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 report released on Tuesday.
Associated Capital Group Stock Performance
NYSE AC traded up $0.52 during mid-day trading on Tuesday, reaching $37.03. 2,599 shares of the stock were exchanged, compared to its average volume of 6,072. The business's 50 day moving average is $35.82 and its 200-day moving average is $34.07. Associated Capital Group has a 1 year low of $28.58 and a 1 year high of $43.85. The company has a market capitalization of $787.63 million, a P/E ratio of 13.89 and a beta of 0.86.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of AC. OFI Invest Asset Management acquired a new stake in shares of Associated Capital Group in the second quarter valued at $1,244,000. Quent Capital LLC acquired a new stake in shares of Associated Capital Group during the first quarter worth about $222,000. Renaissance Technologies LLC boosted its stake in shares of Associated Capital Group by 3.3% in the second quarter. Renaissance Technologies LLC now owns 24,700 shares of the financial services provider's stock valued at $840,000 after purchasing an additional 800 shares during the period. Dynamic Advisor Solutions LLC grew its holdings in shares of 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 valued at $449,000 after purchasing an additional 298 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Associated Capital Group by 28.4% during the 3rd quarter. Geode Capital Management LLC now owns 21,914 shares of the financial services provider's stock worth $776,000 after buying an additional 4,841 shares during the period. Hedge funds and other institutional investors own 8.14% of the company's stock.
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.
Further Reading
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