corp boosted its stake in Associated Capital Group by 17.6% during the fourth quarter. Northern Trust Corp now owns 18,375 shares of the financial services provider's stock worth $630,000 after acquiring an additional 2,755 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 purchasing an additional 4,841 shares during the period. Finally, OFI Invest Asset Management bought a new position in shares of Associated Capital Group during the fourth quarter valued at approximately $1,092,000. Hedge funds and other institutional investors own 8.14% of the company's stock.

Remove Ads

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.